Hyatt Hotels Co. (NYSE:H) Shares Sold by KBC Group NV

KBC Group NV reduced its stake in Hyatt Hotels Co. (NYSE:H) by 60.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,105 shares of the company’s stock after selling 15,275 shares during the period. KBC Group NV’s holdings in Hyatt Hotels were worth $1,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Hyatt Hotels by 333.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after purchasing an additional 199,773 shares during the last quarter. Interval Partners LP raised its position in shares of Hyatt Hotels by 314.1% during the second quarter. Interval Partners LP now owns 240,327 shares of the company’s stock worth $36,510,000 after purchasing an additional 182,297 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after purchasing an additional 162,562 shares during the last quarter. Millennium Management LLC boosted its position in shares of Hyatt Hotels by 700.5% in the 2nd quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock valued at $18,648,000 after purchasing an additional 107,412 shares during the period. Finally, Natixis purchased a new position in Hyatt Hotels in the 1st quarter worth about $14,074,000. Institutional investors and hedge funds own 71.02% of the company’s stock.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the sale, the insider now owns 623,556 shares of the company’s stock, valued at $93,389,982.12. The trade was a 7.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Performance

H opened at $152.68 on Tuesday. The stock has a 50-day moving average of $152.06 and a 200-day moving average of $149.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. Hyatt Hotels Co. has a 52-week low of $112.85 and a 52-week high of $162.24. The company has a market cap of $14.66 billion, a PE ratio of 11.51 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same quarter last year, the firm posted $0.70 earnings per share. As a group, equities research analysts forecast that Hyatt Hotels Co. will post 3.85 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.39%. Hyatt Hotels’s dividend payout ratio is 4.52%.

Analyst Upgrades and Downgrades

Several brokerages have commented on H. Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. Macquarie lowered their price objective on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a report on Friday, November 1st. Morgan Stanley lowered their price target on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, StockNews.com raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Fifteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $151.57.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.