Providence First Trust Co Decreases Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Providence First Trust Co lessened its stake in Hyatt Hotels Co. (NYSE:H) by 67.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 887 shares of the company’s stock after selling 1,839 shares during the quarter. Providence First Trust Co’s holdings in Hyatt Hotels were worth $139,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in H. US Bancorp DE lifted its position in shares of Hyatt Hotels by 3.7% in the fourth quarter. US Bancorp DE now owns 3,311 shares of the company’s stock valued at $520,000 after acquiring an additional 117 shares in the last quarter. QRG Capital Management Inc. raised its stake in Hyatt Hotels by 5.3% in the 4th quarter. QRG Capital Management Inc. now owns 20,086 shares of the company’s stock valued at $3,153,000 after purchasing an additional 1,006 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Hyatt Hotels in the 4th quarter valued at $7,072,000. Flynn Zito Capital Management LLC boosted its stake in Hyatt Hotels by 10.5% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,691 shares of the company’s stock worth $265,000 after purchasing an additional 161 shares during the last quarter. Finally, Lingotto Investment Management LLP grew its holdings in shares of Hyatt Hotels by 10.5% during the fourth quarter. Lingotto Investment Management LLP now owns 35,221 shares of the company’s stock worth $5,529,000 after buying an additional 3,355 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Trading Up 1.2 %

H opened at $140.93 on Friday. The business has a fifty day moving average price of $153.53 and a 200 day moving average price of $152.71. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. Hyatt Hotels Co. has a 12 month low of $128.91 and a 12 month high of $168.20. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 11.33 and a beta of 1.48.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period in the prior year, the firm posted $0.64 earnings per share. Sell-side analysts expect that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.43%. Hyatt Hotels’s payout ratio is 4.82%.

Wall Street Analyst Weigh In

H has been the topic of a number of recent research reports. Truist Financial boosted their price target on shares of Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Stifel Nicolaus boosted their target price on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a report on Tuesday, November 26th. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Hsbc Global Res raised Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group raised their target price on Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $162.55.

Hyatt Hotels Profile

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.