Hyatt Hotels Co. (NYSE:H) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its position in shares of Hyatt Hotels Co. (NYSE:H) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,912 shares of the company’s stock after selling 5,285 shares during the period. Corebridge Financial Inc.’s holdings in Hyatt Hotels were worth $7,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in H. Geode Capital Management LLC raised its position in shares of Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after purchasing an additional 7,440 shares in the last quarter. TT International Asset Management LTD acquired a new stake in Hyatt Hotels in the fourth quarter valued at $5,283,000. Bamco Inc. NY grew its holdings in Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after acquiring an additional 68,608 shares in the last quarter. World Investment Advisors LLC acquired a new position in Hyatt Hotels during the 3rd quarter worth $4,520,000. Finally, Versant Capital Management Inc increased its position in shares of Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Stock Down 2.6 %

Shares of Hyatt Hotels stock opened at $121.50 on Friday. Hyatt Hotels Co. has a 1-year low of $116.13 and a 1-year high of $168.20. The company has a market capitalization of $11.68 billion, a P/E ratio of 9.77 and a beta of 1.51. The business’s fifty day moving average price is $142.39 and its two-hundred day moving average price is $150.20. 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 (NYSE:H) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The company had revenue of $1.60 billion during 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 previous year, the company earned $0.64 EPS. As a group, research analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. Hyatt Hotels’s dividend payout ratio is presently 4.82%.

Analyst Ratings Changes

H has been the subject of a number of research reports. Mizuho decreased their price target on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. JPMorgan Chase & Co. upped their price target on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Evercore ISI upgraded Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research note on Wednesday, March 5th. Finally, Truist Financial dropped their target price on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and a consensus price target of $161.97.

Insider Buying and Selling

In other news, Director Susan D. Kronick sold 1,600 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the transaction, the director now owns 37,927 shares in the company, valued at approximately $5,377,290.06. This trade represents a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark R. Vondrasek sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the sale, the insider now owns 9,337 shares in the company, valued at $1,090,561.60. The trade was a 51.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,600 shares of company stock valued at $1,517,798 over the last quarter. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Company 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.