Hyatt Hotels Co. (NYSE:H) Stock Holdings Cut by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its position in Hyatt Hotels Co. (NYSE:H) by 29.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,442 shares of the company’s stock after selling 1,035 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Hyatt Hotels were worth $372,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Hyatt Hotels by 6.5% during the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after acquiring an additional 162,562 shares in the last quarter. Fiera Capital Corp increased its stake in Hyatt Hotels by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 574,045 shares of the company’s stock worth $87,209,000 after purchasing an additional 6,896 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Hyatt Hotels by 10.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company’s stock worth $73,822,000 after buying an additional 46,574 shares during the period. Bank of New York Mellon Corp lifted its stake in Hyatt Hotels by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company’s stock valued at $71,371,000 after buying an additional 20,997 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Hyatt Hotels by 9.0% in the third quarter. Handelsbanken Fonder AB now owns 354,900 shares of the company’s stock worth $54,016,000 after acquiring an additional 29,300 shares in the last quarter. 71.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on H. Stifel Nicolaus raised their price objective on shares of Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a research note on Tuesday, August 20th. Evercore ISI lifted their price target on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Bank of America increased their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. The Goldman Sachs Group began coverage on Hyatt Hotels in a research note on Wednesday, September 18th. They set a “neutral” rating and a $151.00 target price on the stock. Finally, Truist Financial decreased their price target on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a report on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and an average target price of $151.57.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the sale, the insider now owns 623,556 shares in the company, valued at approximately $92,373,585.84. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock opened at $152.94 on Friday. Hyatt Hotels Co. has a 1-year low of $112.04 and a 1-year high of $162.24. The firm has a fifty day simple moving average of $151.92 and a 200-day simple moving average of $149.19. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of 11.53 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company earned $0.70 earnings per share. On average, sell-side analysts expect that Hyatt Hotels Co. will post 3.85 earnings per share for the current year.

Hyatt Hotels Announces Dividend

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

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.