Loomis Sayles & Co. L P Buys 653 Shares of Hyatt Hotels Co. (NYSE:H)

Loomis Sayles & Co. L P boosted its stake in Hyatt Hotels Co. (NYSE:H) by 26.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,116 shares of the company’s stock after acquiring an additional 653 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Hyatt Hotels were worth $474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in H. Principal Financial Group Inc. increased its position in shares of Hyatt Hotels by 6.5% in the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after acquiring an additional 162,562 shares during the last quarter. Fiera Capital Corp raised its stake in shares of Hyatt Hotels by 1.2% during 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 boosted its holdings in shares of Hyatt Hotels by 10.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company’s stock valued at $73,822,000 after buying an additional 46,574 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Hyatt Hotels by 4.7% in 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 holdings in Hyatt Hotels by 9.0% during the third quarter. Handelsbanken Fonder AB now owns 354,900 shares of the company’s stock worth $54,016,000 after buying an additional 29,300 shares during the last quarter. 71.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on H. Cfra set a $155.00 price objective on shares of Hyatt Hotels in a research note on Thursday, October 17th. Stifel Nicolaus raised their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research report on Tuesday. StockNews.com raised Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Barclays reduced their price objective on shares of Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Finally, Wells Fargo & Company dropped their price objective on shares of Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $151.88.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares of the company’s stock, valued at $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Trading Down 0.2 %

Shares of H stock opened at $156.11 on Friday. Hyatt Hotels Co. has a twelve month low of $112.85 and a twelve month high of $162.24. The stock’s fifty day simple moving average is $153.50 and its 200 day simple moving average is $149.47. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $14.99 billion, a P/E ratio of 11.76 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data 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 business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned $0.70 EPS. As a group, sell-side analysts predict that Hyatt Hotels Co. will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is currently 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.