iA Global Asset Management Inc. Raises Position in Hyatt Hotels Co. (NYSE:H)

iA Global Asset Management Inc. raised its holdings in Hyatt Hotels Co. (NYSE:H) by 452.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,868 shares of the company’s stock after buying an additional 1,530 shares during the period. iA Global Asset Management Inc.’s holdings in Hyatt Hotels were worth $293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in H. Raymond James Financial Inc. purchased a new position in Hyatt Hotels in the 4th quarter valued at approximately $77,136,000. KBC Group NV boosted its position in Hyatt Hotels by 978.3% in the 4th quarter. KBC Group NV now owns 108,966 shares of the company’s stock valued at $17,106,000 after buying an additional 98,861 shares during the period. Bamco Inc. NY raised its holdings in shares of Hyatt Hotels by 1.3% in the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after purchasing an additional 68,608 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its position in shares of Hyatt Hotels by 87.2% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 140,805 shares of the company’s stock worth $21,431,000 after purchasing an additional 65,577 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Hyatt Hotels by 3.3% during the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock worth $267,192,000 after purchasing an additional 56,082 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Trading Down 1.8 %

Shares of H stock opened at $121.68 on Friday. The business’s 50 day moving average is $145.42 and its two-hundred day moving average is $151.00. Hyatt Hotels Co. has a twelve month low of $116.13 and a twelve month high of $168.20. The company has a market capitalization of $11.70 billion, a P/E ratio of 9.78 and a beta of 1.51. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last announced its earnings results 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). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the business posted $0.64 earnings per share. Equities analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were paid a $0.15 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.82%.

Analyst Upgrades and Downgrades

H has been the topic of a number of analyst reports. Stifel Nicolaus raised their price target on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Truist Financial cut their target price on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a research report on Friday. 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 report on Thursday, January 2nd. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Finally, The Goldman Sachs Group cut their target price on Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $161.97.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Kinsey Wolf sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the sale, the insider now directly owns 811 shares of the company’s stock, valued at $99,712.45. This trade represents a 55.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark R. Vondrasek sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the completion of the sale, the insider now directly owns 9,337 shares of the company’s stock, valued at $1,090,561.60. This represents a 51.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,600 shares of company stock worth $1,517,798. 23.50% of the stock is currently owned by insiders.

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.