Hyatt Hotels Corporation $H Stock: Generate Investment Management Ltd Reduces Position

Generate Investment Management Ltd lowered its position in Hyatt Hotels Corporation (NYSE:H) by 71.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,562 shares of the company’s stock after selling 46,253 shares during the period. Generate Investment Management Ltd’s holdings in Hyatt Hotels were worth $2,943,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of H. Allspring Global Investments Holdings LLC increased its position in Hyatt Hotels by 19.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 296,133 shares of the company’s stock valued at $42,608,000 after acquiring an additional 48,002 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Hyatt Hotels in the second quarter valued at about $56,408,000. Amundi boosted its position in Hyatt Hotels by 70.9% in the first quarter. Amundi now owns 189,272 shares of the company’s stock worth $27,215,000 after purchasing an additional 78,544 shares during the last quarter. Quantinno Capital Management LP boosted its position in Hyatt Hotels by 5.2% in the first quarter. Quantinno Capital Management LP now owns 158,946 shares of the company’s stock worth $22,855,000 after purchasing an additional 7,835 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Hyatt Hotels by 6.4% during the 1st quarter. Swiss National Bank now owns 122,700 shares of the company’s stock valued at $17,643,000 after purchasing an additional 7,400 shares during the period. Institutional investors own 73.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on H. Mizuho upped their price target on shares of Hyatt Hotels from $221.00 to $222.00 and gave the company an “outperform” rating in a research report on Thursday, October 8th. Barclays dropped their price objective on shares of Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Morgan Stanley boosted their target price on shares of Hyatt Hotels from $209.00 to $211.00 and gave the company an “overweight” rating in a research report on Monday. Robert W. Baird reduced their target price on shares of Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, September 21st. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $197.67.

Hyatt Hotels Stock Performance

Shares of NYSE H traded down $2.31 during trading on Wednesday, hitting $160.60. The company had a trading volume of 191,340 shares, compared to its average volume of 837,072. The stock has a 50 day simple moving average of $166.82 and a 200 day simple moving average of $173.55. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. Hyatt Hotels Corporation has a 12 month low of $134.18 and a 12 month high of $206.86. The firm has a market capitalization of $15.14 billion, a P/E ratio of 195.94 and a beta of 1.40.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.21. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. As a group, analysts anticipate that Hyatt Hotels Corporation will post 3.54 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 73.17%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Amar Lalvani sold 1,364 shares of Hyatt Hotels stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $163.06, for a total transaction of $222,413.84. Following the transaction, the insider owned 4,894 shares of the company’s stock, valued at $798,015.64. The trade was a 21.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Kronick sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the transaction, the director owned 29,525 shares of the company’s stock, valued at approximately $5,310,957. The trade was a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is owned by insiders.

Hyatt Hotels Profile

Hyatt Hotels Corporation (NYSE:H) is a global hospitality company that manages, franchises, licenses and owns a portfolio of hotels, resorts and other lodging properties. Its brands span full-service, select-service, luxury, lifestyle, all-inclusive and extended-stay accommodations, serving business and leisure travelers.

The company’s portfolio includes brands such as Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Destination by Hyatt, Hyatt Place, Hyatt House, Hyatt Centric, Caption by Hyatt and World of Hyatt.