Hyatt Hotels Co. (NYSE:H) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management lessened its stake in shares of Hyatt Hotels Co. (NYSE:H) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,945 shares of the company’s stock after selling 3,165 shares during the quarter. Picton Mahoney Asset Management’s holdings in Hyatt Hotels were worth $2,733,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new position in shares of Hyatt Hotels during the 4th quarter worth $1,472,000. Whittier Trust Co. raised its position in shares of Hyatt Hotels by 2.6% in the 4th quarter. Whittier Trust Co. now owns 49,812 shares of the company’s stock worth $6,496,000 after buying an additional 1,260 shares during the period. Principal Financial Group Inc. raised its position in shares of Hyatt Hotels by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company’s stock worth $239,367,000 after buying an additional 11,041 shares during the period. State of Michigan Retirement System purchased a new position in shares of Hyatt Hotels in the 4th quarter worth $1,382,000. Finally, Gulf International Bank UK Ltd raised its position in Hyatt Hotels by 8,771.9% in the fourth quarter. Gulf International Bank UK Ltd now owns 5,057 shares of the company’s stock valued at $659,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 71.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on H shares. Evercore ISI restated an “in-line” rating and set a $135.00 target price on shares of Hyatt Hotels in a research note on Monday, February 5th. Barclays lowered their target price on Hyatt Hotels from $156.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th. TD Cowen boosted their price objective on Hyatt Hotels from $95.00 to $160.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Morgan Stanley lowered Hyatt Hotels from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $149.00 to $156.00 in a report on Monday, March 11th. Finally, Truist Financial boosted their price objective on Hyatt Hotels from $143.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and a consensus price target of $143.19.

Hyatt Hotels Stock Down 1.7 %

Shares of NYSE H traded down $2.56 during mid-day trading on Wednesday, reaching $147.84. The company had a trading volume of 948,852 shares, compared to its average volume of 659,753. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $161.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.60. The stock has a market capitalization of $14.96 billion, a PE ratio of 73.73, a price-to-earnings-growth ratio of 21.47 and a beta of 1.49. The stock’s 50 day moving average is $154.56 and its 200-day moving average is $134.29.

Hyatt Hotels (NYSE:H) last posted its earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.38 by $0.26. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.56 billion. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. During the same period in the prior year, the business posted $2.55 earnings per share. As a group, equities analysts anticipate that Hyatt Hotels Co. will post 3.24 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Tuesday, February 27th. Hyatt Hotels’s dividend payout ratio (DPR) is 29.41%.

Insider Activity at Hyatt Hotels

In related news, insider Joan Bottarini sold 10,695 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the sale, the insider now owns 16,104 shares in the company, valued at $2,398,207.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Hyatt Hotels news, insider Margaret C. Egan sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $157.78, for a total transaction of $157,780.00. Following the completion of the transaction, the insider now owns 20,546 shares in the company, valued at $3,241,747.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joan Bottarini sold 10,695 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the transaction, the insider now owns 16,104 shares of the company’s stock, valued at approximately $2,398,207.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,084,248 shares of company stock worth $326,572,489. Company 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.