Bridgewater Associates LP trimmed its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 88.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,986 shares of the company’s stock after selling 31,419 shares during the quarter. Bridgewater Associates LP’s holdings in Hyatt Hotels were worth $317,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in H. Security Capital Research & Management Inc. raised its holdings in shares of Hyatt Hotels by 23.9% in the second quarter. Security Capital Research & Management Inc. now owns 271,475 shares of the company’s stock valued at $20,944,000 after acquiring an additional 52,450 shares in the last quarter. Martingale Asset Management L P bought a new stake in shares of Hyatt Hotels in the second quarter valued at about $2,496,000. Natixis raised its holdings in shares of Hyatt Hotels by 1,049.7% in the second quarter. Natixis now owns 138,500 shares of the company’s stock valued at $10,685,000 after acquiring an additional 126,453 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Hyatt Hotels by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 244,782 shares of the company’s stock valued at $18,885,000 after acquiring an additional 10,469 shares in the last quarter. Finally, We Are One Seven LLC bought a new stake in shares of Hyatt Hotels in the third quarter valued at about $300,000. Institutional investors and hedge funds own 36.70% of the company’s stock.
In other news, insider Featherman Trust sold 72,569 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $68.90, for a total transaction of $5,000,004.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider 8-26-22 Gp Llc sold 196,719 shares of the business’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $78.09, for a total value of $15,361,786.71. Following the sale, the insider now owns 100,000 shares in the company, valued at approximately $7,809,000. The disclosure for this sale can be found here. Insiders have sold 276,828 shares of company stock worth $20,902,937 in the last 90 days. Insiders own 18.40% of the company’s stock.
Shares of Hyatt Hotels stock opened at $71.20 on Friday. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 43.51, a PEG ratio of 4.57 and a beta of 1.29. The company has a quick ratio of 2.15, a current ratio of 2.17 and a debt-to-equity ratio of 0.41. Hyatt Hotels Co. has a one year low of $64.82 and a one year high of $84.89.
Hyatt Hotels (NYSE:H) last announced its earnings results on Tuesday, October 30th. The company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.09 billion. Hyatt Hotels had a net margin of 17.80% and a return on equity of 4.95%. During the same period in the previous year, the company posted $0.26 earnings per share. On average, sell-side analysts anticipate that Hyatt Hotels Co. will post 1.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 28th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Hyatt Hotels’s payout ratio is 33.71%.
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Hyatt Hotels Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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