Eagle Asset Management Inc. Reduces Stock Position in Hyatt Hotels Co. (NYSE:H)

Eagle Asset Management Inc. decreased its stake in Hyatt Hotels Co. (NYSE:H) by 15.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 481,278 shares of the company’s stock after selling 86,149 shares during the quarter. Eagle Asset Management Inc.’s holdings in Hyatt Hotels were worth $74,680,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of H. Allspring Global Investments Holdings LLC boosted its stake in shares of Hyatt Hotels by 333.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after buying an additional 199,773 shares during the last quarter. Interval Partners LP raised its holdings in Hyatt Hotels by 314.1% in the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company’s stock worth $36,510,000 after purchasing an additional 182,297 shares during the period. Principal Financial Group Inc. raised its holdings in Hyatt Hotels by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after purchasing an additional 162,562 shares during the period. Millennium Management LLC raised its holdings in Hyatt Hotels by 700.5% in the 2nd quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock worth $18,648,000 after purchasing an additional 107,412 shares during the period. Finally, GAM Holding AG acquired a new position in Hyatt Hotels in the 2nd quarter worth about $11,212,000. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the sale, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. This trade represents a 7.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.50% of the stock is currently owned by company insiders.

Hyatt Hotels Trading Up 0.6 %

Shares of Hyatt Hotels stock opened at $155.78 on Friday. The firm has a market capitalization of $14.96 billion, a price-to-earnings ratio of 11.74 and a beta of 1.50. Hyatt Hotels Co. has a fifty-two week low of $112.85 and a fifty-two week high of $162.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a 50 day moving average of $152.66 and a 200 day moving average of $149.30.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the business posted $0.70 earnings per share. As a group, research analysts predict that Hyatt Hotels Co. will post 3.91 earnings per share for the current year.

Hyatt Hotels Announces Dividend

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 issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Cfra set a $155.00 price target on Hyatt Hotels in a report on Thursday, October 17th. Macquarie reduced their price target on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Morgan Stanley reduced their target price on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a report on Monday. Bank of America increased their target price on Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Sanford C. Bernstein reduced their target price on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $151.57.

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.