Swedbank AB Sells 11,601 Shares of Hyatt Hotels Corporation $H

Swedbank AB cut its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 32.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 24,285 shares of the company’s stock after selling 11,601 shares during the quarter. Swedbank AB’s holdings in Hyatt Hotels were worth $3,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Net Worth Advisory Group bought a new position in Hyatt Hotels in the 3rd quarter worth approximately $284,000. IFM Investors Pty Ltd boosted its holdings in shares of Hyatt Hotels by 15.8% in the third quarter. IFM Investors Pty Ltd now owns 9,703 shares of the company’s stock worth $1,379,000 after acquiring an additional 1,322 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Hyatt Hotels by 86.2% in the third quarter. Exchange Traded Concepts LLC now owns 32,358 shares of the company’s stock valued at $4,593,000 after purchasing an additional 14,981 shares in the last quarter. Baker Tilly Wealth Management LLC bought a new stake in shares of Hyatt Hotels during the 3rd quarter valued at $204,000. Finally, Oak Thistle LLC lifted its holdings in Hyatt Hotels by 89.7% during the 3rd quarter. Oak Thistle LLC now owns 7,996 shares of the company’s stock worth $1,135,000 after purchasing an additional 3,782 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Insider Transactions at Hyatt Hotels

In other news, insider Peter Sears sold 12,394 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $155.51, for a total value of $1,927,390.94. Following the completion of the sale, the insider directly owned 5,594 shares in the company, valued at approximately $869,922.94. The trade was a 68.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David Udell sold 4,300 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total transaction of $713,800.00. Following the transaction, the insider directly owned 13,746 shares in the company, valued at approximately $2,281,836. This represents a 23.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 23,835 shares of company stock worth $3,737,955. 23.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

H has been the subject of a number of recent analyst reports. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and lifted their target price for the company from $138.00 to $167.00 in a report on Tuesday, September 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, December 22nd. Barclays upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $161.00 to $200.00 in a research note on Wednesday, December 17th. JPMorgan Chase & Co. assumed coverage on shares of Hyatt Hotels in a research report on Monday, November 24th. They set an “overweight” rating and a $178.00 price target for the company. Finally, Truist Financial increased their price objective on Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.53.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $165.73 on Friday. The company’s fifty day moving average price is $155.12 and its 200-day moving average price is $146.91. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.69 and a quick ratio of 0.68. The firm has a market capitalization of $15.74 billion, a price-to-earnings ratio of -178.20, a PEG ratio of 4.16 and a beta of 1.29. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.10.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.79). The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a positive return on equity of 3.22% and a negative net margin of 1.27%.The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share. On average, equities research analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were given a dividend of $0.15 per share. The ex-dividend date was Monday, November 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio is -64.52%.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.