Hyatt Hotels Corporation $H Stake Boosted by Tredje AP fonden

Tredje AP fonden increased its stake in Hyatt Hotels Corporation (NYSE:H) by 62.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,069 shares of the company’s stock after purchasing an additional 5,018 shares during the period. Tredje AP fonden’s holdings in Hyatt Hotels were worth $1,855,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in H. Northwestern Mutual Investment Management Company LLC increased its position in Hyatt Hotels by 0.8% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock worth $1,339,000 after buying an additional 72 shares during the period. Fifth Third Bancorp grew its position in shares of Hyatt Hotels by 876.1% during the third quarter. Fifth Third Bancorp now owns 3,758 shares of the company’s stock worth $533,000 after acquiring an additional 3,373 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Hyatt Hotels by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock worth $20,911,000 after acquiring an additional 22,071 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Hyatt Hotels by 5.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 15,545 shares of the company’s stock worth $2,206,000 after acquiring an additional 778 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Hyatt Hotels by 9.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,169 shares of the company’s stock valued at $592,000 after purchasing an additional 347 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Trading Up 2.3%

Shares of Hyatt Hotels stock opened at $171.90 on Monday. The business has a fifty day simple moving average of $164.41 and a 200-day simple moving average of $153.22. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $180.53. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of -306.97, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the business earned $0.42 earnings per share. On average, equities analysts forecast that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.60 annualized dividend and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio is currently -107.14%.

Insider Buying and Selling

In related news, insider David Udell sold 4,300 shares of Hyatt Hotels stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $166.00, for a total value of $713,800.00. Following the transaction, the insider directly owned 13,746 shares in the company, valued at $2,281,836. The trade was a 23.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Javier Aguila sold 9,548 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total value of $1,583,726.76. Following the sale, the insider directly owned 2,684 shares of the company’s stock, valued at approximately $445,195.08. This represents a 78.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 23.70% of the company’s stock.

Analyst Ratings Changes

H has been the subject of several recent analyst reports. Barclays upped their target price on shares of Hyatt Hotels from $198.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Sanford C. Bernstein reissued an “outperform” rating and issued a $188.00 price objective on shares of Hyatt Hotels in a report on Friday, January 2nd. Truist Financial raised their target price on Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Evercore reiterated an “in-line” rating and set a $175.00 price target (up previously from $170.00) on shares of Hyatt Hotels in a research report on Thursday, January 22nd. Finally, The Goldman Sachs Group initiated coverage on Hyatt Hotels in a research note on Wednesday, January 14th. They issued a “buy” rating and a $198.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $175.06.

Hyatt Hotels Company Profile

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.