New England Research & Management Inc. Lowers Stake in Hyatt Hotels Corporation $H

New England Research & Management Inc. cut its stake in Hyatt Hotels Corporation (NYSE:H) by 42.6% during the fourth quarter, HoldingsChannel reports. The firm owned 13,405 shares of the company’s stock after selling 9,946 shares during the period. New England Research & Management Inc.’s holdings in Hyatt Hotels were worth $2,149,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its position in Hyatt Hotels by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock valued at $52,229,000 after buying an additional 29,976 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Hyatt Hotels by 8.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock worth $17,556,000 after acquiring an additional 11,252 shares during the period. Allworth Financial LP raised its stake in shares of Hyatt Hotels by 350.5% during the second quarter. Allworth Financial LP now owns 410 shares of the company’s stock valued at $57,000 after acquiring an additional 319 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Hyatt Hotels by 5.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,777 shares of the company’s stock valued at $1,505,000 after purchasing an additional 583 shares during the period. Finally, Creative Planning boosted its holdings in shares of Hyatt Hotels by 54.6% in the second quarter. Creative Planning now owns 9,196 shares of the company’s stock valued at $1,284,000 after purchasing an additional 3,249 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Wall Street Analyst Weigh In

H has been the topic of several research reports. The Goldman Sachs Group assumed coverage on Hyatt Hotels in a report on Wednesday, January 14th. They set a “buy” rating and a $198.00 price objective on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $188.00 price target on shares of Hyatt Hotels in a research report on Friday, January 2nd. Morgan Stanley cut their price target on Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 10th. JPMorgan Chase & Co. lifted their price objective on Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Finally, Truist Financial increased their target price on shares of Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $175.80.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Javier Aguila sold 9,548 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $445,195.08. This trade represents a 78.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 23.70% of the company’s stock.

Hyatt Hotels Stock Down 1.7%

Shares of NYSE H opened at $141.96 on Friday. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month high of $180.53. The stock’s fifty day simple moving average is $160.08 and its two-hundred day simple moving average is $154.93. The stock has a market capitalization of $13.41 billion, a PE ratio of -253.49, a price-to-earnings-growth ratio of 1.76 and a beta of 1.22. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17.

Hyatt Hotels (NYSE:H) last released 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 positive return on equity of 5.53% and a negative net margin of 0.73%.The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company posted $0.42 EPS. As a group, analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio is presently -107.14%.

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.