Harvest Portfolios Group Inc. Sells 1,470 Shares of Hyatt Hotels Co. (NYSE:H)

Harvest Portfolios Group Inc. trimmed its position in Hyatt Hotels Co. (NYSE:H) by 7.6% during the third quarter, HoldingsChannel.com reports. The firm owned 17,884 shares of the company’s stock after selling 1,470 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Hyatt Hotels were worth $2,722,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of H. Asset Management One Co. Ltd. raised its stake in Hyatt Hotels by 0.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after acquiring an additional 66 shares during the period. QRG Capital Management Inc. raised its holdings in Hyatt Hotels by 7.7% in the 3rd quarter. QRG Capital Management Inc. now owns 19,080 shares of the company’s stock valued at $2,904,000 after acquiring an additional 1,368 shares during the period. Hedeker Wealth LLC acquired a new position in shares of Hyatt Hotels in the third quarter valued at approximately $1,556,000. Hunter Associates Investment Management LLC lifted its holdings in Hyatt Hotels by 0.6% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock worth $2,601,000 after purchasing an additional 95 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Hyatt Hotels by 21.6% during the third quarter. Nisa Investment Advisors LLC now owns 620 shares of the company’s stock worth $94,000 after buying an additional 110 shares in the last quarter. 71.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on H. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. The Goldman Sachs Group began coverage on shares of Hyatt Hotels in a research note on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 price objective on the stock. Truist Financial decreased their target price on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Cfra set a $155.00 target price on shares of Hyatt Hotels in a research report on Thursday, October 17th. Finally, Robert W. Baird increased their price target on Hyatt Hotels from $157.00 to $158.00 and gave the company a “neutral” rating in a research note on Monday. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and an average target price of $151.57.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the sale, the insider now directly owns 623,556 shares in the company, valued at approximately $93,389,982.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Trading Up 7.0 %

NYSE:H opened at $153.11 on Thursday. Hyatt Hotels Co. has a 52 week low of $103.89 and a 52 week high of $162.24. The firm has a market cap of $15.36 billion, a price-to-earnings ratio of 11.54 and a beta of 1.50. The firm has a 50-day moving average price of $150.74 and a two-hundred day moving average price of $148.87. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business posted $0.70 EPS. On average, equities analysts expect that Hyatt Hotels Co. will post 3.86 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed 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. This represents a $0.60 annualized dividend and a yield of 0.39%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.52%.

About Hyatt Hotels

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.