Hyatt Hotels Co. (NYSE:H) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in Hyatt Hotels Co. (NYSE:H) by 70.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,499 shares of the company’s stock after selling 8,521 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Hyatt Hotels were worth $533,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in Hyatt Hotels during the 2nd quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Hyatt Hotels during the third quarter worth $30,000. Blue Trust Inc. increased its holdings in Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after buying an additional 213 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after buying an additional 310 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in Hyatt Hotels during the 3rd quarter worth about $51,000. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Performance

Shares of H opened at $158.99 on Monday. The stock has a market capitalization of $15.27 billion, a P/E ratio of 11.98 and a beta of 1.50. 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 Co. has a 1 year low of $124.40 and a 1 year high of $168.20. The company’s fifty day moving average is $154.99 and its two-hundred day moving average is $150.40.

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 analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the previous year, the business posted $0.70 earnings per share. On average, sell-side analysts predict that Hyatt Hotels Co. will post 3.89 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is 4.52%.

Analysts Set New Price Targets

A number of research analysts have recently commented on H shares. Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. Barclays raised their price objective on shares of Hyatt Hotels from $144.00 to $161.00 and gave the stock an “equal weight” rating in a report on Friday. Sanford C. Bernstein lowered their target price on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Stifel Nicolaus lifted their price target on shares of Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $152.88.

Insider Activity

In related news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the sale, the insider now owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Company 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.