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

Swedbank AB lessened its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 32.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,285 shares of the company’s stock after selling 11,601 shares during the period. Swedbank AB’s holdings in Hyatt Hotels were worth $3,447,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Hyatt Hotels by 86.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the period. MAI Capital Management increased its position in Hyatt Hotels by 53.4% in the 2nd quarter. MAI Capital Management now owns 270 shares of the company’s stock valued at $38,000 after buying an additional 94 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Hyatt Hotels by 18,500.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock worth $52,000 after buying an additional 370 shares during the period. Fifth Third Bancorp boosted its holdings in Hyatt Hotels by 33.2% in the second quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock worth $54,000 after acquiring an additional 96 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Hyatt Hotels by 350.5% in 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 during the period. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $165.73 on Friday. The company has a market capitalization of $15.74 billion, a PE ratio of -178.20, a PEG ratio of 4.16 and a beta of 1.29. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.47. The stock’s 50 day moving average price is $155.12 and its 200-day moving average price is $146.91. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.10.

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

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors 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 yield of 0.4%. Hyatt Hotels’s dividend payout ratio is presently -64.52%.

Analyst Upgrades and Downgrades

H has been the topic of a number of research reports. Morgan Stanley raised Hyatt Hotels from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $147.00 to $168.00 in a research report on Wednesday, October 22nd. Truist Financial boosted their target price on shares of Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Barclays upgraded Hyatt Hotels from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $161.00 to $200.00 in a research note on Wednesday, December 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, December 22nd. Finally, 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 research report on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Moderate Buy” and an average price target of $161.53.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 4,300 shares of Hyatt Hotels stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total value of $713,800.00. Following the sale, the insider owned 13,746 shares of the company’s stock, valued at approximately $2,281,836. The trade was a 23.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Peter Sears sold 12,394 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the transaction, the insider owned 5,594 shares in the company, valued at approximately $869,922.94. The trade was a 68.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 23,835 shares of company stock valued at $3,737,955 in the last 90 days. 23.70% of the stock is currently owned by corporate insiders.

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.