Hyatt Hotels Corporation $H Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in Hyatt Hotels Corporation (NYSE:H) by 63.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,443 shares of the company’s stock after selling 16,126 shares during the quarter. Voya Investment Management LLC’s holdings in Hyatt Hotels were worth $1,340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in H. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Hyatt Hotels by 86.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the last quarter. MAI Capital Management lifted its stake in Hyatt Hotels by 53.4% during the second quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after purchasing an additional 94 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Hyatt Hotels by 18,500.0% during the second 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 grew its stake in shares of Hyatt Hotels by 33.2% in the second quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock valued at $54,000 after buying an additional 96 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Hyatt Hotels by 350.5% in the 2nd quarter. Allworth Financial LP now owns 410 shares of the company’s stock valued at $57,000 after buying an additional 319 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Price Performance

Shares of H opened at $164.64 on Tuesday. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of -177.03, a PEG ratio of 4.16 and a beta of 1.28. The firm’s fifty day simple moving average is $155.46 and its 200-day simple moving average is $147.22. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.10. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.47.

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

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were paid 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 payout ratio is presently -64.52%.

Insider Activity at Hyatt Hotels

In other news, 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 completion of the transaction, the insider owned 2,684 shares in the company, valued at approximately $445,195.08. This represents a 78.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David Udell sold 4,300 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total transaction of $713,800.00. Following the completion of the transaction, the insider directly owned 13,746 shares in the company, valued at $2,281,836. This trade represents a 23.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 33,383 shares of company stock valued at $5,321,682 over the last three months. 23.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, December 22nd. Barclays upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $161.00 to $200.00 in a report on Wednesday, December 17th. Stifel Nicolaus increased their target price on shares of Hyatt Hotels from $155.00 to $158.00 and gave the stock a “hold” rating in a report on Monday, November 10th. Robert W. Baird boosted their price target on shares of Hyatt Hotels from $154.00 to $156.00 and gave the stock a “neutral” rating in a research note on Thursday, November 20th. Finally, Truist Financial upped their price objective on Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.53.

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.