Goldman Sachs Group Inc. Has $53.38 Million Holdings in Hyatt Hotels Co. (NYSE:H)

Goldman Sachs Group Inc. raised its stake in shares of Hyatt Hotels Co. (NYSE:H) by 17.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 409,283 shares of the company’s stock after purchasing an additional 60,363 shares during the period. Goldman Sachs Group Inc. owned approximately 0.40% of Hyatt Hotels worth $53,375,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in H. Quadrant Capital Group LLC raised its holdings in shares of Hyatt Hotels by 49.8% in the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock valued at $50,000 after purchasing an additional 127 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $59,000. Principal Securities Inc. purchased a new position in shares of Hyatt Hotels in the 4th quarter worth approximately $179,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Hyatt Hotels by 195.7% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,369 shares of the company’s stock valued at $179,000 after acquiring an additional 906 shares in the last quarter. Finally, HMS Capital Management LLC purchased a new stake in shares of Hyatt Hotels during the fourth quarter valued at approximately $217,000. 71.02% of the stock is owned by institutional investors.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $150.61 on Wednesday. The firm has a market capitalization of $15.24 billion, a P/E ratio of 23.39 and a beta of 1.49. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock’s 50-day simple moving average is $149.27 and its two-hundred day simple moving average is $142.32. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $161.50.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the company earned $0.41 EPS. As a group, equities analysts anticipate that Hyatt Hotels Co. will post 3.34 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were issued a $0.15 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. Hyatt Hotels’s payout ratio is 9.32%.

Analysts Set New Price Targets

H has been the subject of a number of recent analyst reports. Sanford C. Bernstein upped their price objective on Hyatt Hotels from $184.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. JPMorgan Chase & Co. raised their price target on shares of Hyatt Hotels from $162.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Stifel Nicolaus raised their target price on Hyatt Hotels from $146.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday, April 11th. Robert W. Baird upped their price target on Hyatt Hotels from $160.00 to $162.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Finally, Truist Financial decreased their price objective on Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $148.31.

Insider Activity

In other Hyatt Hotels news, insider Joan Bottarini sold 305 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the sale, the insider now directly owns 15,799 shares in the company, valued at $2,338,252. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Joan Bottarini sold 305 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the sale, the insider now owns 15,799 shares of the company’s stock, valued at $2,338,252. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Traubert Foundation Pritzker sold 704,229 shares of Hyatt Hotels stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total transaction of $111,247,055.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 716,418 shares of company stock valued at $113,062,674. Corporate 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.