Artemis Investment Management LLP Trims Stake in Hyatt Hotels Co. (NYSE:H)

Artemis Investment Management LLP decreased its position in shares of Hyatt Hotels Co. (NYSE:H) by 7.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 248,408 shares of the company’s stock after selling 20,889 shares during the quarter. Artemis Investment Management LLP owned approximately 0.25% of Hyatt Hotels worth $37,808,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bain Capital Public Equity Management II LLC bought a new position in Hyatt Hotels in the fourth quarter worth approximately $57,284,000. Allspring Global Investments Holdings LLC raised its position in shares of Hyatt Hotels by 333.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after acquiring an additional 199,773 shares in the last quarter. Interval Partners LP lifted its stake in shares of Hyatt Hotels by 314.1% during the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company’s stock worth $36,510,000 after purchasing an additional 182,297 shares during the last quarter. Principal Financial Group Inc. boosted its position in Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after purchasing an additional 162,562 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Hyatt Hotels by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock valued at $550,509,000 after purchasing an additional 144,356 shares during the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Stock Performance

NYSE:H opened at $152.44 on Wednesday. The company’s 50-day moving average is $146.17 and its two-hundred day moving average is $149.36. The firm has a market capitalization of $15.42 billion, a price-to-earnings ratio of 23.67 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. Hyatt Hotels Co. has a 1-year low of $96.77 and a 1-year high of $162.24.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $0.95 by $0.58. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same quarter in the prior year, the company posted $0.82 EPS. Analysts forecast that Hyatt Hotels Co. will post 3.95 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were issued a $0.15 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio is presently 9.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Robert W. Baird cut their price target on shares of Hyatt Hotels from $162.00 to $158.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Macquarie dropped their target price on Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Susquehanna dropped their price target on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Finally, The Goldman Sachs Group started coverage on shares of Hyatt Hotels in a research report on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 price objective for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and a consensus target price of $148.21.

Insider Buying and Selling

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the transaction, the insider now owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.50% of the stock is owned by corporate insiders.

Hyatt Hotels 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.