Hyatt Hotels Co. (NYSE:H) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of Hyatt Hotels Co. (NYSE:H) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,765 shares of the company’s stock after selling 311 shares during the period. Victory Capital Management Inc.’s holdings in Hyatt Hotels were worth $4,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after purchasing an additional 7,440 shares during the last quarter. TT International Asset Management LTD purchased a new stake in shares of Hyatt Hotels during the 4th quarter worth $5,283,000. Bamco Inc. NY lifted its position in shares of Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after purchasing an additional 68,608 shares during the last quarter. Icon Wealth Advisors LLC boosted its stake in Hyatt Hotels by 17,641.6% in the third quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after acquiring an additional 130,724 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in Hyatt Hotels in the third quarter valued at $4,520,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Buying and Selling

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the transaction, the director now directly owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This trade represents a 4.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.50% of the stock is currently owned by insiders.

Hyatt Hotels Stock Performance

NYSE:H opened at $122.28 on Friday. The firm’s 50 day moving average is $148.28 and its two-hundred day moving average is $151.90. Hyatt Hotels Co. has a fifty-two week low of $119.30 and a fifty-two week high of $168.20. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The company has a market cap of $11.76 billion, a P/E ratio of 9.83 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the business posted $0.64 EPS. Analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is 4.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on H. Susquehanna upped their target price on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Wells Fargo & Company cut their price target on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Macquarie lowered their target price on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Morgan Stanley lowered their target price on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $162.24.

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.