Dynamic Technology Lab Private Ltd Sells 4,835 Shares of Hyatt Hotels Co. (NYSE:H)

Dynamic Technology Lab Private Ltd lowered its stake in shares of Hyatt Hotels Co. (NYSE:H) by 33.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,730 shares of the company’s stock after selling 4,835 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Hyatt Hotels were worth $1,481,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC bought a new stake in shares of Hyatt Hotels during the 1st quarter worth approximately $26,000. Summit Securities Group LLC bought a new stake in Hyatt Hotels during the second quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Hyatt Hotels during the 3rd quarter worth approximately $30,000. Blue Trust Inc. lifted its stake in Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after purchasing an additional 213 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after buying an additional 310 shares in the last quarter. Institutional investors own 71.02% of the company’s stock.

Insider Transactions at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. This trade represents a 7.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.50% of the stock is owned by insiders.

Hyatt Hotels Stock Performance

NYSE:H opened at $160.30 on Tuesday. The firm has a market capitalization of $15.40 billion, a P/E ratio of 12.08 and a beta of 1.50. Hyatt Hotels Co. has a twelve month low of $112.85 and a twelve month high of $162.24. The company has a fifty day moving average of $153.19 and a 200-day moving average of $149.40. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same quarter in the prior year, the business earned $0.70 earnings per share. As a group, sell-side analysts anticipate that Hyatt Hotels Co. will post 3.89 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.37%. Hyatt Hotels’s dividend payout ratio is 4.52%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on H shares. Robert W. Baird increased their price target on Hyatt Hotels from $157.00 to $158.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Susquehanna lowered their price objective on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, August 14th. HSBC downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research report on Friday, November 1st. Finally, Cfra set a $155.00 price target on shares of Hyatt Hotels in a research report on Thursday, October 17th. Fifteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Hyatt Hotels currently has a consensus rating of “Hold” and a consensus target price of $151.57.

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.