Great Lakes Advisors LLC Cuts Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Great Lakes Advisors LLC decreased its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 15.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,102 shares of the company’s stock after selling 938 shares during the period. Great Lakes Advisors LLC’s holdings in Hyatt Hotels were worth $801,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Bridges Investment Management Inc. boosted its holdings in shares of Hyatt Hotels by 2.3% in the 4th quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company’s stock valued at $681,000 after buying an additional 99 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after buying an additional 104 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Hyatt Hotels by 0.9% in the 4th quarter. Arizona State Retirement System now owns 13,050 shares of the company’s stock valued at $2,049,000 after buying an additional 110 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Hyatt Hotels by 31.9% in the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after buying an additional 113 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Hyatt Hotels by 3.7% in the 4th quarter. US Bancorp DE now owns 3,311 shares of the company’s stock valued at $520,000 after buying an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Evercore ISI upgraded shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price target on the stock in a report on Wednesday, March 5th. Robert W. Baird lowered their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group lowered their target price on shares of Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Stifel Nicolaus lifted their target price on shares of Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley lowered their target price on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $162.24.

Hyatt Hotels Price Performance

NYSE:H opened at $122.28 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 9.83 and a beta of 1.51. The company has a 50 day moving average price of $148.28 and a 200-day moving average price of $151.90. Hyatt Hotels Co. has a 1-year low of $119.30 and a 1-year high of $168.20.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period last year, the firm earned $0.64 earnings per share. Equities research analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

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

Insider Buying and Selling

In related news, Director Susan D. Kronick sold 1,600 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, the director now owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. The trade was a 4.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.50% of the stock is owned by insiders.

About Hyatt Hotels

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.