Hyatt Hotels Corporation $H Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in shares of Hyatt Hotels Corporation (NYSE:H) by 41.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 8,027 shares of the company’s stock after selling 5,735 shares during the quarter. HighTower Advisors LLC’s holdings in Hyatt Hotels were worth $1,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its position in Hyatt Hotels by 345.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company’s stock worth $1,422,000 after acquiring an additional 6,877 shares during the period. TD Private Client Wealth LLC lifted its position in Hyatt Hotels by 184.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,592 shares of the company’s stock worth $255,000 after acquiring an additional 1,033 shares during the period. North Dakota State Investment Board acquired a new stake in Hyatt Hotels during the 4th quarter worth about $228,000. Beese Fulmer Investment Management Inc. purchased a new position in shares of Hyatt Hotels during the 4th quarter valued at about $404,000. Finally, Accredited Investors Inc. purchased a new position in shares of Hyatt Hotels during the 4th quarter valued at about $1,146,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Sanford C. Bernstein lifted their price objective on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Truist Financial lifted their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price objective on Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Susquehanna reduced their price objective on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $191.00.

Insider Activity

In other news, insider David Udell sold 2,087 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total transaction of $392,356.00. Following the sale, the insider directly owned 16,638 shares in the company, valued at $3,127,944. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Sears sold 10,217 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the completion of the transaction, the insider directly owned 6,374 shares in the company, valued at $1,183,396.84. This represents a 61.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 237,458 shares of company stock worth $40,093,807. 23.60% of the stock is currently owned by corporate insiders.

Trending Headlines about Hyatt Hotels

Here are the key news stories impacting Hyatt Hotels this week:

• Positive Sentiment: CNBC’s “Final Trades” segment highlighted Hyatt, with BMO Capital Markets’ Belski and other commentators expressing support for the name, which can reinforce investor confidence. Article: American Airlines, Hyatt Hotels And More On CNBC’s ‘Final Trades’
• Positive Sentiment: Hyatt’s summer promotions, including member savings of up to 25% and bonus-point offers, could help drive bookings and occupancy during a key travel period. Article: World of Hyatt Debuts Global Summer Offers
• Positive Sentiment: Recent earnings showed Hyatt beat expectations on both EPS and revenue, and analysts have generally maintained a moderate buy view with several price-target increases, supporting the stock’s longer-term momentum. Reference: Hyatt Hotels stock page

Hyatt Hotels Price Performance

NYSE:H opened at $186.18 on Thursday. Hyatt Hotels Corporation has a 52 week low of $127.59 and a 52 week high of $190.00. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $17.53 billion, a PE ratio of -531.93 and a beta of 1.33. The stock’s 50-day moving average price is $163.76 and its 200-day moving average price is $161.60.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned $0.46 EPS. As a group, equities analysts expect that Hyatt Hotels Corporation will post 3.59 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. Hyatt Hotels’s dividend payout ratio (DPR) is -171.43%.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.