Alliancebernstein L.P. Sells 32,896 Shares of Hyatt Hotels Co. (NYSE:H)

Alliancebernstein L.P. decreased its position in Hyatt Hotels Co. (NYSE:H - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 508,901 shares of the company's stock after selling 32,896 shares during the quarter. Alliancebernstein L.P. owned approximately 0.53% of Hyatt Hotels worth $79,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of H. Versant Capital Management Inc grew its position in shares of Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company's stock valued at $32,000 after acquiring an additional 175 shares during the period. UMB Bank n.a. increased its position in Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company's stock worth $33,000 after buying an additional 104 shares in the last quarter. iA Global Asset Management Inc. bought a new position in shares of Hyatt Hotels in the third quarter worth about $51,000. Venturi Wealth Management LLC lifted its position in shares of Hyatt Hotels by 750.0% during the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock valued at $53,000 after buying an additional 300 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Hyatt Hotels by 31.9% during the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company's stock valued at $73,000 after acquiring an additional 113 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Price Performance

Shares of NYSE H traded down $5.61 during mid-day trading on Friday, hitting $109.63. 1,116,841 shares of the company's stock traded hands, compared to its average volume of 617,136. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. Hyatt Hotels Co. has a 1 year low of $107.47 and a 1 year high of $168.20. The company's 50-day moving average is $138.73 and its two-hundred day moving average is $149.30. The company has a market capitalization of $10.54 billion, a P/E ratio of 8.81 and a beta of 1.35.

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Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.22). The company 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 quarter last year, the company earned $0.64 earnings per share. On average, equities analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, February 28th. Hyatt Hotels's dividend payout ratio (DPR) is 4.82%.

Insider Activity

In related news, insider Kinsey Wolf sold 1,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the transaction, the insider now owns 811 shares of the company's stock, valued at $99,712.45. This trade represents a 55.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now owns 37,927 shares of the company's stock, valued at $5,377,290.06. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,600 shares of company stock valued at $1,517,798. 23.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Jefferies Financial Group raised their target price on shares of Hyatt Hotels from $150.00 to $176.00 and gave the stock a "hold" rating in a research note on Thursday, January 2nd. The Goldman Sachs Group decreased their price objective on shares of Hyatt Hotels from $170.00 to $150.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company dropped their target price 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. Truist Financial decreased their price target on Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, Barclays dropped their price objective on Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $161.97.

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.