Brandywine Global Investment Management LLC Grows Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Brandywine Global Investment Management LLC lifted its stake in Hyatt Hotels Co. (NYSE:H - Free Report) by 223.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,492 shares of the company's stock after buying an additional 23,152 shares during the period. Brandywine Global Investment Management LLC's holdings in Hyatt Hotels were worth $5,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. RWA Wealth Partners LLC lifted its holdings in shares of Hyatt Hotels by 10.7% in the fourth quarter. RWA Wealth Partners LLC now owns 3,632 shares of the company's stock worth $570,000 after acquiring an additional 350 shares during the last quarter. Allstate Corp acquired a new stake in Hyatt Hotels in the fourth quarter valued at approximately $221,000. Pictet Asset Management Holding SA grew its stake in shares of Hyatt Hotels by 1.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 18,320 shares of the company's stock worth $2,876,000 after buying an additional 339 shares during the last quarter. Norges Bank acquired a new position in shares of Hyatt Hotels during the fourth quarter worth $61,572,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Hyatt Hotels by 16.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 23,189 shares of the company's stock valued at $3,640,000 after acquiring an additional 3,314 shares during the last quarter. Institutional investors own 73.54% of the company's stock.

Hyatt Hotels Stock Performance

NYSE:H traded down $5.61 on Friday, reaching $109.63. 1,116,841 shares of the company's stock were exchanged, compared to its average volume of 615,980. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 8.81 and a beta of 1.35. 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 stock has a fifty day simple moving average of $138.73 and a 200-day simple moving average of $149.30. Hyatt Hotels Co. has a 52 week low of $107.47 and a 52 week high of $168.20.

Remove Ads

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share 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 quarter in the prior year, the firm posted $0.64 earnings per share. As a group, sell-side analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued 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 of this dividend was Friday, February 28th. Hyatt Hotels's payout ratio is presently 4.82%.

Insider Activity

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

Wall Street Analysts Forecast Growth

H has been the subject of several research reports. Evercore ISI upgraded Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 target price for the company in a research report on Wednesday, March 5th. Susquehanna lifted their target price on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Morgan Stanley decreased their price target on shares of Hyatt Hotels from $157.00 to $144.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 4th. Barclays reduced their price objective on shares of Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Finally, Macquarie lowered their target price on Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $161.97.

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.