CANADA LIFE ASSURANCE Co Trims Stock Position in Hyatt Hotels Co. (NYSE:H)

CANADA LIFE ASSURANCE Co trimmed its holdings in Hyatt Hotels Co. (NYSE:H - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,690 shares of the company's stock after selling 2,989 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Hyatt Hotels were worth $6,697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new position in shares of Hyatt Hotels in the 4th quarter valued at about $26,000. Versant Capital Management Inc increased its position in shares of Hyatt Hotels by 583.3% in the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company's stock valued at $32,000 after buying an additional 175 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Hyatt Hotels by 99.0% during the 4th quarter. UMB Bank n.a. now owns 209 shares of the company's stock worth $33,000 after buying an additional 104 shares during the period. 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 increased its holdings in Hyatt Hotels by 31.9% in the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company's stock worth $73,000 after acquiring an additional 113 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on H shares. Susquehanna boosted their price target on Hyatt Hotels from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Truist Financial dropped their target price on shares of Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating for the company in a report on Friday, March 21st. Wells Fargo & Company decreased their price target on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Jefferies Financial Group dropped their price objective on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Finally, StockNews.com lowered shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $151.83.

Hyatt Hotels Stock Up 2.9 %

Shares of NYSE:H opened at $107.28 on Wednesday. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 8.62 and a beta of 1.35. The company has a 50 day moving average of $124.74 and a two-hundred day moving average of $145.03. Hyatt Hotels Co. has a 52-week low of $102.43 and a 52-week high of $168.20. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87.

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 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 for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned $0.64 EPS. As a group, analysts forecast that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were given a $0.15 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.56%. Hyatt Hotels's payout ratio is currently 4.82%.

Insider Activity

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the sale, the insider now owns 9,337 shares of the company's stock, valued at $1,090,561.60. The trade was a 51.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 in the company, valued at approximately $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. In the last three months, insiders sold 12,600 shares of company stock valued at $1,517,798. Company insiders own 23.70% of the company's stock.

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.

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