Dynamic Technology Lab Private Ltd Sells 4,835 Shares of Hyatt Hotels Co. (NYSE:H)

Dynamic Technology Lab Private Ltd decreased its stake in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 33.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,730 shares of the company's stock after selling 4,835 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Hyatt Hotels were worth $1,481,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in H. Asset Management One Co. Ltd. increased its stake in shares of Hyatt Hotels by 0.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company's stock valued at $2,365,000 after acquiring an additional 66 shares during the last quarter. PFG Investments LLC increased its stake in Hyatt Hotels by 1.5% in the third quarter. PFG Investments LLC now owns 4,846 shares of the company's stock valued at $738,000 after purchasing an additional 70 shares in the last quarter. Red Spruce Capital LLC raised its holdings in Hyatt Hotels by 0.7% in the second quarter. Red Spruce Capital LLC now owns 13,994 shares of the company's stock worth $2,126,000 after purchasing an additional 92 shares during the period. Hunter Associates Investment Management LLC boosted its position in shares of Hyatt Hotels by 0.6% during the third quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company's stock worth $2,601,000 after purchasing an additional 95 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Hyatt Hotels by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company's stock valued at $1,945,000 after buying an additional 100 shares during the period. Institutional investors own 71.02% of the company's stock.

Hyatt Hotels Stock Performance

H traded down $3.95 on Tuesday, reaching $156.36. The company had a trading volume of 477,748 shares, compared to its average volume of 584,592. The stock has a market cap of $15.02 billion, a P/E ratio of 11.79 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. Hyatt Hotels Co. has a fifty-two week low of $112.85 and a fifty-two week high of $162.24. The company's fifty day moving average is $153.19 and its 200 day moving average is $149.40.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. As a group, analysts predict that Hyatt Hotels Co. will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.38%. Hyatt Hotels's dividend payout ratio is presently 4.52%.

Insider Activity

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the sale, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. This represents a 7.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 23.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Truist Financial decreased their target price on Hyatt Hotels from $169.00 to $158.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Cfra set a $155.00 price objective on Hyatt Hotels in a research report on Thursday, October 17th. Hsbc Global Res upgraded shares of Hyatt Hotels to a "hold" rating in a report on Friday, November 1st. Mizuho reduced their price target on shares of Hyatt Hotels from $200.00 to $198.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Finally, StockNews.com upgraded shares of Hyatt Hotels from a "sell" rating to a "hold" rating in a report on Monday, November 4th. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Hyatt Hotels has an average rating of "Hold" and a consensus target price of $151.88.

Hyatt Hotels Company 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.