Fiera Capital Corp Sells 176,539 Shares of Hyatt Hotels Co. (NYSE:H)

Fiera Capital Corp lowered its holdings in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 30.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 397,506 shares of the company's stock after selling 176,539 shares during the quarter. Fiera Capital Corp owned 0.40% of Hyatt Hotels worth $60,500,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. LRI Investments LLC purchased a new stake in shares of Hyatt Hotels during the first quarter valued at about $26,000. Summit Securities Group LLC acquired a new stake in Hyatt Hotels during the 2nd quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Hyatt Hotels during the third quarter valued at approximately $30,000. Blue Trust Inc. lifted its stake in shares of Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company's stock valued at $49,000 after purchasing an additional 213 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company's stock worth $50,000 after acquiring an additional 310 shares during the period. Hedge funds and other institutional investors own 71.02% of the company's stock.

Hyatt Hotels Trading Up 0.8 %

NYSE H traded up $1.18 during mid-day trading on Friday, hitting $155.07. The company's stock had a trading volume of 448,469 shares, compared to its average volume of 588,558. The stock's fifty day simple moving average is $150.97 and its two-hundred day simple moving average is $148.93. Hyatt Hotels Co. has a 52-week low of $104.76 and a 52-week high of $162.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $15.56 billion, a P/E ratio of 11.60 and a beta of 1.50.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.04. The company had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the prior year, the company earned $0.70 earnings per share. Research analysts expect that Hyatt Hotels Co. will post 3.86 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. Hyatt Hotels's dividend payout ratio (DPR) is presently 4.52%.

Wall Street Analyst Weigh In

H has been the subject of a number of research reports. Sanford C. Bernstein dropped their target price on shares of Hyatt Hotels from $185.00 to $178.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. Cfra set a $155.00 target price on shares of Hyatt Hotels in a research note on Thursday, October 17th. Morgan Stanley cut their price objective on Hyatt Hotels from $161.00 to $153.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 7th. Truist Financial decreased their price target on shares of Hyatt Hotels from $169.00 to $158.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Finally, Wells Fargo & Company cut their target price on shares of Hyatt Hotels from $178.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels has a consensus rating of "Hold" and a consensus price target of $151.57.

Insider Activity at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the 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 approximately $93,389,982.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.50% of the stock is currently owned by corporate insiders.

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.