Quantbot Technologies LP Buys 22,147 Shares of Hyatt Hotels Co. (NYSE:H)

Quantbot Technologies LP raised its stake in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 160.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,933 shares of the company's stock after purchasing an additional 22,147 shares during the period. Quantbot Technologies LP's holdings in Hyatt Hotels were worth $5,469,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Hyatt Hotels by 6.5% during the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company's stock worth $401,827,000 after acquiring an additional 162,562 shares during the period. Fiera Capital Corp grew its stake in Hyatt Hotels by 1.2% during the second quarter. Fiera Capital Corp now owns 574,045 shares of the company's stock worth $87,209,000 after purchasing an additional 6,896 shares during the period. Dimensional Fund Advisors LP increased its holdings in Hyatt Hotels by 10.6% in the second quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company's stock worth $73,822,000 after purchasing an additional 46,574 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Hyatt Hotels by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company's stock valued at $71,371,000 after buying an additional 20,997 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Hyatt Hotels by 9.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 354,900 shares of the company's stock worth $54,016,000 after buying an additional 29,300 shares in the last quarter. Institutional investors own 71.02% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on H. Stifel Nicolaus boosted their target price on Hyatt Hotels from $145.50 to $157.50 and gave the company a "hold" rating in a research report on Tuesday. Mizuho lowered their target price on Hyatt Hotels from $200.00 to $198.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. StockNews.com upgraded Hyatt Hotels from a "sell" rating to a "hold" rating in a report on Monday, November 4th. Robert W. Baird boosted their price target on shares of Hyatt Hotels from $157.00 to $158.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Finally, Truist Financial dropped their price objective on shares of Hyatt Hotels from $169.00 to $158.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Hyatt Hotels has an average rating of "Hold" and an average target price of $151.88.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the sale, the insider now owns 623,556 shares in the company, valued at approximately $93,389,982.12. The trade was a 7.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark R. Vondrasek sold 3,776 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the transaction, the insider now owns 5,798 shares in the company, valued at $927,622.02. This represents a 39.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 23.50% of the company's stock.

Hyatt Hotels Price Performance

Shares of H traded down $0.42 during midday trading on Wednesday, hitting $156.03. 309,434 shares of the company traded hands, compared to its average volume of 583,390. The stock has a 50-day moving average of $153.35 and a 200-day moving average of $149.42. The firm has a market cap of $14.99 billion, a P/E ratio of 11.72 and a beta of 1.50. Hyatt Hotels Co. has a one year low of $112.85 and a one year 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.

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, topping 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 business had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. During the same period in the previous year, the business earned $0.70 earnings per share. As a group, sell-side analysts predict that Hyatt Hotels Co. will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

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

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.