Hyatt Hotels Co. (NYSE:H) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its holdings in Hyatt Hotels Co. (NYSE:H - Free Report) by 84.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,477 shares of the company's stock after selling 40,517 shares during the quarter. Edgestream Partners L.P.'s holdings in Hyatt Hotels were worth $1,174,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Bamco Inc. NY increased its stake in Hyatt Hotels by 1.3% in the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company's stock valued at $834,574,000 after purchasing an additional 68,608 shares during the period. Principal Financial Group Inc. increased its stake in Hyatt Hotels by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company's stock valued at $422,960,000 after purchasing an additional 46,413 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Hyatt Hotels by 3.3% in the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company's stock valued at $267,192,000 after acquiring an additional 56,082 shares in the last quarter. State Street Corp boosted its holdings in shares of Hyatt Hotels by 0.4% in the third quarter. State Street Corp now owns 1,441,148 shares of the company's stock valued at $219,343,000 after acquiring an additional 6,007 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Hyatt Hotels by 1.0% in the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company's stock valued at $114,214,000 after acquiring an additional 7,440 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Susan D. Kronick sold 1,600 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the transaction, the director now owns 37,927 shares of the company's stock, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.50% of the stock is currently owned by company insiders.

Hyatt Hotels Stock Performance

NYSE:H opened at $127.20 on Wednesday. The firm has a 50 day simple moving average of $150.32 and a 200-day simple moving average of $152.46. 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 firm has a market cap of $12.23 billion, a PE ratio of 10.22 and a beta of 1.51. Hyatt Hotels Co. has a 1-year low of $124.12 and a 1-year high of $168.20.

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Hyatt Hotels (NYSE:H - Get Free Report) last posted 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). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period in the prior year, the firm earned $0.64 EPS. On average, equities analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Friday, February 28th. Hyatt Hotels's dividend payout ratio (DPR) is 4.82%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Hyatt Hotels from $157.00 to $144.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 4th. Jefferies Financial Group lifted their target price on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a "hold" rating in a report on Thursday, January 2nd. Truist Financial lifted their target price on shares of Hyatt Hotels from $158.00 to $163.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. The Goldman Sachs Group lowered their target price on shares of Hyatt Hotels from $170.00 to $150.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Finally, Robert W. Baird lowered their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $162.24.

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.

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