Emerald Advisers LLC Sells 3,547 Shares of Hyatt Hotels Co. (NYSE:H)

Emerald Advisers LLC lowered its holdings in Hyatt Hotels Co. (NYSE:H - Free Report) by 56.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,684 shares of the company's stock after selling 3,547 shares during the period. Emerald Advisers LLC's holdings in Hyatt Hotels were worth $421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of Hyatt Hotels in the fourth quarter worth about $77,136,000. KBC Group NV lifted its stake in Hyatt Hotels by 978.3% in the 4th quarter. KBC Group NV now owns 108,966 shares of the company's stock worth $17,106,000 after purchasing an additional 98,861 shares in the last quarter. Bamco Inc. NY lifted its stake in Hyatt Hotels by 1.3% in the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company's stock worth $834,574,000 after purchasing an additional 68,608 shares in the last quarter. Worldquant Millennium Advisors LLC grew its position in shares of Hyatt Hotels by 87.2% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 140,805 shares of the company's stock valued at $21,431,000 after purchasing an additional 65,577 shares in the last quarter. Finally, Wellington Management Group LLP increased 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 worth $267,192,000 after purchasing an additional 56,082 shares during the period. 73.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

H has been the subject of several recent analyst reports. StockNews.com cut Hyatt Hotels from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Mizuho dropped their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating for the company in a research report on Friday, February 14th. Susquehanna increased their price target on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Truist Financial dropped their price objective 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. Finally, The Goldman Sachs Group lowered their price target on Hyatt Hotels from $170.00 to $150.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $161.97.

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Hyatt Hotels Stock Down 2.6 %

Shares of NYSE H traded down $3.20 on Friday, reaching $121.50. 914,633 shares of the company's stock traded hands, compared to its average volume of 604,372. The business's 50 day simple moving average is $142.39 and its two-hundred day simple moving average is $150.20. Hyatt Hotels Co. has a 12 month low of $116.13 and a 12 month high of $168.20. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 9.77 and a beta of 1.51. 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 announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) 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 company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.63 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. As a group, equities research analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.49%. The ex-dividend date was Friday, February 28th. Hyatt Hotels's dividend payout ratio (DPR) is 4.82%.

Insiders Place Their Bets

In related news, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the completion of the sale, the insider now directly owns 9,337 shares in the company, valued at approximately $1,090,561.60. This trade represents a 51.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of the company's 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 transaction, the director now owns 37,927 shares in the company, valued at $5,377,290.06. This represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,600 shares of company stock valued at $1,517,798. Insiders own 23.50% 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.