Legal & General Group Plc Sells 52,918 Shares of Hyatt Hotels Co. (NYSE:H)

Legal & General Group Plc cut its holdings in Hyatt Hotels Co. (NYSE:H - Free Report) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 289,150 shares of the company's stock after selling 52,918 shares during the period. Legal & General Group Plc owned approximately 0.30% of Hyatt Hotels worth $45,391,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. MML Investors Services LLC increased its position in shares of Hyatt Hotels by 5.3% in the third quarter. MML Investors Services LLC now owns 5,249 shares of the company's stock valued at $799,000 after acquiring an additional 262 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Hyatt Hotels by 19.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 13,996 shares of the company's stock valued at $2,130,000 after purchasing an additional 2,300 shares during the period. Barclays PLC raised its position in Hyatt Hotels by 2.3% during the 3rd quarter. Barclays PLC now owns 45,648 shares of the company's stock valued at $6,946,000 after purchasing an additional 1,032 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company's stock worth $114,214,000 after buying an additional 7,440 shares during the period. Finally, Toronto Dominion Bank grew its position in shares of Hyatt Hotels by 30.9% in the 3rd quarter. Toronto Dominion Bank now owns 5,755 shares of the company's stock worth $876,000 after buying an additional 1,357 shares during the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on H. StockNews.com lowered Hyatt Hotels from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. The Goldman Sachs Group reiterated a "sell" rating and set a $110.00 price target (down previously from $150.00) on shares of Hyatt Hotels in a research report on Monday. Truist Financial reduced their target price on Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Barclays decreased their price objective on Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Finally, Mizuho lowered their price objective on Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating for the company in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $155.22.

Insider Activity at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 10,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the sale, the insider now directly owns 9,337 shares of the company's stock, valued at approximately $1,090,561.60. The trade was a 51.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan D. Kronick sold 1,600 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was 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 directly 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. In the last quarter, insiders sold 12,600 shares of company stock valued at $1,517,798. Insiders own 23.50% of the company's stock.

Hyatt Hotels Price Performance

Shares of NYSE:H traded up $0.18 during trading on Friday, hitting $106.19. 1,018,788 shares of the company's stock were exchanged, compared to its average volume of 638,370. The business's 50-day simple moving average is $127.74 and its 200 day simple moving average is $146.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. Hyatt Hotels Co. has a 52-week low of $102.43 and a 52-week high of $168.20. The company has a market cap of $10.21 billion, a price-to-earnings ratio of 8.54 and a beta of 1.35.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $1.63 billion. During the same quarter in the previous year, the business earned $0.64 EPS. As a group, equities analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, February 28th. Hyatt Hotels's dividend payout ratio is presently 4.82%.

Hyatt Hotels 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.