Nicola Wealth Management LTD. Cuts Position in Hyatt Hotels Co. (NYSE:H)

Nicola Wealth Management LTD. lessened its stake in Hyatt Hotels Co. (NYSE:H - Free Report) by 15.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,500 shares of the company's stock after selling 24,000 shares during the quarter. Hyatt Hotels accounts for 1.8% of Nicola Wealth Management LTD.'s investment portfolio, making the stock its 22nd largest position. Nicola Wealth Management LTD. owned approximately 0.13% of Hyatt Hotels worth $19,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in Hyatt Hotels by 12.3% during the 3rd quarter. Victory Capital Management Inc. now owns 29,076 shares of the company's stock valued at $4,425,000 after acquiring an additional 3,176 shares in the last quarter. Aigen Investment Management LP purchased a new position in Hyatt Hotels during the 3rd quarter valued at about $621,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Hyatt Hotels by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 84,971 shares of the company's stock valued at $12,933,000 after acquiring an additional 610 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Hyatt Hotels by 18.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,917 shares of the company's stock valued at $596,000 after acquiring an additional 622 shares in the last quarter. Finally, Bridges Investment Management Inc. increased its holdings in Hyatt Hotels by 7.3% during the 3rd quarter. Bridges Investment Management Inc. now owns 4,242 shares of the company's stock valued at $646,000 after acquiring an additional 287 shares in the last quarter. Hedge funds and other institutional investors own 71.02% of the company's stock.

Hyatt Hotels Stock Performance

Shares of H traded up $2.09 during midday trading on Thursday, hitting $161.62. 46,029 shares of the stock traded hands, compared to its average volume of 585,293. Hyatt Hotels Co. has a 1-year low of $111.60 and a 1-year high of $162.24. The firm has a market capitalization of $15.52 billion, a PE ratio of 12.02 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The business's 50 day moving average price is $151.54 and its two-hundred day moving average price is $149.12.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same quarter in the previous year, the company posted $0.70 earnings per share. Equities research analysts predict that Hyatt Hotels Co. will post 3.85 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.37%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels's payout ratio is currently 4.52%.

Analysts Set New Price Targets

Several research firms have issued reports on H. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Evercore ISI raised their price target on shares of Hyatt Hotels from $145.00 to $155.00 and gave the stock an "in-line" rating in a research note on Monday, October 21st. Hsbc Global Res raised shares of Hyatt Hotels to a "hold" rating in a research note on Friday, November 1st. Barclays decreased their price target on shares of Hyatt Hotels from $151.00 to $144.00 and set an "equal weight" rating on the stock in a research note on Friday, November 1st. Finally, Sanford C. Bernstein decreased their price target on shares of Hyatt Hotels from $185.00 to $178.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. Fifteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $151.57.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the sale, the insider now directly owns 623,556 shares in the company, valued at approximately $93,389,982.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.

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