Tredje AP fonden Lowers Holdings in Hyatt Hotels Co. (NYSE:H)

Tredje AP fonden lowered its position in shares of Hyatt Hotels Co. (NYSE:H) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,161 shares of the company’s stock after selling 109 shares during the period. Tredje AP fonden’s holdings in Hyatt Hotels were worth $1,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LRI Investments LLC purchased a new position in shares of Hyatt Hotels in the 1st quarter valued at $26,000. Riverview Trust Co purchased a new stake in shares of Hyatt Hotels during the first quarter valued at about $27,000. Summit Securities Group LLC purchased a new position in shares of Hyatt Hotels in the 2nd quarter worth approximately $30,000. EntryPoint Capital LLC purchased a new stake in Hyatt Hotels during the first quarter valued at approximately $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Hyatt Hotels in the second quarter worth $56,000. 71.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a research report on Wednesday. They set a “neutral” rating and a $151.00 target price on the stock. Susquehanna lowered their price objective on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, August 14th. Morgan Stanley reduced their target price on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their price objective on Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $148.21.

Hyatt Hotels Stock Performance

H opened at $154.87 on Friday. The firm’s fifty day simple moving average is $146.34 and its two-hundred day simple moving average is $149.79. Hyatt Hotels Co. has a 52-week low of $96.77 and a 52-week high of $162.24. The company has a market cap of $15.67 billion, a price-to-earnings ratio of 23.93 and a beta of 1.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.58. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same period in the previous year, the firm posted $0.82 EPS. Equities analysts anticipate that Hyatt Hotels Co. will post 3.97 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. Hyatt Hotels’s payout ratio is currently 9.32%.

Insiders Place Their Bets

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the transaction, the insider now directly owns 623,556 shares in the company, valued at $92,373,585.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.50% of the stock is currently owned by corporate insiders.

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.