OneDigital Investment Advisors LLC Has $305,000 Stake in Hyatt Hotels Co. (NYSE:H)

OneDigital Investment Advisors LLC decreased its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,003 shares of the company’s stock after selling 357 shares during the period. OneDigital Investment Advisors LLC’s holdings in Hyatt Hotels were worth $305,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Hyatt Hotels by 333.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after purchasing an additional 199,773 shares in the last quarter. Interval Partners LP lifted its holdings in Hyatt Hotels by 314.1% during the second quarter. Interval Partners LP now owns 240,327 shares of the company’s stock worth $36,510,000 after acquiring an additional 182,297 shares in the last quarter. Principal Financial Group Inc. grew its stake in Hyatt Hotels by 6.5% in the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after acquiring an additional 162,562 shares during the period. Millennium Management LLC increased its holdings in shares of Hyatt Hotels by 700.5% in the second quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock worth $18,648,000 after acquiring an additional 107,412 shares in the last quarter. Finally, GAM Holding AG acquired a new stake in shares of Hyatt Hotels during the second quarter worth about $11,212,000. 71.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the sale, the insider now directly owns 623,556 shares in the company, valued at approximately $93,389,982.12. This represents a 7.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Up 0.6 %

Shares of H opened at $155.78 on Friday. The firm’s 50-day simple moving average is $152.66 and its 200 day simple moving average is $149.30. 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 firm has a market cap of $14.96 billion, a P/E ratio of 11.74 and a beta of 1.50. Hyatt Hotels Co. has a 52 week low of $112.85 and a 52 week high of $162.24.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm posted $0.70 EPS. On average, analysts forecast that Hyatt Hotels Co. will post 3.91 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is 4.52%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on H shares. Stifel Nicolaus increased their target price on Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a research note on Tuesday, August 20th. Morgan Stanley dropped their price objective on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a report on Monday. Truist Financial reduced their target price on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Hsbc Global Res raised Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group began coverage on Hyatt Hotels in a report on Wednesday, September 18th. They set a “neutral” rating and a $151.00 price objective for the company. Fifteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $151.57.

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.