Victory Capital Management Inc. Has $4.43 Million Holdings in Hyatt Hotels Co. (NYSE:H)

Victory Capital Management Inc. grew its holdings in Hyatt Hotels Co. (NYSE:H) by 12.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,076 shares of the company’s stock after purchasing an additional 3,176 shares during the period. Victory Capital Management Inc.’s holdings in Hyatt Hotels were worth $4,425,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in H. LRI Investments LLC acquired a new position in Hyatt Hotels in the 1st quarter worth about $26,000. Summit Securities Group LLC bought a new stake in shares of Hyatt Hotels in the 2nd quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Hyatt Hotels in the third quarter worth approximately $30,000. Blue Trust Inc. raised its position in Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after acquiring an additional 213 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after acquiring an additional 310 shares during the last quarter. 71.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the transaction, the insider now owns 623,556 shares of the company’s stock, valued at $92,373,585.84. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 23.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on H shares. Sanford C. Bernstein decreased their price target on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Bank of America upped their target price on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Truist Financial dropped their price target on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Morgan Stanley decreased their price objective on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Finally, Barclays cut their target price on shares of Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Hyatt Hotels currently has a consensus rating of “Hold” and a consensus target price of $151.57.

Hyatt Hotels Stock Up 0.2 %

Shares of H opened at $156.23 on Friday. Hyatt Hotels Co. has a 12 month low of $112.85 and a 12 month high of $162.24. The stock has a market cap of $15.00 billion, a price-to-earnings ratio of 11.77 and a beta of 1.50. The company has a 50-day moving average price of $152.88 and a two-hundred day moving average price of $149.34. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The company had revenue of $1.63 billion for 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 earned $0.70 EPS. Equities analysts predict that Hyatt Hotels Co. will post 3.91 EPS for the current fiscal 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 issued a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. Hyatt Hotels’s dividend payout ratio is 4.52%.

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.