Loomis Sayles & Co. L P Has $474,000 Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Loomis Sayles & Co. L P boosted its position in Hyatt Hotels Co. (NYSE:H) by 26.5% during the 3rd quarter, Holdings Channel reports. The fund owned 3,116 shares of the company’s stock after buying an additional 653 shares during the period. Loomis Sayles & Co. L P’s holdings in Hyatt Hotels were worth $474,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its position in Hyatt Hotels by 0.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after acquiring an additional 66 shares in the last quarter. PFG Investments LLC boosted its position in shares of Hyatt Hotels by 1.5% during the third quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock valued at $738,000 after buying an additional 70 shares during the last quarter. Red Spruce Capital LLC grew its holdings in Hyatt Hotels by 0.7% during the second quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock worth $2,126,000 after buying an additional 92 shares in the last quarter. Hunter Associates Investment Management LLC raised its position in Hyatt Hotels by 0.6% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock valued at $2,601,000 after buying an additional 95 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in Hyatt Hotels by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $1,945,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 71.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on H shares. Bank of America upped their target price on shares of Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Robert W. Baird increased their price objective on shares of Hyatt Hotels from $157.00 to $158.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Macquarie decreased their price target on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Wells Fargo & Company cut their price objective on Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $151.88.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the transaction, the insider now owns 5,798 shares of the company’s stock, valued at $927,622.02. The trade was a 39.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Performance

NYSE:H opened at $156.11 on Friday. Hyatt Hotels Co. has a 52-week low of $112.85 and a 52-week high of $162.24. The business’s fifty day moving average is $153.50 and its 200 day moving average is $149.47. 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 $14.99 billion, a price-to-earnings ratio of 11.76 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The firm 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 period in the prior year, the firm posted $0.70 earnings per share. Research analysts predict that Hyatt Hotels Co. will post 3.89 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 annualized dividend and a dividend yield of 0.38%. Hyatt Hotels’s payout ratio is currently 4.52%.

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.