Gabelli Funds LLC Lowers Stock Position in Hyatt Hotels Corporation $H

Gabelli Funds LLC lowered its position in shares of Hyatt Hotels Corporation (NYSE:H) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,500 shares of the company’s stock after selling 400 shares during the quarter. Gabelli Funds LLC’s holdings in Hyatt Hotels were worth $1,409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bamco Inc. NY lifted its position in Hyatt Hotels by 1.2% during the fourth quarter. Bamco Inc. NY now owns 5,550,789 shares of the company’s stock valued at $871,363,000 after buying an additional 67,385 shares during the period. Vanguard Group Inc. lifted its position in Hyatt Hotels by 0.5% during the first quarter. Vanguard Group Inc. now owns 3,920,488 shares of the company’s stock valued at $480,260,000 after buying an additional 21,190 shares during the period. Principal Financial Group Inc. lifted its position in Hyatt Hotels by 16.4% during the first quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company’s stock valued at $384,132,000 after buying an additional 441,417 shares during the period. Bank of Nova Scotia increased its holdings in shares of Hyatt Hotels by 9.3% during the first quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company’s stock valued at $229,987,000 after acquiring an additional 160,461 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Hyatt Hotels by 6.9% during the first quarter. Wellington Management Group LLP now owns 1,800,639 shares of the company’s stock valued at $220,578,000 after acquiring an additional 116,813 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on H shares. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a “hold” rating to a “buy” rating in a report on Monday, July 14th. Barclays reduced their price target on Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. Wall Street Zen downgraded Hyatt Hotels from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Truist Financial reduced their price target on Hyatt Hotels from $156.00 to $140.00 and set a “buy” rating for the company in a report on Friday, May 30th. Finally, Robert W. Baird raised their price target on Hyatt Hotels from $148.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Hyatt Hotels has a consensus rating of “Moderate Buy” and an average price target of $150.83.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, Director Cary D. Mcmillan sold 1,000 shares of the business’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $132.70, for a total transaction of $132,700.00. Following the completion of the sale, the director directly owned 498 shares in the company, valued at $66,084.60. The trade was a 66.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Udell sold 3,891 shares of the business’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $134.03, for a total value of $521,510.73. Following the sale, the insider owned 16,756 shares of the company’s stock, valued at approximately $2,245,806.68. This represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,491 shares of company stock valued at $870,211. 23.70% of the stock is owned by company insiders.

Hyatt Hotels Price Performance

NYSE H opened at $144.12 on Friday. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20. The stock has a 50-day moving average of $143.13 and a 200 day moving average of $132.29. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 2.26 and a beta of 1.46. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the company earned $1.53 EPS. On average, sell-side analysts forecast that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Hyatt Hotels’s payout ratio is currently 14.25%.

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.