Russell Investments Group Ltd. Grows Stock Position in Hyatt Hotels Co. (NYSE:H)

Russell Investments Group Ltd. lifted its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 50.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 24,534 shares of the company’s stock after acquiring an additional 8,270 shares during the period. Russell Investments Group Ltd.’s holdings in Hyatt Hotels were worth $3,854,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of H. Versant Capital Management Inc grew its stake in Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. UMB Bank n.a. boosted its position in Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after buying an additional 104 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after buying an additional 300 shares during the period. Fifth Third Bancorp raised its position in Hyatt Hotels by 31.9% during the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock worth $73,000 after buying an additional 113 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Hyatt Hotels by 78.8% during the 4th quarter. Blue Trust Inc. now owns 581 shares of the company’s stock valued at $88,000 after acquiring an additional 256 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock opened at $108.48 on Wednesday. The stock has a market capitalization of $10.43 billion, a P/E ratio of 8.72 and a beta of 1.35. The business has a 50 day simple moving average of $130.01 and a two-hundred day simple moving average of $146.60. Hyatt Hotels Co. has a 12 month low of $102.43 and a 12 month high of $168.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter in the previous year, the business posted $0.64 EPS. As a group, analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.55%. Hyatt Hotels’s payout ratio is 4.82%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on H. Jefferies Financial Group reduced their target price on shares of Hyatt Hotels from $161.00 to $120.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Truist Financial decreased their price objective on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a report on Friday, March 21st. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Evercore ISI upgraded Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research report on Wednesday, March 5th. Finally, Macquarie cut their target price on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $156.64.

Insider Activity

In related news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, the director now owns 37,927 shares in the company, valued at approximately $5,377,290.06. This trade represents a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kinsey Wolf sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the transaction, the insider now owns 811 shares in the company, valued at $99,712.45. This trade represents a 55.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,600 shares of company stock valued at $1,517,798 in the last 90 days. Company insiders own 23.50% of the company’s stock.

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.