Federated Hermes Inc. Sells 454 Shares of Hyatt Hotels Co. (NYSE:H)

Federated Hermes Inc. lessened its position in shares of Hyatt Hotels Co. (NYSE:H) by 11.3% during the 4th quarter, HoldingsChannel reports. The fund owned 3,559 shares of the company’s stock after selling 454 shares during the quarter. Federated Hermes Inc.’s holdings in Hyatt Hotels were worth $559,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Kensington Investment Counsel LLC lifted its position in Hyatt Hotels by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company’s stock valued at $2,136,000 after purchasing an additional 95 shares during the period. Bridges Investment Management Inc. raised its stake in shares of Hyatt Hotels by 2.3% during the fourth quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company’s stock worth $681,000 after buying an additional 99 shares during the last quarter. UMB Bank n.a. lifted its holdings 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 period. Arizona State Retirement System boosted its stake in Hyatt Hotels by 0.9% in the fourth quarter. Arizona State Retirement System now owns 13,050 shares of the company’s stock valued at $2,049,000 after acquiring an additional 110 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings 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 acquiring an additional 113 shares during the period. Institutional investors own 73.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on H. The Goldman Sachs Group restated a “sell” rating and issued a $110.00 price target (down from $150.00) on shares of Hyatt Hotels in a research report on Monday. Macquarie decreased their target price on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Robert W. Baird cut their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Truist Financial decreased their price objective on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, Stifel Nicolaus cut their target price on shares of Hyatt Hotels from $156.75 to $132.00 and set a “hold” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $155.22.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the transaction, the insider now owns 9,337 shares of the company’s stock, valued at $1,090,561.60. The trade was a 51.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan D. Kronick sold 1,600 shares of the 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 directly owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,600 shares of company stock valued at $1,517,798. 23.50% of the stock is owned by insiders.

Hyatt Hotels Stock Down 2.3 %

Shares of Hyatt Hotels stock opened at $105.94 on Thursday. The firm has a market cap of $10.19 billion, a PE ratio of 8.52 and a beta of 1.35. The business’s 50 day simple moving average is $128.85 and its 200 day simple moving average is $146.32. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. Hyatt Hotels Co. has a 52-week low of $102.43 and a 52-week high of $168.20.

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

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s payout ratio is 4.82%.

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.