Hyatt Hotels Co. (NYSE:H) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management reduced its position in Hyatt Hotels Co. (NYSE:H) by 13.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 20,945 shares of the company’s stock after selling 3,165 shares during the quarter. Picton Mahoney Asset Management’s holdings in Hyatt Hotels were worth $2,733,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of H. Principal Financial Group Inc. raised its position in shares of Hyatt Hotels by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company’s stock worth $239,367,000 after acquiring an additional 11,041 shares in the last quarter. Morgan Stanley lifted its position in Hyatt Hotels by 1.1% in the third quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock valued at $232,836,000 after acquiring an additional 24,121 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Hyatt Hotels by 33.3% in the third quarter. Canada Pension Plan Investment Board now owns 903,230 shares of the company’s stock valued at $95,815,000 after acquiring an additional 225,530 shares in the last quarter. Cadian Capital Management LP lifted its holdings in shares of Hyatt Hotels by 7.2% in the 3rd quarter. Cadian Capital Management LP now owns 621,800 shares of the company’s stock valued at $65,961,000 after purchasing an additional 41,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Hyatt Hotels by 25.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,383 shares of the company’s stock valued at $55,627,000 after purchasing an additional 105,816 shares during the period. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Joan Bottarini sold 10,695 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the transaction, the insider now directly owns 16,104 shares of the company’s stock, valued at approximately $2,398,207.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hyatt Hotels news, insider Traubert Foundation Pritzker sold 704,229 shares of Hyatt Hotels stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total transaction of $111,247,055.13. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Joan Bottarini sold 10,695 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the transaction, the insider now owns 16,104 shares of the company’s stock, valued at $2,398,207.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,084,248 shares of company stock valued at $326,572,489. Company insiders own 23.50% of the company’s stock.

Hyatt Hotels Trading Down 1.7 %

NYSE H traded down $2.56 during mid-day trading on Wednesday, reaching $147.84. 948,852 shares of the stock were exchanged, compared to its average volume of 659,753. Hyatt Hotels Co. has a 1-year low of $96.77 and a 1-year high of $161.50. The stock has a market capitalization of $14.96 billion, a PE ratio of 73.73, a PEG ratio of 21.47 and a beta of 1.49. The business’s fifty day simple moving average is $154.56 and its 200 day simple moving average is $134.29. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.60.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Friday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the company earned $2.55 EPS. On average, research analysts anticipate that Hyatt Hotels Co. will post 3.24 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Tuesday, February 27th. Hyatt Hotels’s payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on H shares. Wells Fargo & Company boosted their price objective on Hyatt Hotels from $138.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Morgan Stanley downgraded shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $149.00 to $156.00 in a research note on Monday, March 11th. StockNews.com upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Monday. Robert W. Baird increased their price objective on Hyatt Hotels from $116.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus lifted their target price on shares of Hyatt Hotels from $146.00 to $154.00 and gave the company a “hold” rating in a report on Thursday, April 11th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $143.19.

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.