Amundi Sells 52,826 Shares of Hyatt Hotels Corporation $H

Key Points

• Amundi has reduced its stake in Hyatt Hotels Corporation by 31.3%, selling 52,826 shares, and now owns 115,826 shares valued at approximately $13.35 million.
• Hyatt recently reported quarterly earnings of $0.68 earnings per share, exceeding analyst estimates, along with a revenue of $1.81 billion.
• The company has declared a quarterly dividend of $0.15, with a yield of 0.4%, payable on September 10th to shareholders on record as of August 27th.

Amundi decreased its holdings in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 31.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,826 shares of the company's stock after selling 52,826 shares during the quarter. Amundi owned approximately 0.12% of Hyatt Hotels worth $13,348,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. PDT Partners LLC acquired a new position in shares of Hyatt Hotels during the 1st quarter worth $1,646,000. Graham Capital Management L.P. increased its stake in shares of Hyatt Hotels by 326.6% during the 1st quarter. Graham Capital Management L.P. now owns 18,799 shares of the company's stock worth $2,303,000 after purchasing an additional 14,392 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of Hyatt Hotels during the 1st quarter worth $1,117,000. Landscape Capital Management L.L.C. increased its stake in shares of Hyatt Hotels by 12.7% during the 1st quarter. Landscape Capital Management L.L.C. now owns 6,549 shares of the company's stock worth $802,000 after purchasing an additional 740 shares during the last quarter. Finally, Redwood Investment Management LLC increased its stake in shares of Hyatt Hotels by 18.8% during the 1st quarter. Redwood Investment Management LLC now owns 10,758 shares of the company's stock worth $1,318,000 after purchasing an additional 1,706 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

Insider Activity

In other news, Director Cary D. Mcmillan sold 1,000 shares of Hyatt Hotels stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $132.70, for a total transaction of $132,700.00. Following the sale, the director directly owned 498 shares in the company, valued at approximately $66,084.60. The trade was a 66.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Udell sold 4,051 shares of Hyatt Hotels stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total transaction of $587,395.00. Following the sale, the insider owned 16,756 shares in the company, valued at approximately $2,429,620. This trade represents a 19.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

H has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. Robert W. Baird raised their target price on shares of Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Truist Financial raised their target price on shares of Hyatt Hotels from $140.00 to $159.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Citigroup upgraded shares of Hyatt Hotels from a "neutral" rating to a "buy" rating and raised their target price for the company from $138.00 to $167.00 in a research note on Tuesday, September 9th. Finally, Raymond James Financial upgraded shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price on the stock in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $152.68.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock traded down $0.32 during trading on Monday, hitting $143.13. 31,997 shares of the company's stock traded hands, compared to its average volume of 938,106. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. The firm's fifty day moving average price is $143.77 and its 200 day moving average price is $132.32. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20. The company has a market cap of $13.67 billion, a PE ratio of 33.99, a PEG ratio of 2.26 and a beta of 1.43.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business earned $1.53 EPS. Analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Hyatt Hotels's payout ratio is 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.