Generate Investment Management Ltd Sells 46,253 Shares of Hyatt Hotels Corporation $H

Key Points

• Generate Investment Management Ltd cut its Hyatt Hotels position by 71.4% in the third quarter, selling 46,253 shares and retaining 18,562 shares valued at approximately $2.94 million.
• Hyatt shares traded down 1.4% to $160.60, while the company reported quarterly revenue of $1.83 billion and adjusted earnings of $1.12 per share, exceeding analyst expectations.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $197.67; Hyatt also pays a quarterly dividend of $0.15 per share.

Generate Investment Management Ltd lowered its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 71.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,562 shares of the company's stock after selling 46,253 shares during the period. Generate Investment Management Ltd's holdings in Hyatt Hotels were worth $2,943,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of H. Allspring Global Investments Holdings LLC increased its position in shares of Hyatt Hotels by 19.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 296,133 shares of the company's stock worth $42,608,000 after purchasing an additional 48,002 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Hyatt Hotels during the second quarter valued at approximately $56,408,000. Amundi grew its stake in Hyatt Hotels by 70.9% in the 1st quarter. Amundi now owns 189,272 shares of the company's stock worth $27,215,000 after buying an additional 78,544 shares in the last quarter. Quantinno Capital Management LP grew its stake in Hyatt Hotels by 5.2% in the 1st quarter. Quantinno Capital Management LP now owns 158,946 shares of the company's stock worth $22,855,000 after buying an additional 7,835 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Hyatt Hotels by 6.4% in the 1st quarter. Swiss National Bank now owns 122,700 shares of the company's stock worth $17,643,000 after buying an additional 7,400 shares during the last quarter. Institutional investors own 73.54% of the company's stock.

Insider Activity at Hyatt Hotels

In related news, insider Amar Lalvani sold 1,364 shares of Hyatt Hotels stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $163.06, for a total value of $222,413.84. Following the completion of the sale, the insider directly owned 4,894 shares in the company, valued at approximately $798,015.64. This trade represents a 21.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan D. Kronick sold 1,700 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the transaction, the director owned 29,525 shares in the company, valued at $5,310,957. This represents a 5.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 23.60% of the company's stock.

Hyatt Hotels Trading Down 1.4%

NYSE:H traded down $2.31 during mid-day trading on Wednesday, reaching $160.60. 191,340 shares of the company's stock traded hands, compared to its average volume of 837,072. Hyatt Hotels Corporation has a 12-month low of $134.18 and a 12-month high of $206.86. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 195.94 and a beta of 1.40. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. The company has a 50 day moving average price of $166.82 and a 200-day moving average price of $173.55.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same period last year, the company posted $0.68 EPS. The company's quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Hyatt Hotels Corporation will post 3.54 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, August 27th. Hyatt Hotels's dividend payout ratio is currently 73.17%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on H shares. JPMorgan Chase & Co. lowered their price objective on shares of Hyatt Hotels from $215.00 to $209.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Wolfe Research initiated coverage on shares of Hyatt Hotels in a research report on Wednesday, September 2nd. They issued an "outperform" rating and a $203.00 target price for the company. Barclays cut their target price on shares of Hyatt Hotels from $220.00 to $201.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Morgan Stanley increased their target price on Hyatt Hotels from $209.00 to $211.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Wells Fargo & Company raised their price target on Hyatt Hotels from $182.00 to $186.00 and gave the company an "equal weight" rating in a research report on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Hyatt Hotels presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.67.

Hyatt Hotels Profile

Hyatt Hotels Corporation NYSE: H is a global hospitality company that manages, franchises, licenses and owns a portfolio of hotels, resorts and other lodging properties. Its brands span full-service, select-service, luxury, lifestyle, all-inclusive and extended-stay accommodations, serving business and leisure travelers.

The company's portfolio includes brands such as Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Destination by Hyatt, Hyatt Place, Hyatt House, Hyatt Centric, Caption by Hyatt and World of Hyatt.

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