TT International Asset Management LTD Cuts Stock Holdings in Hyatt Hotels Corporation $H

Key Points

• TT International Asset Management LTD reduced its stake in Hyatt Hotels by 39.5%, owning 22,409 shares worth approximately $3.13 million after selling 14,608 shares in the second quarter.
• Recent analyst reports indicate mixed sentiments, with target prices varying from $140 to $167 and an average rating of Moderate Buy.
• Hyatt recently paid a quarterly dividend of $0.15 per share, reflecting a 0.4% dividend yield and a payout ratio of 14.25%.

TT International Asset Management LTD cut its position in Hyatt Hotels Corporation (NYSE:H - Free Report) by 39.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,409 shares of the company's stock after selling 14,608 shares during the quarter. Hyatt Hotels accounts for about 0.6% of TT International Asset Management LTD's holdings, making the stock its 22nd biggest holding. TT International Asset Management LTD's holdings in Hyatt Hotels were worth $3,129,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of H. Bernard Wealth Management Corp. bought a new position in Hyatt Hotels in the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new position in Hyatt Hotels in the first quarter valued at about $31,000. MassMutual Private Wealth & Trust FSB raised its position in Hyatt Hotels by 86.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. UMB Bank n.a. raised its position in Hyatt Hotels by 138.8% in the first quarter. UMB Bank n.a. now owns 499 shares of the company's stock valued at $61,000 after purchasing an additional 290 shares during the last quarter. Finally, Harold Davidson & Associates Inc. bought a new position in Hyatt Hotels in the first quarter valued at about $203,000. 73.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on H. Citigroup upgraded Hyatt Hotels from a "neutral" rating to a "buy" rating and increased their target price for the company from $138.00 to $167.00 in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Robert W. Baird raised their price objective on Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Barclays lowered their price objective on Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $152.68.

Hyatt Hotels Trading Down 2.7%

H stock traded down $3.80 during mid-day trading on Monday, reaching $139.24. The company's stock had a trading volume of 1,054,283 shares, compared to its average volume of 714,648. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 2.25 and a beta of 1.43. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.20. The business's 50 day moving average price is $142.91 and its 200 day moving average price is $132.46. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.During the same quarter in the previous year, the company posted $1.53 earnings per share. On average, equities research analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels's payout ratio is currently 14.25%.

Insider Activity

In related news, insider David Udell sold 4,051 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the transaction, the insider owned 16,756 shares of the company's stock, valued at $2,429,620. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 23.70% of the stock is currently owned by insiders.

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.