TT International Asset Management LTD Lowers 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 shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 39.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,409 shares of the company's stock after selling 14,608 shares during the period. Hyatt Hotels comprises about 0.6% of TT International Asset Management LTD's investment portfolio, making the stock its 22nd largest position. 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 hedge funds have also recently bought and sold shares of H. Vanguard Group Inc. grew its holdings in shares of Hyatt Hotels by 0.5% during the first quarter. Vanguard Group Inc. now owns 3,920,488 shares of the company's stock worth $480,260,000 after purchasing an additional 21,190 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Hyatt Hotels by 16.4% in the first quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock valued at $384,132,000 after buying an additional 441,417 shares during the period. Bank of Nova Scotia lifted its stake in Hyatt Hotels by 9.3% in the first quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company's stock valued at $229,987,000 after buying an additional 160,461 shares during the period. Wellington Management Group LLP lifted its stake in Hyatt Hotels by 6.9% in the first quarter. Wellington Management Group LLP now owns 1,800,639 shares of the company's stock valued at $220,578,000 after buying an additional 116,813 shares during the period. Finally, Long Pond Capital LP bought a new position in shares of Hyatt Hotels during the 1st quarter valued at about $191,922,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Raymond James Financial raised 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 report on Tuesday, July 1st. Wall Street Zen lowered Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Citigroup raised Hyatt Hotels from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $138.00 to $167.00 in a report on Tuesday, September 9th. Truist Financial boosted their target price on Hyatt Hotels from $140.00 to $159.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of "Moderate Buy" and a consensus price target of $152.68.

Insider Activity at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of Hyatt Hotels stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total value of $587,395.00. Following the sale, the insider directly owned 16,756 shares of the company's stock, valued at approximately $2,429,620. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.70% of the stock is owned by insiders.

Hyatt Hotels Stock Up 0.2%

H traded up $0.22 during trading on Friday, hitting $142.98. 766,084 shares of the company's stock traded hands, compared to its average volume of 725,110. The company's 50 day simple moving average is $143.14 and its two-hundred day simple moving average is $132.51. 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 Corporation has a 12-month low of $102.43 and a 12-month high of $168.20. The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 2.25 and a beta of 1.43.

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

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were given a $0.15 dividend. 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 presently 14.25%.

Hyatt Hotels 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.