Hyatt Hotels Corporation (NYSE:H) Shares Sold by Fiera Capital Corp

Key Points

• Fiera Capital Corp reduced its stake in Hyatt Hotels by 35.4%, owning approximately 0.26% of the company after selling over 138,000 shares.
• Several other institutional investors increased their stakes in Hyatt, including the State of Alaska Department of Revenue, which boosted its holdings by 127.9%.
• Hyatt Hotels declared a quarterly dividend of $0.15 per share, resulting in an annual yield of 0.41%, alongside reporting earnings per share of $0.46 for the last quarter.

Fiera Capital Corp decreased its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 35.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,307 shares of the company's stock after selling 138,313 shares during the quarter. Fiera Capital Corp owned about 0.26% of Hyatt Hotels worth $30,908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Townsquare Capital LLC raised its position in Hyatt Hotels by 3.4% during the 4th quarter. Townsquare Capital LLC now owns 2,801 shares of the company's stock worth $440,000 after buying an additional 92 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Hyatt Hotels by 5.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock worth $256,000 after buying an additional 110 shares during the last quarter. Snowden Capital Advisors LLC raised its position in Hyatt Hotels by 2.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 5,025 shares of the company's stock worth $789,000 after buying an additional 116 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in Hyatt Hotels during the 4th quarter worth $26,000. Finally, State of Michigan Retirement System raised its position in Hyatt Hotels by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 10,200 shares of the company's stock worth $1,250,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company's stock.

Wall Street Analysts Forecast Growth

H has been the subject of a number of analyst reports. Jefferies Financial Group cut their price objective on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Barclays upped their price objective on shares of Hyatt Hotels from $122.00 to $127.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Robert W. Baird upped their price target on shares of Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research note on Monday. The Goldman Sachs Group upped their price target on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research note on Friday, May 2nd. Finally, Stifel Nicolaus lowered their price target on shares of Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $150.74.

Insider Buying and Selling at Hyatt Hotels

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 completion of the sale, the director directly owned 498 shares in the company, valued at $66,084.60. The trade was a 66.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total transaction of $216,000.00. Following the sale, the director owned 37,825 shares of the company's stock, valued at approximately $5,106,375. This trade represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 371,111 shares of company stock valued at $49,273,516. Corporate insiders own 23.70% of the company's stock.

Hyatt Hotels Price Performance

NYSE:H traded down $4.09 during mid-day trading on Thursday, hitting $140.73. 939,827 shares of the company's stock traded hands, compared to its average volume of 788,166. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The firm's 50 day simple moving average is $139.64 and its 200 day simple moving average is $135.01. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $168.20. The company has a market cap of $13.43 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 2.66 and a beta of 1.42.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted $0.71 EPS. Sell-side analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels's payout ratio is 7.79%.

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.