Natixis Advisors LLC Sells 1,927 Shares of Hyatt Hotels Corporation (NYSE:H)

Key Points

• Natixis Advisors LLC reduced its stake in Hyatt Hotels Corporation by 13.0%, now holding a total of 12,936 shares valued at approximately $1.59 million.
• Hyatt Hotels' quarterly earnings report showed an EPS of $0.68, exceeding estimates by $0.06, with revenue of $1.81 billion.
• The company declared a quarterly dividend of $0.15 per share, with a payout ratio of 7.79%, reflecting a dividend yield of 0.4%.

Natixis Advisors LLC reduced its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 13.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 12,936 shares of the company's stock after selling 1,927 shares during the period. Natixis Advisors LLC's holdings in Hyatt Hotels were worth $1,585,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Townsquare Capital LLC increased its holdings in shares of Hyatt Hotels by 3.4% in the fourth 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 period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Hyatt Hotels by 5.5% in the first 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 period. Snowden Capital Advisors LLC increased its holdings in shares of Hyatt Hotels by 2.4% in the fourth 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 period. Bernard Wealth Management Corp. purchased a new position in shares of Hyatt Hotels in the fourth quarter worth about $26,000. Finally, State of Michigan Retirement System increased its holdings in shares of Hyatt Hotels by 2.0% in the first 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 period. 73.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on H shares. Barclays reduced their target price on Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a report on Friday. The Goldman Sachs Group boosted their price target on Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price target on Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen raised Hyatt Hotels from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Morgan Stanley dropped their price target on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Hyatt Hotels presently has an average rating of "Moderate Buy" and an average price target of $152.26.

Hyatt Hotels Stock Up 4.2%

H stock traded up $5.65 during trading hours on Tuesday, hitting $140.66. The company's stock had a trading volume of 1,040,721 shares, compared to its average volume of 956,782. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $13.43 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 2.29 and a beta of 1.46. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.20. The stock has a 50 day moving average price of $140.57 and a two-hundred day moving average price of $133.83.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.06. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.59%. During the same period in the prior year, the firm earned $1.53 EPS. On average, equities research analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels's dividend payout ratio is 14.25%.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $135.00, for a total value of $216,000.00. Following the completion of the sale, the director directly owned 37,825 shares of the company's stock, valued at $5,106,375. This represents a 4.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Hotels Corp Hyatt acquired 996,587 shares of the company's stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of $13.50 per share, with a total value of $13,453,924.50. Following the purchase, the insider owned 117,077,441 shares in the company, valued at approximately $1,580,545,453.50. This represents a 0.86% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 371,111 shares of company stock worth $49,273,516. 23.70% of the stock is currently owned by insiders.

Hyatt Hotels Company 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.