Quantbot Technologies LP Sells 15,458 Shares of Hyatt Hotels Corporation $H

Key Points

• Quantbot Technologies LP has significantly decreased its stake in Hyatt Hotels, selling 15,458 shares and now holding just 3,535 shares valued at approximately $433,000.
• Hyatt Hotels recently announced a quarterly dividend of $0.15 per share, which will be paid on September 10th, indicating a dividend yield of 0.4%.
• Wall Street analysts have mixed ratings for Hyatt Hotels, with target prices ranging from $123.00 to $165.00, reflecting varying sentiments on the stock's performance.

Quantbot Technologies LP decreased its position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 81.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,535 shares of the company's stock after selling 15,458 shares during the quarter. Quantbot Technologies LP's holdings in Hyatt Hotels were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Bamco Inc. NY grew its holdings in shares of Hyatt Hotels by 1.2% during the fourth quarter. Bamco Inc. NY now owns 5,550,789 shares of the company's stock valued at $871,363,000 after buying an additional 67,385 shares during the last quarter. 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 valued at $480,260,000 after buying an additional 21,190 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hyatt Hotels by 16.4% during 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 last quarter. Bank of Nova Scotia grew its holdings in shares of Hyatt Hotels by 9.3% during 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 last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Hyatt Hotels by 6.9% during 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 last quarter. Hedge funds and other institutional investors own 73.54% of the company's stock.

Insider Activity at Hyatt Hotels

In related 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 owned 498 shares in the company, valued at $66,084.60. This trade represents a 66.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David Udell sold 3,891 shares of Hyatt Hotels stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $134.03, for a total transaction of $521,510.73. Following the sale, the insider owned 16,756 shares of the company's stock, valued at $2,245,806.68. The trade was a 18.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,491 shares of company stock worth $870,211. Corporate insiders own 23.70% of the company's stock.

Hyatt Hotels Trading Down 0.9%

Shares of Hyatt Hotels stock traded down $1.28 during trading on Friday, hitting $144.12. The stock had a trading volume of 685,727 shares, compared to its average volume of 1,062,555. The firm's fifty day simple moving average is $143.13 and its 200-day simple moving average is $132.29. The stock has a market cap of $13.76 billion, a PE ratio of 34.23, a PEG ratio of 2.26 and a beta of 1.46. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results 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 firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. During the same quarter last year, the business earned $1.53 EPS. As a group, sell-side analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be issued a dividend of $0.15 per share. The ex-dividend date 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 (DPR) is presently 14.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on H shares. Truist Financial cut their price target on shares of Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Wall Street Zen downgraded shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. Raymond James Financial upgraded shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price objective on the stock in a research report on Tuesday, July 1st. Finally, Robert W. Baird increased their price objective on shares of Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hyatt Hotels presently has an average rating of "Moderate Buy" and an average target price of $150.83.

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.