Swedbank AB Trims Stock Holdings in Hyatt Hotels Corporation $H

Key Points

• Swedbank AB cut its Hyatt Hotels stake by 35.6% in the fourth quarter, selling 8,637 shares and ending with 15,648 shares valued at about $2.5 million.
• Analysts remain broadly positive on Hyatt, with Truist and others lifting price targets and the consensus rating staying at Moderate Buy with an average target of $185.50.
• Hyatt posted solid quarterly results, reporting EPS of $0.63 and revenue of $1.75 billion, both slightly ahead of estimates, even as recent insider selling may weigh on sentiment.

Swedbank AB reduced its stake in Hyatt Hotels Corporation (NYSE:H - Free Report) by 35.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,648 shares of the company's stock after selling 8,637 shares during the period. Swedbank AB's holdings in Hyatt Hotels were worth $2,509,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in Hyatt Hotels by 21.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company's stock valued at $669,221,000 after acquiring an additional 843,121 shares in the last quarter. Bank of America Corp DE grew its position in Hyatt Hotels by 84.5% in the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company's stock valued at $171,545,000 after acquiring an additional 562,611 shares in the last quarter. Par Capital Management Inc. grew its position in Hyatt Hotels by 551.8% in the 2nd quarter. Par Capital Management Inc. now owns 371,261 shares of the company's stock valued at $51,847,000 after acquiring an additional 314,300 shares in the last quarter. SG Americas Securities LLC grew its position in Hyatt Hotels by 2,577.7% in the 4th quarter. SG Americas Securities LLC now owns 233,040 shares of the company's stock valued at $37,361,000 after acquiring an additional 224,337 shares in the last quarter. Finally, Candlestick Capital Management LP grew its position in Hyatt Hotels by 53.9% in the 3rd quarter. Candlestick Capital Management LP now owns 631,290 shares of the company's stock valued at $89,599,000 after acquiring an additional 221,039 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Key Hyatt Hotels News

Here are the key news stories impacting Hyatt Hotels this week:

• Positive Sentiment: Truist Financial raised its price target on Hyatt Hotels to $187 from $181 and reiterated a buy rating, reinforcing the view that the stock still has room to run. Article Title
• Positive Sentiment: Several analysts remain constructive on Hyatt, with Sanford C. Bernstein lifting its target to $202 and the broader consensus still sitting at Moderate Buy, which supports investor optimism. Article Title
• Neutral Sentiment: Hyatt continues to show solid recent operating momentum after reporting Q1 EPS of $0.63, ahead of estimates, and revenue of $1.75 billion, also slightly above expectations. Article Title
• Neutral Sentiment: Institutional investors such as Goldman Sachs and UBS AM increased holdings in Hyatt, suggesting ongoing support from large shareholders. Article Title
• Negative Sentiment: Director Susan Kronick sold 1,119 shares, and Director Cary D. Mcmillan also sold 1,119 shares; although both trades were made under pre-arranged 10b5-1 plans, insider selling can still weigh on sentiment. Article Title

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $183.46 on Thursday. Hyatt Hotels Corporation has a one year low of $127.54 and a one year high of $183.71. The company has a market cap of $17.27 billion, a PE ratio of -524.17 and a beta of 1.33. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. The business has a 50-day simple moving average of $159.83 and a 200-day simple moving average of $160.59.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company posted $0.46 earnings per share. On average, equities research analysts forecast that Hyatt Hotels Corporation will post 3.48 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. Hyatt Hotels's payout ratio is currently -171.43%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on H. Wells Fargo & Company lifted their target price on Hyatt Hotels from $167.00 to $171.00 and gave the company an "equal weight" rating in a research report on Friday, February 13th. JPMorgan Chase & Co. lifted their target price on Hyatt Hotels from $181.00 to $186.00 and gave the company an "overweight" rating in a research report on Tuesday, May 5th. Wall Street Zen raised Hyatt Hotels from a "sell" rating to a "hold" rating in a research report on Saturday, May 23rd. Citigroup lifted their target price on Hyatt Hotels from $167.00 to $195.00 and gave the company a "buy" rating in a research report on Wednesday, February 18th. Finally, Truist Financial lifted their target price on Hyatt Hotels from $181.00 to $187.00 and gave the company a "buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $185.50.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Kinsey Wolf sold 400 shares of the business's stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $147.28, for a total transaction of $58,912.00. Following the completion of the transaction, the insider directly owned 545 shares of the company's stock, valued at approximately $80,267.60. The trade was a 42.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of the business's stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $167.75, for a total value of $35,803,553.50. Following the transaction, the insider directly owned 213,434 shares of the company's stock, valued at approximately $35,803,553.50. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 225,154 shares of company stock valued at $37,804,562. 23.60% of the stock is currently owned by company insiders.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation NYSE: H is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt's business model combines property ownership, management contracts and third-party franchising.

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