Vident Advisory LLC Has $1.04 Million Stock Position in Hyatt Hotels Co. (NYSE:H)

Vident Advisory LLC lessened its stake in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 29.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,615 shares of the company's stock after selling 2,816 shares during the quarter. Vident Advisory LLC's holdings in Hyatt Hotels were worth $1,038,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Twinbeech Capital LP purchased a new position in Hyatt Hotels during the 4th quarter worth approximately $9,341,000. Tidal Investments LLC boosted its holdings in Hyatt Hotels by 153.1% in the 4th quarter. Tidal Investments LLC now owns 4,541 shares of the company's stock valued at $713,000 after purchasing an additional 2,747 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Hyatt Hotels by 5.2% in the fourth quarter. Toronto Dominion Bank now owns 6,056 shares of the company's stock valued at $951,000 after buying an additional 301 shares in the last quarter. Snowden Capital Advisors LLC grew its stake in shares of 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 purchasing an additional 116 shares during the period. Finally, Polar Capital Holdings Plc increased its holdings in Hyatt Hotels by 16.9% in the fourth quarter. Polar Capital Holdings Plc now owns 128,305 shares of the company's stock valued at $20,141,000 after buying an additional 18,554 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

Hyatt Hotels Stock Up 3.7%

Shares of Hyatt Hotels stock traded up $4.69 during trading hours on Tuesday, hitting $132.04. 1,289,905 shares of the company's stock traded hands, compared to its average volume of 696,351. Hyatt Hotels Co. has a twelve month low of $102.43 and a twelve month high of $168.20. The company has a market cap of $12.60 billion, a PE ratio of 10.61 and a beta of 1.36. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The stock has a 50 day simple moving average of $119.53 and a 200-day simple moving average of $140.38.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the firm earned $0.71 EPS. Equities research analysts anticipate that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Thursday, May 29th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.45%. Hyatt Hotels's payout ratio is 7.79%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Jnp 2010-Pg Trust sold 266,793 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total value of $35,416,770.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the sale, the director now directly owns 37,927 shares of the company's stock, valued at approximately $5,377,290.06. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 377,220 shares of company stock valued at $49,921,103. 23.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Macquarie dropped their target price on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Susquehanna increased their price target on Hyatt Hotels from $150.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Truist Financial lowered their price objective on Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Stifel Nicolaus reduced their target price 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. Finally, Robert W. Baird lowered their price target on Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $151.17.

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.