Select Equity Group L.P. Trims Position in Hyatt Hotels Co. (NYSE:H)

Select Equity Group L.P. lowered its position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 36.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 371,000 shares of the company's stock after selling 210,115 shares during the quarter. Select Equity Group L.P. owned about 0.39% of Hyatt Hotels worth $58,240,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bamco Inc. NY grew its stake in shares of Hyatt Hotels by 1.2% during the 4th quarter. Bamco Inc. NY now owns 5,550,789 shares of the company's stock valued at $871,363,000 after purchasing an additional 67,385 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Hyatt Hotels by 0.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company's stock valued at $447,376,000 after acquiring an additional 9,477 shares during the period. Principal Financial Group Inc. grew its stake in shares of Hyatt Hotels by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company's stock valued at $422,960,000 after acquiring an additional 46,413 shares during the period. Bank of Nova Scotia grew its stake in shares of Hyatt Hotels by 2.2% during the 4th quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company's stock valued at $269,532,000 after acquiring an additional 37,057 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Hyatt Hotels by 241.4% during the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company's stock valued at $106,677,000 after acquiring an additional 480,523 shares during the period. Hedge funds and other institutional investors own 73.54% of the company's stock.

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 Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now owns 37,927 shares in the company, valued at approximately $5,377,290.06. This represents a 4.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark R. Vondrasek sold 10,000 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the sale, the insider now owns 9,337 shares in the company, valued at approximately $1,090,561.60. This trade represents a 51.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 377,220 shares of company stock valued at $49,921,103. Corporate insiders own 23.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on H shares. Morgan Stanley cut their price objective on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group lowered their price target on Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Barclays boosted their price target on Hyatt Hotels from $122.00 to $127.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. 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 report on Friday, May 2nd. Finally, StockNews.com cut Hyatt Hotels from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Hyatt Hotels presently has a consensus rating of "Hold" and an average target price of $151.17.

Hyatt Hotels Trading Down 1.2%

NYSE:H traded down $1.66 on Tuesday, reaching $132.06. The company's stock had a trading volume of 600,488 shares, compared to its average volume of 688,848. Hyatt Hotels Co. has a 12-month low of $102.43 and a 12-month high of $168.20. 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 firm has a market cap of $12.61 billion, a price-to-earnings ratio of 10.62 and a beta of 1.36. The stock has a 50 day moving average price of $119.05 and a 200 day moving average price of $141.12.

Hyatt Hotels (NYSE:H - Get Free Report) last released 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. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period in the previous year, the company posted $0.71 EPS. On average, equities analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

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

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.