LPL Financial LLC reduced its stake in shares of Hyatt Hotels Co. (NYSE:H – Get Ratings ) by 7.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,351 shares of the company’s stock after selling 2,395 shares during the quarter. LPL Financial LLC’s holdings in Hyatt Hotels were worth $2,655,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors boosted its stake in shares of Hyatt Hotels by 136.4% in the first quarter. Captrust Financial Advisors now owns 487 shares of the company’s stock valued at $46,000 after buying an additional 281 shares in the last quarter. Castleview Partners LLC acquired a new position in shares of Hyatt Hotels during the fourth quarter worth approximately $60,000. Signaturefd LLC lifted its position in shares of Hyatt Hotels by 121.1% in the fourth quarter. Signaturefd LLC now owns 858 shares of the company’s stock valued at $78,000 after buying an additional 470 shares during the period. MetLife Investment Management LLC purchased a new stake in Hyatt Hotels in the 1st quarter valued at $94,000. Finally, Rockefeller Capital Management LP boosted its holdings in Hyatt Hotels by 389.7% in the third quarter. Rockefeller Capital Management LP now owns 1,239 shares of the company’s stock worth $100,000 after buying an additional 986 shares in the last quarter. 46.89% of the stock is owned by investors.
Insiders Place Their Bets
In other news, insider H. Charles Floyd sold 33,067 shares of the firm’s stock in a transaction that occurred on Thursday, March 9. The stock was sold at a price of $112.51, worth $3,720,368.17. Following the completion of the sale, the shareholder now owns 31,242 shares in the company, valued at $3,515,037.42. The transaction was disclosed in a document issued by the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Mark R. Vondrasek sold 12,119 shares of the stock in a transaction on Monday, March 20th. The stock was sold at a price of $109.08, for a price of $1,321,940.52. Following the sale, the insider now owns 10,817 shares in the company, valued at $1,179,918.36. The transaction was disclosed in a regulatory filing with the SEC, which can be accessed through this hyperlink. Also, insider H. Charles Floyd sold 33,067 shares of the stock in a transaction on Thursday, March 9th. The shares were traded at an average price of $112.51, for a total value of $3,720,368.17. Following the completion of the transaction, the shareholder now owns 31,242 shares in the company, valued at approximately $3,515,037.42. Disclosure of this sale can be found here. Over the last three months, insiders sold 81,567 shares of company stock worth $9,207,060. Company insiders own 21.24% of the company’s stock.
Researchers Set New Price Targets
A number of research analysts have recently weighed in on shares of H. Truist Financial increased their target price on Hyatt Hotels from $132.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 21st. Robert W. Baird upped their price target on Hyatt Hotels from $112.00 to $124.00 in a research report on Tuesday, March 7th. StockNews.com began coverage on Hyatt Hotels in a research report on Thursday. They gave a “hold” rating on the stock. TheStreet upgraded Hyatt Hotels from a “c” rating to a “b” rating in a research report on Monday, March 20th. Finally, Barclays cut Hyatt Hotels from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $130.00. up to $125.00 for research articles on Thursday, March 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a price target of $121.88.
Hyatt Hotels Sales Down 1.4%
H opened at $113.58 on Friday. The fifty day moving average is $111.91 and the two hundred day moving average is $105.91. The company has a market cap of $12.01 billion, a P/E ratio of 21.35, a PEG ratio of 14.90 and a beta of 1.36. The concept of the company Hyatt Hotels Co., Ltd. it has a 52-week low of $70.12 and a 52-week high of $125.07. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt ratio of 0.66.
Hyatt Hotels (NYSE:H – Get Rating ) last announced its earnings results on Thursday, May 4. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). The cost of Hyatt Hotels was 12.34% and 9.31%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.59 billion. In the same quarter last year, the company earned ($0.33) per share. Experts predict that Hyatt Hotels Co. has paid 2.56 shares per share.
Company proposal Hyatt Hotels Dividend
The company also recently announced — a dividend, which will be paid on Monday, June 12. Investors of record on Tuesday, May 30th will be given a dividend of $0.15. The ex-dividend date is Friday, May 26. The company Hyatt Hotels Limited gave a dividend of 11.28 %.
More on Hyatt Hotels
Opinions of the company Hyatt Hotels Corp. engages in the development and management of hotels and resorts. It operates in the following segments: Hotels with Tenants, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group. The Owned and Leased Hotels segment provides hospitality and hotel services.
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