Sciencast Management LP Takes Position in Hyatt Hotels Co. (NYSE:H)

Sciencast Management LP acquired a new stake in shares of Hyatt Hotels Co. (NYSE:H) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,752 shares of the company’s stock, valued at approximately $275,000.

Other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in Hyatt Hotels by 4.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 28,689 shares of the company’s stock valued at $4,503,000 after acquiring an additional 1,154 shares during the period. Whittier Trust Co. boosted its holdings in Hyatt Hotels by 3.5% during the 4th quarter. Whittier Trust Co. now owns 59,004 shares of the company’s stock valued at $9,262,000 after acquiring an additional 1,991 shares during the period. iA Global Asset Management Inc. boosted its holdings in Hyatt Hotels by 452.7% during the 4th quarter. iA Global Asset Management Inc. now owns 1,868 shares of the company’s stock valued at $293,000 after acquiring an additional 1,530 shares during the period. Xponance Inc. boosted its holdings in Hyatt Hotels by 12.1% during the 4th quarter. Xponance Inc. now owns 8,493 shares of the company’s stock valued at $1,333,000 after acquiring an additional 916 shares during the period. Finally, Kensington Investment Counsel LLC boosted its holdings in Hyatt Hotels by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company’s stock valued at $2,136,000 after acquiring an additional 95 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Stock Down 1.8 %

H stock opened at $121.68 on Monday. Hyatt Hotels Co. has a twelve month low of $116.13 and a twelve 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 $11.70 billion, a PE ratio of 9.78 and a beta of 1.51. The business has a 50 day moving average of $145.42 and a 200 day moving average of $151.02.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the business earned $0.64 EPS. On average, research analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s payout ratio is 4.82%.

Insiders Place Their Bets

In related news, insider Kinsey Wolf sold 1,000 shares of Hyatt Hotels stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the sale, the insider now owns 811 shares of the company’s stock, valued at $99,712.45. The trade was a 55.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the completion of the sale, the insider now directly owns 9,337 shares of the company’s stock, valued at $1,090,561.60. The trade was a 51.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,600 shares of company stock valued at $1,517,798. Corporate insiders own 23.50% of the company’s stock.

Analyst Ratings Changes

H has been the subject of several research analyst reports. Truist Financial dropped their price objective on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a report on Friday. Macquarie dropped their price objective on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Susquehanna increased their price objective on Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Robert W. Baird dropped their price objective on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, Stifel Nicolaus increased their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $161.97.

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.