Alliancebernstein L.P. Lowers Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Alliancebernstein L.P. lessened its stake in shares of Hyatt Hotels Co. (NYSE:H) by 6.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 508,901 shares of the company’s stock after selling 32,896 shares during the period. Alliancebernstein L.P.’s holdings in Hyatt Hotels were worth $79,887,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its stake in Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after buying an additional 104 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in shares of Hyatt Hotels during the third quarter valued at approximately $51,000. Venturi Wealth Management LLC raised its holdings in Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after acquiring an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Hyatt Hotels by 31.9% in the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after acquiring an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on H. Susquehanna boosted 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 target price on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Mizuho reduced their price target on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Morgan Stanley dropped their target price on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 4th. Finally, Barclays decreased their target price on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $161.97.

Hyatt Hotels Stock Down 7.6 %

NYSE H opened at $115.33 on Friday. Hyatt Hotels Co. has a 52 week low of $114.02 and a 52 week 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 company has a market capitalization of $11.09 billion, a P/E ratio of 9.27 and a beta of 1.35. The stock’s 50-day moving average price is $139.64 and its 200-day moving average price is $149.54.

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

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s dividend payout ratio is currently 4.82%.

Hyatt Hotels Profile

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.