Barclays PLC Buys 12,378 Shares of Hyatt Hotels Co. (NYSE:H)

Barclays PLC lifted its position in Hyatt Hotels Co. (NYSE:H) by 27.1% during the 4th quarter, Holdings Channel reports. The firm owned 58,026 shares of the company’s stock after buying an additional 12,378 shares during the quarter. Barclays PLC’s holdings in Hyatt Hotels were worth $9,109,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Townsquare Capital LLC raised its position in Hyatt Hotels by 3.4% in the 4th quarter. Townsquare Capital LLC now owns 2,801 shares of the company’s stock valued at $440,000 after purchasing an additional 92 shares during the last quarter. Qtron Investments LLC bought a new position in shares of Hyatt Hotels in the fourth quarter valued at about $296,000. Sterling Capital Management LLC lifted its position in Hyatt Hotels by 41.7% during the 4th quarter. Sterling Capital Management LLC now owns 2,186 shares of the company’s stock worth $343,000 after buying an additional 643 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in Hyatt Hotels during the 4th quarter worth about $26,000. Finally, Bank of Nova Scotia increased its position in Hyatt Hotels by 2.2% in 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 in the last quarter. 73.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on H. Barclays reduced their target price on shares of Hyatt Hotels from $151.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Tuesday. The Goldman Sachs Group reaffirmed a “sell” rating and set a $110.00 price objective (down previously from $150.00) on shares of Hyatt Hotels in a report on Monday, April 14th. Jefferies Financial Group lowered their target price on Hyatt Hotels from $161.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Susquehanna upped their price target on Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, Macquarie decreased their price target on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $151.83.

Hyatt Hotels Price Performance

Shares of H stock opened at $107.28 on Wednesday. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 8.62 and a beta of 1.35. 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 fifty day moving average of $124.74 and a 200-day moving average of $145.03.

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

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.56%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.82%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels 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 completion of the transaction, the insider now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction that occurred 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 owns 37,927 shares in the company, valued at $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. Over the last quarter, insiders have sold 12,600 shares of company stock valued at $1,517,798. 23.70% of the stock is currently owned by corporate insiders.

Hyatt Hotels Company 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.