Quantbot Technologies LP Buys 22,147 Shares of Hyatt Hotels Co. (NYSE:H)

Quantbot Technologies LP grew its stake in Hyatt Hotels Co. (NYSE:H) by 160.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,933 shares of the company’s stock after acquiring an additional 22,147 shares during the period. Quantbot Technologies LP’s holdings in Hyatt Hotels were worth $5,469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after purchasing an additional 162,562 shares during the period. Fiera Capital Corp grew its holdings in Hyatt Hotels by 1.2% during the second quarter. Fiera Capital Corp now owns 574,045 shares of the company’s stock worth $87,209,000 after purchasing an additional 6,896 shares during the period. Dimensional Fund Advisors LP grew its holdings in Hyatt Hotels by 10.6% during the second quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company’s stock worth $73,822,000 after purchasing an additional 46,574 shares during the period. Bank of New York Mellon Corp grew its holdings in Hyatt Hotels by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company’s stock worth $71,371,000 after purchasing an additional 20,997 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in Hyatt Hotels by 9.0% during the third quarter. Handelsbanken Fonder AB now owns 354,900 shares of the company’s stock worth $54,016,000 after purchasing an additional 29,300 shares during the period. Institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Stock Down 2.5 %

Shares of H opened at $156.36 on Wednesday. The firm has a 50 day simple moving average of $153.19 and a two-hundred day simple moving average of $149.40. The company has a market cap of $15.02 billion, a P/E ratio of 11.78 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. Hyatt Hotels Co. has a one year low of $112.85 and a one year high of $162.24.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the prior year, the business earned $0.70 earnings per share. Research analysts forecast that Hyatt Hotels Co. will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Truist Financial reduced their price objective on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a report on Friday, November 1st. The Goldman Sachs Group assumed coverage on Hyatt Hotels in a report on Wednesday, September 18th. They set a “neutral” rating and a $151.00 price objective for the company. Bank of America boosted their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. HSBC cut Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price objective for the company. in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $151.88.

Insider Transactions at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the sale, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. This represents a 7.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares of the company’s stock, valued at $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 23.50% of the company’s stock.

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.