Lingotto Investment Management LLP Buys 3,355 Shares of Hyatt Hotels Co. (NYSE:H)

Lingotto Investment Management LLP increased its position in Hyatt Hotels Co. (NYSE:H) by 10.5% during the 4th quarter, Holdings Channel reports. The firm owned 35,221 shares of the company’s stock after acquiring an additional 3,355 shares during the quarter. Lingotto Investment Management LLP’s holdings in Hyatt Hotels were worth $5,529,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of H. Versant Capital Management Inc raised its holdings in shares of Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock valued at $32,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. increased its holdings in 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 period. Blue Trust Inc. raised its stake in Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after buying an additional 213 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in Hyatt Hotels during the 3rd quarter valued at $51,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after acquiring an additional 300 shares during the period. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on H. Truist Financial upped their price objective on Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. StockNews.com lowered shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. HSBC downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price objective on the stock. in a research report on Friday, November 1st. Mizuho decreased their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Finally, Robert W. Baird cut their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $162.55.

Hyatt Hotels Trading Up 0.5 %

Shares of NYSE:H opened at $138.72 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a 52-week low of $128.91 and a 52-week high of $168.20. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 11.15 and a beta of 1.48. The business has a 50-day moving average price of $154.45 and a 200-day moving average price of $152.84.

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

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Hyatt Hotels’s payout ratio is 4.82%.

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.