Picton Mahoney Asset Management Trims Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Picton Mahoney Asset Management trimmed its position in Hyatt Hotels Co. (NYSE:H) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,730 shares of the company’s stock after selling 160 shares during the period. Picton Mahoney Asset Management’s holdings in Hyatt Hotels were worth $1,685,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Hyatt Hotels by 1.0% in the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after acquiring an additional 7,440 shares in the last quarter. TT International Asset Management LTD bought a new position in shares of Hyatt Hotels during the fourth quarter valued at $5,283,000. Bamco Inc. NY lifted its holdings in shares of Hyatt Hotels by 1.3% during the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after purchasing an additional 68,608 shares in the last quarter. Icon Wealth Advisors LLC lifted its holdings in shares of Hyatt Hotels by 17,641.6% during the third quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after purchasing an additional 130,724 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of Hyatt Hotels during the third quarter valued at $4,520,000. 73.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

H has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Evercore ISI raised Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price target on the stock in a report on Wednesday, March 5th. Morgan Stanley lowered their target price on Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 4th. Mizuho lowered their target price on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Finally, Susquehanna increased their target price on Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $162.24.

Hyatt Hotels Stock Performance

Shares of H opened at $122.28 on Friday. 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 business has a 50-day simple moving average of $148.28 and a two-hundred day simple moving average of $151.90. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of 9.83 and a beta of 1.51. Hyatt Hotels Co. has a 52 week low of $119.30 and a 52 week high of $168.20.

Hyatt Hotels (NYSE:H) last released its 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 for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the business posted $0.64 EPS. On average, analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

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

Insider Buying and Selling

In related news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction dated Monday, March 3rd. The stock was 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 approximately $5,377,290.06. This trade represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.50% of the stock is currently owned by company insiders.

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.