Hyatt Hotels Corporation $H Stake Raised by Fiera Capital Corp

Fiera Capital Corp increased its holdings in Hyatt Hotels Corporation (NYSE:H) by 33.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,332 shares of the company’s stock after acquiring an additional 81,308 shares during the period. Fiera Capital Corp’s holdings in Hyatt Hotels were worth $51,997,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of H. Twin Tree Management LP increased its position in Hyatt Hotels by 108.4% in the 4th quarter. Twin Tree Management LP now owns 2,963 shares of the company’s stock worth $475,000 after purchasing an additional 38,363 shares during the last quarter. SouthState Bank Corp increased its position in Hyatt Hotels by 5.3% in the 4th quarter. SouthState Bank Corp now owns 34,941 shares of the company’s stock worth $5,602,000 after purchasing an additional 1,770 shares during the last quarter. Syon Capital LLC acquired a new position in Hyatt Hotels in the 4th quarter worth about $232,000. Los Angeles Capital Management LLC acquired a new position in Hyatt Hotels in the 4th quarter worth about $26,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in Hyatt Hotels by 3.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,355 shares of the company’s stock worth $1,179,000 after purchasing an additional 259 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Performance

H opened at $193.74 on Tuesday. The firm has a market capitalization of $18.24 billion, a P/E ratio of -553.53 and a beta of 1.33. The stock’s 50 day moving average price is $166.49 and its two-hundred day moving average price is $162.48. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels Corporation has a 12-month low of $127.59 and a 12-month high of $196.08.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same quarter last year, the firm posted $0.46 EPS. On average, equities analysts forecast that Hyatt Hotels Corporation will post 3.59 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio (DPR) is -171.43%.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,119 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total value of $195,276.69. Following the sale, the director owned 31,225 shares of the company’s stock, valued at $5,449,074.75. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Cary D. Mcmillan sold 1,119 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total value of $195,780.24. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 237,458 shares of company stock worth $40,093,807. Insiders own 23.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Barclays upped their target price on Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Mizuho upped their target price on Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Sanford C. Bernstein upped their target price on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company upped their target price on Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.40.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.