Legal & General Group Plc Purchases 34,434 Shares of Hyatt Hotels Corporation $H

Legal & General Group Plc grew its position in shares of Hyatt Hotels Corporation (NYSE:H) by 8.1% in the fourth quarter, Holdings Channel reports. The fund owned 457,680 shares of the company’s stock after buying an additional 34,434 shares during the quarter. Legal & General Group Plc’s holdings in Hyatt Hotels were worth $73,375,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Johnson Financial Group Inc. boosted its position in shares of Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after acquiring an additional 144 shares during the last quarter. Ares Financial Consulting LLC purchased a new stake in Hyatt Hotels during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC raised its holdings in Hyatt Hotels by 98.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after buying an additional 107 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Hyatt Hotels during the 4th quarter valued at $37,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Hyatt Hotels during the 3rd quarter valued at $34,000. 73.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Kinsey Wolf sold 400 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total value of $58,912.00. Following the sale, the insider owned 545 shares in the company, valued at $80,267.60. This trade represents a 42.33% 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, Director Susan D. Kronick sold 1,119 shares of the stock in a transaction 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 completion of the sale, the director owned 31,225 shares in the company, valued at approximately $5,449,074.75. The trade was a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 225,154 shares of company stock valued at $37,804,562. Insiders own 23.60% of the company’s stock.

Hyatt Hotels Stock Performance

H stock opened at $181.17 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The business’s fifty day simple moving average is $161.30 and its two-hundred day simple moving average is $160.94. Hyatt Hotels Corporation has a twelve month low of $127.54 and a twelve month high of $188.50. The firm has a market cap of $17.06 billion, a price-to-earnings ratio of -517.62 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm posted $0.46 earnings per share. Analysts predict that Hyatt Hotels Corporation will post 3.46 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

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 paid a $0.15 dividend. The ex-dividend date 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 presently -171.43%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Citigroup increased their price target on Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Sanford C. Bernstein increased their price target on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Barclays increased their price target on Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Truist Financial increased their price target on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $188.00.

About Hyatt Hotels

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.