Natixis trimmed its position in shares of Hyatt Hotels Co. (NYSE:H) by 19.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,583 shares of the company’s stock after selling 31,904 shares during the period. Natixis owned approximately 0.12% of Hyatt Hotels worth $9,789,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its holdings in Hyatt Hotels by 2.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 167,666 shares of the company’s stock valued at $12,764,000 after purchasing an additional 3,546 shares during the period. Envestnet Asset Management Inc. lifted its position in Hyatt Hotels by 12.0% in the second quarter. Envestnet Asset Management Inc. now owns 79,281 shares of the company’s stock worth $6,036,000 after purchasing an additional 8,478 shares during the period. YorkBridge Wealth Partners LLC lifted its position in Hyatt Hotels by 41.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,632 shares of the company’s stock worth $118,000 after purchasing an additional 475 shares during the period. BTIM Corp. boosted its stake in Hyatt Hotels by 0.4% during the second quarter. BTIM Corp. now owns 94,660 shares of the company’s stock worth $7,206,000 after buying an additional 350 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new stake in Hyatt Hotels during the second quarter worth $128,000. Institutional investors own 37.54% of the company’s stock.
In related news, insider H. Charles Floyd sold 6,500 shares of Hyatt Hotels stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $78.00, for a total transaction of $507,000.00. Following the transaction, the insider now owns 41,475 shares of the company’s stock, valued at approximately $3,235,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Udell sold 4,337 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $72.06, for a total transaction of $312,524.22. The disclosure for this sale can be found here. Corporate insiders own 24.70% of the company’s stock.
Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.34. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.23 billion. Hyatt Hotels had a return on equity of 6.34% and a net margin of 9.07%. During the same period last year, the company earned $0.72 earnings per share. On average, equities research analysts expect that Hyatt Hotels Co. will post 1.85 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Tuesday, August 27th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Monday, August 26th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 38.38%.
A number of research analysts have commented on H shares. ValuEngine cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st. Raymond James reiterated a “hold” rating on shares of Hyatt Hotels in a research note on Monday, August 12th. BMO Capital Markets reissued a “hold” rating and issued a $25.00 target price on shares of Hyatt Hotels in a report on Monday. Zacks Investment Research downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $85.00 target price for the company. in a research report on Wednesday, July 17th. Finally, Wells Fargo & Co restated a “hold” rating on shares of Hyatt Hotels in a research report on Tuesday, July 23rd. Fifteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $74.01.
About Hyatt Hotels
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
Read More: What does a hold rating mean?
Want to see what other hedge funds are holding H? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyatt Hotels Co. (NYSE:H).
Receive News & Ratings for Hyatt Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels and related companies with MarketBeat.com's FREE daily email newsletter.