American Century Companies Inc. Sells 545 Shares of Hyatt Hotels Co. (NYSE:H)

American Century Companies Inc. reduced its position in Hyatt Hotels Co. (NYSE:H) by 4.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,865 shares of the company’s stock after selling 545 shares during the period. American Century Companies Inc.’s holdings in Hyatt Hotels were worth $1,954,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of H. O Shaughnessy Asset Management LLC grew its stake in shares of Hyatt Hotels by 1.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock worth $1,042,000 after buying an additional 70 shares during the last quarter. Red Spruce Capital LLC increased its position in shares of Hyatt Hotels by 0.7% during the second quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock worth $2,126,000 after acquiring an additional 92 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Hyatt Hotels by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $1,945,000 after acquiring an additional 100 shares in the last quarter. AdvisorShares Investments LLC increased its stake in Hyatt Hotels by 23.9% in the 2nd quarter. AdvisorShares Investments LLC now owns 559 shares of the company’s stock valued at $83,000 after buying an additional 108 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Hyatt Hotels by 17.6% during the second quarter. GAMMA Investing LLC now owns 767 shares of the company’s stock worth $117,000 after acquiring an additional 115 shares during the period. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on H shares. Evercore ISI lowered their price target on shares of Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 7th. Morgan Stanley decreased their price objective on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $148.21.

Hyatt Hotels Stock Performance

NYSE:H opened at $158.35 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. Hyatt Hotels Co. has a 1-year low of $96.77 and a 1-year high of $162.24. The firm has a 50-day moving average of $146.19 and a two-hundred day moving average of $149.68. The stock has a market cap of $16.02 billion, a P/E ratio of 24.59 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the business earned $0.82 earnings per share. On average, research analysts expect that Hyatt Hotels Co. will post 3.95 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio is 9.32%.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the sale, the insider now owns 623,556 shares in the company, valued at approximately $93,389,982.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 23.50% of the company’s stock.

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.