Thrivent Financial for Lutherans Sells 604 Shares of Hyatt Hotels Co. (NYSE:H)

Thrivent Financial for Lutherans lowered its position in Hyatt Hotels Co. (NYSE:H) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,951 shares of the company’s stock after selling 604 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Hyatt Hotels were worth $1,562,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of H. Daiwa Securities Group Inc. boosted its position in shares of Hyatt Hotels by 12.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock valued at $533,000 after acquiring an additional 400 shares in the last quarter. Townsquare Capital LLC lifted its stake in Hyatt Hotels by 15.7% during the third quarter. Townsquare Capital LLC now owns 2,709 shares of the company’s stock worth $412,000 after purchasing an additional 367 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Hyatt Hotels by 2,087.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,500 shares of the company’s stock valued at $2,664,000 after purchasing an additional 16,700 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Hyatt Hotels by 12.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 241,011 shares of the company’s stock valued at $36,682,000 after purchasing an additional 26,985 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Hyatt Hotels in the 3rd quarter worth approximately $605,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Truist Financial reduced their target price on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Robert W. Baird dropped their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Mizuho reduced their price target on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Finally, Susquehanna upped their price objective on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Hyatt Hotels has an average rating of “Hold” and an average target price of $161.97.

Hyatt Hotels Stock Down 2.6 %

NYSE:H opened at $121.50 on Monday. The stock’s fifty day moving average price is $142.39 and its two-hundred day moving average price is $150.28. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 9.77 and a beta of 1.51. Hyatt Hotels Co. has a 52-week low of $116.13 and a 52-week high of $168.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83.

Hyatt Hotels (NYSE:H) last posted its quarterly 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). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter in the prior year, the business earned $0.64 EPS. On average, analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders 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 4.82%.

Insider Buying and Selling

In related news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction on 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 directly owns 37,927 shares of the company’s stock, valued at $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark R. Vondrasek sold 10,000 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the completion of the sale, the insider now owns 9,337 shares of the company’s stock, valued at $1,090,561.60. This represents a 51.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,600 shares of company stock valued at $1,517,798 over the last ninety days. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Company 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.