Sequoia Financial Advisors LLC Sells 209 Shares of Hyatt Hotels Co. (NYSE:H)

Sequoia Financial Advisors LLC cut its holdings in Hyatt Hotels Co. (NYSE:H) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,166 shares of the company’s stock after selling 209 shares during the period. Sequoia Financial Advisors LLC’s holdings in Hyatt Hotels were worth $497,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of H. Raymond James Financial Inc. bought a new stake in shares of Hyatt Hotels during the fourth quarter valued at about $77,136,000. Icon Wealth Advisors LLC increased its holdings in Hyatt Hotels by 17,641.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock worth $20,009,000 after acquiring an additional 130,724 shares during the period. KBC Group NV lifted its stake in Hyatt Hotels by 978.3% in the 4th quarter. KBC Group NV now owns 108,966 shares of the company’s stock worth $17,106,000 after purchasing an additional 98,861 shares in the last quarter. Bamco Inc. NY boosted its holdings in Hyatt Hotels by 1.3% in the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after purchasing an additional 68,608 shares during the period. Finally, Worldquant Millennium Advisors LLC grew its position in shares of Hyatt Hotels by 87.2% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 140,805 shares of the company’s stock valued at $21,431,000 after purchasing an additional 65,577 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, the director now owns 37,927 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Up 3.6 %

Shares of Hyatt Hotels stock opened at $126.59 on Tuesday. The company’s 50 day moving average price is $147.74 and its 200-day moving average price is $151.78. Hyatt Hotels Co. has a 52-week low of $119.30 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. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 10.18 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations 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 previous year, the firm posted $0.64 EPS. Equities research analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.47%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.82%.

Wall Street Analysts Forecast Growth

H has been the subject of several research analyst reports. Robert W. Baird dropped their price objective on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Morgan Stanley dropped their price target on Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. Evercore ISI upgraded shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research report on Wednesday, March 5th. Susquehanna lifted their target price on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Finally, Truist Financial increased their price target on shares of Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $162.24.

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.