4,666 Hyatt Hotels Corporation $H Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC grew its stake in Hyatt Hotels Corporation (NYSE:H) by 14.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,612 shares of the company’s stock after purchasing an additional 4,666 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Hyatt Hotels were worth $5,805,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Flynn Zito Capital Management LLC boosted its stake in shares of Hyatt Hotels by 20.6% during the 3rd quarter. Flynn Zito Capital Management LLC now owns 1,833 shares of the company’s stock valued at $291,000 after purchasing an additional 313 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Hyatt Hotels by 0.5% during the third quarter. Retirement Systems of Alabama now owns 104,371 shares of the company’s stock valued at $16,549,000 after buying an additional 471 shares during the period. Fulcrum Asset Management LLP purchased a new position in shares of Hyatt Hotels during the third quarter valued at about $42,000. Allspring Global Investments Holdings LLC increased its position in shares of Hyatt Hotels by 20.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 287,364 shares of the company’s stock valued at $46,248,000 after buying an additional 47,977 shares during the period. Finally, Pictet Asset Management Holding SA raised its stake in Hyatt Hotels by 1,178.6% in the third quarter. Pictet Asset Management Holding SA now owns 247,954 shares of the company’s stock worth $39,316,000 after buying an additional 228,561 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Stock Performance

Shares of H stock opened at $191.20 on Wednesday. The company’s fifty day moving average price is $167.38 and its 200-day moving average price is $170.55. The stock has a market cap of $17.86 billion, a PE ratio of 99.07, a price-to-earnings-growth ratio of 1.46 and a beta of 1.37. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.05. Hyatt Hotels Corporation has a 12 month low of $137.53 and a 12 month high of $206.86.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.51. Hyatt Hotels had a net margin of 2.62% and a return on equity of 11.63%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the business earned ($0.30) EPS. Hyatt Hotels’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities analysts expect that Hyatt Hotels Corporation will post 3.76 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Monday, November 23rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, November 23rd. Hyatt Hotels’s dividend payout ratio is 31.09%.

Insider Buying and Selling

In other news, insider Amar Lalvani sold 1,364 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $163.06, for a total value of $222,413.84. Following the sale, the insider directly owned 4,894 shares of the company’s stock, valued at $798,015.64. The trade was a 21.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Susan D. Kronick sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.88, for a total value of $305,796.00. Following the completion of the sale, the director directly owned 29,525 shares in the company, valued at approximately $5,310,957. This represents a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on H shares. Morgan Stanley raised their price objective on shares of Hyatt Hotels from $211.00 to $224.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. reduced their target price on Hyatt Hotels from $207.00 to $206.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Susquehanna reduced their target price on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $215.00 target price on shares of Hyatt Hotels in a research report on Friday, October 30th. Finally, Wolfe Research initiated coverage on Hyatt Hotels in a research note on Wednesday, September 2nd. They issued an “outperform” rating and a $203.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.62.

About Hyatt Hotels

Hyatt Hotels Corporation is a global hospitality company that develops, owns, leases, manages and franchises hotels, resorts and other lodging properties. Its portfolio includes luxury, lifestyle, full-service, select-service and all-inclusive brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt Place, Andaz, Thompson Hotels and the Inclusive Collection. Hyatt properties serve guests across the Americas, Europe, Asia Pacific, the Middle East and Africa. In addition to accommodations, the company’s offerings include dining, wellness, meetings and events, residential properties and vacation ownership.