Oddo BHF Asset Management Sas Makes New $1.73 Million Investment in Hyatt Hotels Co. (NYSE:H)

Oddo BHF Asset Management Sas purchased a new position in Hyatt Hotels Co. (NYSE:H) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,352 shares of the company’s stock, valued at approximately $1,728,000.

Several other hedge funds have also modified their holdings of the stock. Synovus Financial Corp increased its position in shares of Hyatt Hotels by 15.4% in the 3rd quarter. Synovus Financial Corp now owns 3,492 shares of the company’s stock valued at $531,000 after purchasing an additional 467 shares during the last quarter. Tidal Investments LLC purchased a new position in Hyatt Hotels in the third quarter valued at $273,000. World Investment Advisors LLC purchased a new stake in Hyatt Hotels during the 3rd quarter worth about $4,520,000. Sanctuary Advisors LLC boosted its position in shares of Hyatt Hotels by 30.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,278 shares of the company’s stock worth $825,000 after acquiring an additional 1,244 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Hyatt Hotels in the 3rd quarter valued at about $1,048,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on H shares. Mizuho dropped their target price on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company cut their target price on Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Morgan Stanley dropped their price target on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. The Goldman Sachs Group boosted their price objective on Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Truist Financial lowered their target price on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $152.88.

Hyatt Hotels Stock Down 0.3 %

H stock opened at $159.09 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The company’s 50 day simple moving average is $154.99 and its 200-day simple moving average is $150.34. Hyatt Hotels Co. has a 12 month low of $124.40 and a 12 month high of $168.20. The firm has a market capitalization of $15.28 billion, a PE ratio of 11.99 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter last year, the company earned $0.70 earnings per share. Equities analysts expect that Hyatt Hotels Co. will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now directly owns 5,798 shares in the company, valued at $927,622.02. This represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.