Nicola Wealth Management LTD. Has $18.29 Million Position in Hyatt Hotels Co. (NYSE:H)

Nicola Wealth Management LTD. reduced its holdings in Hyatt Hotels Co. (NYSE:H) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 116,500 shares of the company’s stock after selling 12,000 shares during the period. Hyatt Hotels accounts for about 1.9% of Nicola Wealth Management LTD.’s portfolio, making the stock its 18th largest holding. Nicola Wealth Management LTD. owned about 0.12% of Hyatt Hotels worth $18,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after buying an additional 7,440 shares during the last quarter. TT International Asset Management LTD acquired a new stake in Hyatt Hotels in the 4th quarter valued at $5,283,000. Assetmark Inc. increased its stake in shares of Hyatt Hotels by 162.2% during the 3rd quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock worth $7,464,000 after purchasing an additional 30,339 shares during the last quarter. Bamco Inc. NY increased its stake in shares of Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after purchasing an additional 68,608 shares during the last quarter. Finally, Icon Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 130,724 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Stock Performance

NYSE H opened at $139.96 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $13.46 billion, a P/E ratio of 11.25 and a beta of 1.48. Hyatt Hotels Co. has a 12-month low of $128.91 and a 12-month high of $168.20. The firm has a 50-day moving average price of $153.17 and a two-hundred day moving average price of $152.91.

Hyatt Hotels (NYSE:H) last posted 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 business 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 period in the prior year, the firm earned $0.64 EPS. Analysts anticipate that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on H shares. Jefferies Financial Group boosted their price objective on shares of Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Susquehanna boosted 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. Wells Fargo & Company lowered their price objective on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley lowered their price objective on shares of 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. Finally, Truist Financial boosted their price objective on shares of Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $162.55.

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.