Hyatt Hotels Corporation $H Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia trimmed its position in shares of Hyatt Hotels Corporation (NYSE:H) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,561,510 shares of the company’s stock after selling 184,800 shares during the period. Bank of Nova Scotia’s holdings in Hyatt Hotels were worth $221,625,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in H. Bamco Inc. NY boosted its holdings in Hyatt Hotels by 2.9% in the second quarter. Bamco Inc. NY now owns 5,955,212 shares of the company’s stock valued at $831,645,000 after acquiring an additional 166,249 shares during the last quarter. Principal Financial Group Inc. increased its stake in Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after acquiring an additional 843,121 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Hyatt Hotels by 7.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,159,562 shares of the company’s stock worth $448,437,000 after purchasing an additional 211,112 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Hyatt Hotels by 24.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock worth $392,548,000 after purchasing an additional 545,003 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Hyatt Hotels by 84.5% in the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after purchasing an additional 562,611 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Trading Down 2.9%

H opened at $139.38 on Friday. The firm’s 50 day moving average is $162.35 and its 200-day moving average is $154.93. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $180.53. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $13.17 billion, a P/E ratio of -248.89, a P/E/G ratio of 1.72 and a beta of 1.22.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the firm earned $0.42 earnings per share. Analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.15 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is currently -107.14%.

Insider Activity

In other news, insider Javier Aguila sold 9,548 shares of Hyatt Hotels stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the sale, the insider directly owned 2,684 shares of the company’s stock, valued at approximately $445,195.08. The trade was a 78.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 23.70% of the company’s stock.

Wall Street Analyst Weigh In

H has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, December 29th. Stifel Nicolaus boosted their price objective on shares of Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a research note on Wednesday, December 31st. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Mizuho lifted their target price on shares of Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.80.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.