Cbre Investment Management Listed Real Assets LLC Cuts Holdings in Hyatt Hotels Co. (NYSE:H) (2024)

Cbre Investment Management Listed Real Assets LLC lessened its stake in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,541 shares of the company's stock after selling 38,581 shares during the period. Cbre Investment Management Listed Real Assets LLC's holdings in Hyatt Hotels were worth $5,026,000 at the end of the most recent reporting period.

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A number of other large investors also recently made changes to their positions in H. Procyon Advisors LLC grew its stake in shares of Hyatt Hotels by 3.8% in the 4th quarter. Procyon Advisors LLC now owns 2,627 shares of the company's stock valued at $343,000 after buying an additional 96 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Hyatt Hotels by 49.8% in the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company's stock valued at $50,000 after buying an additional 127 shares in the last quarter. New York Life Investment Management LLC grew its stake in shares of Hyatt Hotels by 1.7% in the 4th quarter. New York Life Investment Management LLC now owns 8,189 shares of the company's stock valued at $1,068,000 after buying an additional 134 shares in the last quarter. Red Spruce Capital LLC grew its stake in shares of Hyatt Hotels by 1.0% in the 4th quarter. Red Spruce Capital LLC now owns 13,912 shares of the company's stock valued at $1,814,000 after buying an additional 136 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Hyatt Hotels by 9.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,655 shares of the company's stock valued at $282,000 after buying an additional 221 shares in the last quarter. Institutional investors and hedge funds own 71.02% of the company's stock.

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Insiders Place Their Bets

In other news, insider Joan Bottarini sold 10,695 shares of Hyatt Hotels stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the transaction, the insider now owns 16,104 shares in the company, valued at approximately $2,398,207.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Traubert Foundation Pritzker sold 704,229 shares of Hyatt Hotels stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total value of $111,247,055.13. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joan Bottarini sold 10,695 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the sale, the insider now directly owns 16,104 shares in the company, valued at approximately $2,398,207.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,084,248 shares of company stock worth $326,572,489. Insiders own 23.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on H. Morgan Stanley cut Hyatt Hotels from an "overweight" rating to an "equal weight" rating and upped their target price for the stock from $149.00 to $156.00 in a research report on Monday, March 11th. Sanford C. Bernstein upped their target price on Hyatt Hotels from $184.00 to $190.00 and gave the stock an "outperform" rating in a research report on Monday, May 13th. Evercore ISI reaffirmed an "in-line" rating and set a $135.00 target price on shares of Hyatt Hotels in a research report on Monday, February 5th. Stifel Nicolaus upped their target price on Hyatt Hotels from $146.00 to $154.00 and gave the stock a "hold" rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. increased their price objective on Hyatt Hotels from $162.00 to $172.00 and gave the company an "overweight" rating in a research report on Friday, March 1st. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $148.31.

Hyatt Hotels Price Performance

Hyatt Hotels stock traded up $1.69 during mid-day trading on Friday, hitting $147.47. 597,322 shares of the company were exchanged, compared to its average volume of 502,580. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average of $151.80 and a 200 day moving average of $139.72. Hyatt Hotels Co. has a 1-year low of $96.77 and a 1-year high of $161.50. The company has a market capitalization of $14.92 billion, a PE ratio of 22.90 and a beta of 1.49.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.02). The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.72 billion. Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. During the same quarter last year, the business posted $0.41 earnings per share. As a group, sell-side analysts expect that Hyatt Hotels Co. will post 3.29 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Wednesday, May 29th. Hyatt Hotels's dividend payout ratio (DPR) is currently 9.32%.

About Hyatt Hotels

(Free Report)

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.

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