GRS Advisors LLC Sells 91,976 Shares of Hyatt Hotels Corporation $H

GRS Advisors LLC reduced its position in Hyatt Hotels Corporation (NYSE:H) by 17.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 439,810 shares of the company’s stock after selling 91,976 shares during the period. Hyatt Hotels makes up 5.8% of GRS Advisors LLC’s investment portfolio, making the stock its 6th largest holding. GRS Advisors LLC’s holdings in Hyatt Hotels were worth $62,422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of H. Bamco Inc. NY raised its holdings in Hyatt Hotels by 2.9% during the second quarter. Bamco Inc. NY now owns 5,955,212 shares of the company’s stock worth $831,645,000 after buying an additional 166,249 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after buying an additional 843,121 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Hyatt Hotels by 7.2% during the third quarter. Wellington Management Group LLP now owns 3,159,562 shares of the company’s stock valued at $448,437,000 after buying an additional 211,112 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Hyatt Hotels by 24.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock worth $392,548,000 after acquiring an additional 545,003 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings 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 worth $171,545,000 after acquiring an additional 562,611 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Insider Activity

In other news, insider Javier Aguila sold 9,548 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider directly owned 2,684 shares of the company’s stock, valued at $445,195.08. This trade represents a 78.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 23.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on H shares. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Wells Fargo & Company increased their price objective on Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, December 29th. Morgan Stanley decreased their price target on Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Truist Financial increased their price target on Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Two 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $175.80.

Hyatt Hotels Trading Down 2.9%

NYSE:H opened at $139.38 on Friday. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $180.53. The firm has a 50-day moving average price of $162.35 and a two-hundred day moving average price of $154.85. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of -248.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22.

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

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio is -107.14%.

Hyatt Hotels Profile

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.