Icon Wealth Advisors LLC Lowers Holdings in Hyatt Hotels Co. (NYSE:H)

Icon Wealth Advisors LLC reduced its stake in shares of Hyatt Hotels Co. (NYSE:H) by 10.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 666 shares of the company’s stock after selling 75 shares during the period. Icon Wealth Advisors LLC’s holdings in Hyatt Hotels were worth $101,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of H. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Hyatt Hotels by 12.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 241,011 shares of the company’s stock valued at $36,682,000 after acquiring an additional 26,985 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Hyatt Hotels by 2,087.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,500 shares of the company’s stock worth $2,664,000 after purchasing an additional 16,700 shares during the period. Townsquare Capital LLC grew its holdings in shares of Hyatt Hotels by 15.7% during the 3rd quarter. Townsquare Capital LLC now owns 2,709 shares of the company’s stock worth $412,000 after purchasing an additional 367 shares during the period. Quantbot Technologies LP grew its holdings in shares of Hyatt Hotels by 160.6% during the 3rd quarter. Quantbot Technologies LP now owns 35,933 shares of the company’s stock worth $5,469,000 after purchasing an additional 22,147 shares during the period. Finally, Loomis Sayles & Co. L P increased its position in Hyatt Hotels by 26.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,116 shares of the company’s stock worth $474,000 after purchasing an additional 653 shares in the last quarter. 71.02% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $157.94 on Monday. The business has a 50 day simple moving average of $153.60 and a 200-day simple moving average of $149.57. Hyatt Hotels Co. has a twelve month low of $112.85 and a twelve month high of $162.24. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of 11.90 and a beta of 1.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

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

Hyatt Hotels Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have issued reports on H. Cfra set a $155.00 price objective on shares of Hyatt Hotels in a research note on Thursday, October 17th. Macquarie lowered their price target on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Barclays cut their price objective on Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Sanford C. Bernstein decreased their target price on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Mizuho dropped their target price on Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Hyatt Hotels currently has an average rating of “Hold” and a consensus target price of $151.88.

Insider Activity

In related news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the sale, the insider now directly owns 5,798 shares in the company, valued at $927,622.02. This trade represents a 39.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 23.50% of the company’s stock.

About Hyatt Hotels

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.