Natixis Advisors LLC Boosts Stake in Hyatt Hotels Co. (NYSE:H)
Natixis Advisors LLC recently increased its stake in Hyatt Hotels Co. (NYSE:H) by 14.0% during the 3rd quarter. According to the most recent Form 13F filing with the SEC, the fund now owns 13,982 shares of the company’s stock after acquiring an additional 1,720 shares.
This brings Natixis Advisors LLC’s holdings in Hyatt Hotels to a value of $2,128,000 as of the latest SEC filing. Other hedge funds and institutional investors have also made adjustments to their holdings in the company.
For instance, Principal Financial Group Inc. increased its stake in Hyatt Hotels by 6.5% in the second quarter, while Fiera Capital Corp and Dimensional Fund Advisors LP each grew their positions as well. Bank of New York Mellon Corp and Handelsbanken Fonder AB also made notable increases in their holdings of Hyatt Hotels during the same period.
Analysts on Wall Street have been actively discussing Hyatt Hotels’ performance. Various reports from analysts have been released recently, with differing opinions on the stock. Despite this, the majority of analysts currently rate the stock as a “Hold.”
In terms of stock performance, Hyatt Hotels experienced a 0.1% increase, opening at $156.23 on Monday. The company has seen a 12-month low of $112.85 and a high of $162.24. With a market cap of $15.00 billion and a price-to-earnings ratio of 11.77, Hyatt Hotels continues to be a key player in the market.
Hyatt Hotels recently reported its earnings results for the quarter, exceeding analyst estimates. The company posted $0.94 earnings per share, beating the consensus estimate of $0.90 by $0.04. With a positive net margin and return on equity, Hyatt Hotels is showing strong performance in the current fiscal year.
Additionally, Hyatt Hotels announced a quarterly dividend to be paid on December 6th, with shareholders of record on November 22nd eligible to receive a $0.15 dividend. This dividend represents an annualized payout of $0.60 with a dividend yield of 0.38%.
In terms of insider activity, Mark Samuel Hoplamazian, an insider at Hyatt Hotels, recently sold a significant number of shares. The transaction, disclosed in a filing with the SEC, resulted in a total transaction value of $7,696,380.76. This reflects a 7.61% decrease in the insider’s position, but the overall insider ownership of the stock remains at 23.50%.
Overall, Hyatt Hotels Corporation continues to operate as a leading hospitality company both in the U.S. and internationally. Through its various segments, the company manages, franchises, licenses, owns, and leases a diverse portfolio of properties. Investors and analysts alike continue to watch the company’s performance closely.
