Natixis Advisors LLC boosts stock holdings 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 Hyatt Hotels stock after acquiring an additional 1,720 shares. Their holdings in Hyatt Hotels are valued at $2,128,000 as of the latest SEC filing.
It’s not just Natixis Advisors LLC; other hedge funds and institutional investors have also made changes to their holdings in the company. 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 also saw growth in their positions in the company. Bank of New York Mellon Corp and Handelsbanken Fonder AB are among the institutions that have increased their holdings in Hyatt Hotels as well.
Wall Street analysts have been weighing in on Hyatt Hotels, with various price targets and ratings. Bank of America, for example, raised their price target on the stock to $175.00 and gave it a “buy” rating. On the other hand, HSBC downgraded the stock to a “hold” rating with a $156.00 target price. Overall, analysts have rated Hyatt Hotels as a “hold” with a consensus target price of $151.57.
In terms of stock performance, Hyatt Hotels opened at $156.23 on Monday. The company’s 12-month low is $112.85, and the high is $162.24. With a market cap of $15.00 billion and a price-to-earnings ratio of 11.77, Hyatt Hotels has shown stability in the market. The company recently posted its earnings results, surpassing estimates and reporting $0.94 earnings per share for the quarter. Analysts predict that Hyatt Hotels will post 3.91 EPS for the current fiscal year.
Hyatt Hotels also announced a quarterly dividend to be paid on December 6th, with shareholders of record on November 22nd eligible for a $0.15 dividend. The ex-dividend date for this dividend is also November 22nd. Insider activity has been notable with Mark Samuel Hoplamazian selling shares of Hyatt Hotels stock. Overall, insider ownership accounts for 23.50% of the stock.
In conclusion, Hyatt Hotels Corporation operates as a hospitality company, managing, franchising, licensing, owning, and leasing a diverse portfolio of properties. With recent financial performance and analyst ratings in mind, Hyatt Hotels continues to be an interesting stock to watch.
