BI Asset Management Fondsmaeglerselskab A S Invests $478,000 in Hyatt Hotels Co. (NYSE:H)

BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,045 shares of the company's stock, valued at approximately $478,000.

A number of other hedge funds also recently made changes to their positions in H. TT International Asset Management LTD acquired a new stake in Hyatt Hotels in the 4th quarter valued at $5,283,000. World Investment Advisors LLC acquired a new stake in shares of Hyatt Hotels in the 3rd quarter valued at $4,520,000. GAMMA Investing LLC grew its holdings in shares of Hyatt Hotels by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 1,056 shares of the company's stock worth $166,000 after purchasing an additional 155 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company's stock worth $32,000 after purchasing an additional 175 shares in the last quarter. Finally, Truist Financial Corp bought a new position in Hyatt Hotels during the 4th quarter valued at about $307,000. Institutional investors and hedge funds own 73.54% of the company's stock.

Hyatt Hotels Trading Down 0.6 %

Shares of NYSE:H traded down $0.63 during midday trading on Wednesday, hitting $112.72. The company had a trading volume of 968,070 shares, compared to its average volume of 652,389. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a 12 month low of $102.43 and a 12 month high of $168.20. The firm has a fifty day simple moving average of $120.95 and a 200 day simple moving average of $143.39. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 9.06 and a beta of 1.35.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. On average, analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.53%. Hyatt Hotels's dividend payout ratio is 4.82%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on H. StockNews.com cut shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Evercore ISI upgraded Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 price target on the stock in a research report on Wednesday, March 5th. Melius Research upgraded Hyatt Hotels to a "strong-buy" rating in a research report on Monday, April 21st. Jefferies Financial Group decreased their target price on Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Morgan Stanley cut their price target on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $151.83.

Insider Activity

In related news, insider Kinsey Wolf sold 1,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the sale, the insider now directly owns 811 shares of the company's stock, valued at approximately $99,712.45. The trade was a 55.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, the director now directly owns 37,927 shares in the company, valued at $5,377,290.06. This represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,600 shares of company stock valued at $1,517,798 in the last quarter. Company insiders own 23.70% of the company's stock.

Hyatt Hotels Profile

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.