Hyatt Hotels Co. (NYSE:H) Stake Lowered by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lessened its holdings in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,690 shares of the company's stock after selling 2,989 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Hyatt Hotels were worth $6,697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in Hyatt Hotels during the fourth quarter worth about $77,136,000. Invesco Ltd. raised its position in Hyatt Hotels by 241.4% during the fourth quarter. Invesco Ltd. now owns 679,557 shares of the company's stock worth $106,677,000 after acquiring an additional 480,523 shares during the last quarter. Norges Bank acquired a new position in Hyatt Hotels during the fourth quarter worth about $61,572,000. KBC Group NV raised its position in Hyatt Hotels by 978.3% during the fourth quarter. KBC Group NV now owns 108,966 shares of the company's stock worth $17,106,000 after acquiring an additional 98,861 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in Hyatt Hotels by 15.4% during the fourth quarter. Handelsbanken Fonder AB now owns 409,600 shares of the company's stock worth $64,299,000 after acquiring an additional 54,700 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

Insider Activity

In related news, insider Kinsey Wolf sold 1,000 shares of the company'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 $99,712.45. This represents a 55.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark R. Vondrasek sold 10,000 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the sale, the insider now directly owns 9,337 shares in the company, valued at $1,090,561.60. This represents a 51.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,600 shares of company stock worth $1,517,798. 23.70% of the stock is currently owned by company insiders.

Hyatt Hotels Trading Up 0.0 %

H traded up $0.02 during trading on Monday, hitting $112.80. 1,035,219 shares of the company's stock were exchanged, compared to its average volume of 649,012. 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 1 year low of $102.43 and a 1 year high of $168.20. The stock has a 50 day moving average price of $122.15 and a 200 day moving average price of $143.82. The firm has a market cap of $10.85 billion, a P/E ratio of 9.07 and a beta of 1.35.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.63 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. As a group, analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a $0.15 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.53%. Hyatt Hotels's dividend payout ratio (DPR) is presently 4.82%.

Analyst Upgrades and Downgrades

H has been the subject of a number of research reports. Mizuho cut their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group reissued a "sell" rating and issued a $110.00 price objective (down previously from $150.00) on shares of Hyatt Hotels in a research report on Monday, April 14th. Stifel Nicolaus cut their price objective on shares of Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company cut their price objective on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Finally, Evercore ISI raised shares of Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 price objective for the company in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $151.83.

Hyatt Hotels Company 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.