Envestnet Asset Management Inc. Acquires 3,028 Shares of Hyatt Hotels Co. (NYSE:H)

Envestnet Asset Management Inc. raised its position in Hyatt Hotels Co. (NYSE:H - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,638 shares of the company's stock after acquiring an additional 3,028 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.12% of Hyatt Hotels worth $17,682,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in H. Versant Capital Management Inc boosted its stake in shares of Hyatt Hotels by 583.3% in the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company's stock valued at $32,000 after buying an additional 175 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company's stock worth $33,000 after purchasing an additional 104 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Hyatt Hotels by 750.0% during the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock worth $53,000 after buying an additional 300 shares in the last quarter. Fifth Third Bancorp lifted its stake in Hyatt Hotels by 31.9% during the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company's stock worth $73,000 after purchasing an additional 113 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Hyatt Hotels by 78.8% in the fourth quarter. Blue Trust Inc. now owns 581 shares of the company's stock worth $88,000 after buying an additional 256 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Kinsey Wolf sold 1,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the completion of the sale, the insider now directly owns 811 shares of the company's stock, valued at $99,712.45. This trade represents a 55.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark R. Vondrasek sold 10,000 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the transaction, the insider now directly owns 9,337 shares in the company, valued at $1,090,561.60. This trade represents a 51.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,600 shares of company stock valued at $1,517,798. Corporate insiders own 23.70% of the company's stock.

Hyatt Hotels Trading Up 0.2 %

Hyatt Hotels stock traded up $0.18 during trading hours on Friday, hitting $106.19. The stock had a trading volume of 1,018,788 shares, compared to its average volume of 639,795. The business's 50 day simple moving average is $126.69 and its 200-day simple moving average is $145.64. Hyatt Hotels Co. has a one year low of $102.43 and a one year high of $168.20. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 8.54 and a beta of 1.35. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. 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 prior year, the company posted $0.64 EPS. On average, equities analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels's payout ratio is currently 4.82%.

Analyst Upgrades and Downgrades

H has been the topic of a number of research reports. Macquarie dropped their target price on shares of Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, February 14th. StockNews.com downgraded shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Jefferies Financial Group cut their price objective on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Robert W. Baird decreased their price objective on Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, Truist Financial reduced their price target on Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating for the company in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $155.22.

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.