ASR Vermogensbeheer N.V. Takes $1.16 Million Position in Hyatt Hotels Corporation (NYSE:H)

Key Points

• ASR Vermogensbeheer N.V. acquired 9,430 shares of Hyatt Hotels, valued at about $1.155 million, demonstrating investor interest in the company.
• Hyatt Hotels recently reported earnings of $0.68 per share, exceeding expectations and indicating a growth in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.15 per share, with a yield of 0.4%, highlighting its commitment to returning value to shareholders.

ASR Vermogensbeheer N.V. bought a new stake in Hyatt Hotels Corporation (NYSE:H - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 9,430 shares of the company's stock, valued at approximately $1,155,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bernard Wealth Management Corp. bought a new position in shares of Hyatt Hotels during the 4th quarter worth about $26,000. Bank of Jackson Hole Trust bought a new position in shares of Hyatt Hotels during the 1st quarter worth about $31,000. UMB Bank n.a. lifted its holdings in shares of Hyatt Hotels by 138.8% during the 1st quarter. UMB Bank n.a. now owns 499 shares of the company's stock worth $61,000 after acquiring an additional 290 shares during the period. Flynn Zito Capital Management LLC lifted its holdings in shares of Hyatt Hotels by 13.2% during the 1st quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock worth $234,000 after acquiring an additional 223 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Hyatt Hotels by 5.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock valued at $256,000 after purchasing an additional 110 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hyatt Hotels

In related news, insider Jnp 2010-Pg Trust sold 266,793 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total transaction of $35,416,770.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Udell sold 3,891 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $134.03, for a total transaction of $521,510.73. Following the transaction, the insider owned 16,756 shares of the company's stock, valued at $2,245,806.68. The trade was a 18.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 371,111 shares of company stock worth $49,273,516. Company insiders own 23.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on H. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Barclays dropped their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating for the company in a research note on Friday. Morgan Stanley dropped their target price on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird boosted their target price on shares of Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Wall Street Zen raised shares of Hyatt Hotels from a "sell" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $152.26.

Hyatt Hotels Trading Up 4.2%

NYSE H traded up $5.65 during trading on Tuesday, reaching $140.66. 1,040,723 shares of the stock traded hands, compared to its average volume of 956,782. The firm has a market cap of $13.43 billion, a price-to-earnings ratio of 33.41, a price-to-earnings-growth ratio of 2.29 and a beta of 1.46. The stock's 50-day moving average price is $140.57 and its 200 day moving average price is $133.83. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.59%. During the same period in the prior year, the business earned $1.53 EPS. Analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels's dividend payout ratio is presently 14.25%.

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.