B. Metzler seel. Sohn & Co. AG purchased a new position in Hyatt Hotels Corporation (NYSE:H - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 29,697 shares of the company's stock, valued at approximately $4,791,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in Hyatt Hotels by 14.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company's stock valued at $41,083,000 after acquiring an additional 32,048 shares in the last quarter. Principal Financial Group Inc. lifted its position in Hyatt Hotels by 21.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company's stock valued at $669,221,000 after acquiring an additional 843,121 shares in the last quarter. Veritas Asset Management LLP bought a new position in Hyatt Hotels in the 3rd quarter valued at approximately $29,067,000. JPMorgan Chase & Co. lifted its position in Hyatt Hotels by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company's stock valued at $20,911,000 after acquiring an additional 22,071 shares in the last quarter. Finally, Davidson Investment Advisors bought a new position in Hyatt Hotels in the 3rd quarter valued at approximately $9,990,000. 73.54% of the stock is owned by institutional investors.
Insider Buying and Selling at Hyatt Hotels
In other news, insider Kinsey Wolf sold 400 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total transaction of $58,912.00. Following the transaction, the insider directly owned 545 shares of the company's stock, valued at $80,267.60. This represents a 42.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $167.75, for a total value of $35,803,553.50. Following the transaction, the insider directly owned 213,434 shares in the company, valued at $35,803,553.50. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 214,234 shares of company stock worth $35,920,202 over the last three months. Insiders own 23.60% of the company's stock.
Hyatt Hotels Price Performance
NYSE H opened at $164.44 on Friday. The business's fifty day moving average price is $155.65 and its 200-day moving average price is $156.66. The stock has a market capitalization of $15.53 billion, a price-to-earnings ratio of -293.64, a PEG ratio of 1.99 and a beta of 1.28. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. Hyatt Hotels Corporation has a 1-year low of $108.24 and a 1-year high of $180.53.
Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $1.04. The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.78 billion. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.During the same period in the prior year, the firm earned $0.42 EPS. On average, equities analysts predict that Hyatt Hotels Corporation will post 3.13 earnings per share for the current year.
Hyatt Hotels Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Hyatt Hotels's dividend payout ratio is presently -107.14%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on H. Morgan Stanley upped their price objective on Hyatt Hotels from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, April 10th. Stifel Nicolaus upped their price objective on Hyatt Hotels from $158.00 to $164.00 and gave the company a "hold" rating in a research report on Wednesday, December 31st. Wall Street Zen raised Hyatt Hotels from a "sell" rating to a "hold" rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Hyatt Hotels in a research report on Friday, March 27th. Finally, Citigroup upped their price objective on Hyatt Hotels from $167.00 to $195.00 and gave the company a "buy" rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, Hyatt Hotels presently has a consensus rating of "Moderate Buy" and a consensus target price of $181.47.
Check Out Our Latest Research Report on H
Hyatt Hotels Company Profile
(
Free Report)
Hyatt Hotels Corporation NYSE: H is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.
Hyatt's business model combines property ownership, management contracts and third-party franchising.
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