Hyatt Hotels Corporation (NYSE:H) Shares Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. lifted its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 87.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,119 shares of the company's stock after purchasing an additional 3,778 shares during the period. Bridges Investment Management Inc.'s holdings in Hyatt Hotels were worth $995,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Hyatt Hotels by 241.4% in the fourth quarter. Invesco Ltd. now owns 679,557 shares of the company's stock valued at $106,677,000 after purchasing an additional 480,523 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Hyatt Hotels by 16.4% during the first quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock worth $384,132,000 after acquiring an additional 441,417 shares during the last quarter. Norges Bank purchased a new position in shares of Hyatt Hotels during the fourth quarter worth approximately $61,572,000. Alyeska Investment Group L.P. purchased a new position in shares of Hyatt Hotels during the fourth quarter worth approximately $43,953,000. Finally, Deutsche Bank AG grew its position in shares of Hyatt Hotels by 209.8% during the fourth quarter. Deutsche Bank AG now owns 255,563 shares of the company's stock worth $40,118,000 after acquiring an additional 173,075 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

Hyatt Hotels Price Performance

H stock traded down $1.27 during trading on Friday, hitting $150.98. The stock had a trading volume of 224,156 shares, compared to its average volume of 761,704. The company's 50 day moving average price is $134.30 and its two-hundred day moving average price is $135.88. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.20. The stock has a market cap of $14.41 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 4.74 and a beta of 1.42. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company posted $0.71 EPS. On average, sell-side analysts forecast that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Thursday, May 29th. Hyatt Hotels's dividend payout ratio is currently 7.79%.

Insider Activity at Hyatt Hotels

In related news, insider Jnp Parachute Mirror Trust K sold 44,466 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total transaction of $5,902,861.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Hotels Corp Hyatt bought 996,587 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average cost of $13.50 per share, with a total value of $13,453,924.50. Following the transaction, the insider owned 117,077,441 shares in the company, valued at approximately $1,580,545,453.50. This represents a 0.86% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 371,111 shares of company stock worth $49,273,516. Corporate insiders own 23.70% of the company's stock.

Analyst Upgrades and Downgrades

H has been the topic of a number of research reports. Raymond James Financial upgraded shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price on the stock in a research report on Tuesday, July 1st. Morgan Stanley lowered their price objective on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Evercore ISI lowered their price objective on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their price objective on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a research report on Friday, May 2nd. Finally, Macquarie lowered their price objective on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $150.63.

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.