KBC Group NV Sells 98,821 Shares of Hyatt Hotels Corporation (NYSE:H)

KBC Group NV trimmed its holdings in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 90.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,145 shares of the company's stock after selling 98,821 shares during the period. KBC Group NV's holdings in Hyatt Hotels were worth $1,243,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Bamco Inc. NY increased its holdings in Hyatt Hotels by 1.2% in the 4th quarter. Bamco Inc. NY now owns 5,550,789 shares of the company's stock worth $871,363,000 after acquiring an additional 67,385 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Hyatt Hotels by 0.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company's stock valued at $447,376,000 after buying an additional 9,477 shares in the last quarter. Bank of Nova Scotia grew its holdings in Hyatt Hotels by 2.2% during the 4th quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company's stock valued at $269,532,000 after buying an additional 37,057 shares in the last quarter. Invesco Ltd. grew its holdings in Hyatt Hotels by 241.4% during the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company's stock valued at $106,677,000 after buying an additional 480,523 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC grew its holdings in Hyatt Hotels by 1.4% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 611,948 shares of the company's stock valued at $96,064,000 after buying an additional 8,254 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

Insider Activity

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

Hyatt Hotels Stock Down 1.3%

H stock traded down $1.90 during midday trading on Monday, hitting $145.57. The stock had a trading volume of 1,022,950 shares, compared to its average volume of 757,215. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 4.76 and a beta of 1.42. The business has a 50-day moving average of $132.28 and a two-hundred day moving average of $135.77. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98.

Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.16. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. As a group, equities research analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, May 29th. Hyatt Hotels's payout ratio is currently 7.79%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Melius Research raised Hyatt Hotels to a "strong-buy" rating in a report on Monday, April 21st. Raymond James Financial raised shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price target on the stock in a research note on Tuesday, July 1st. Barclays lifted their price target on shares of Hyatt Hotels from $122.00 to $127.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Stifel Nicolaus decreased their price target on shares of Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Finally, Robert W. Baird boosted their price objective on Hyatt Hotels from $146.00 to $148.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $150.63.

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.