Mn Services Vermogensbeheer B.V. Cuts Stake in Hyatt Hotels Corporation (NYSE:H)

Mn Services Vermogensbeheer B.V. lowered its position in Hyatt Hotels Corporation (NYSE:H - Free Report) by 11.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,700 shares of the company's stock after selling 2,100 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Hyatt Hotels were worth $1,923,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on H shares. Morgan Stanley dropped their price objective on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Macquarie lowered their price target on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Evercore ISI lowered their price target on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus lowered their price target on shares of Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Finally, Truist Financial reduced their price objective on shares of Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $149.72.

Hyatt Hotels Stock Performance

H stock traded down $1.29 on Thursday, hitting $132.67. The company's stock had a trading volume of 879,976 shares, compared to its average volume of 723,073. The firm has a 50 day moving average of $124.74 and a two-hundred day moving average of $137.64. 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 $12.66 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 4.36 and a beta of 1.42. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04.

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

Hyatt Hotels Dividend Announcement

The business also recently declared 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. The ex-dividend date was Thursday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.45%. Hyatt Hotels's dividend payout ratio (DPR) is presently 7.79%.

Insider Transactions at Hyatt Hotels

In related news, insider Jnp 2010-Pg Trust sold 266,793 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total value of $35,416,770.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Hotels Corp Hyatt acquired 996,587 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was acquired at an average cost of $13.50 per share, for a total transaction of $13,453,924.50. Following the completion of the purchase, the insider now owns 117,077,441 shares in the company, valued at $1,580,545,453.50. The trade was a 0.86% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 380,111 shares of company stock valued at $50,308,816 in the last ninety days. 23.70% of the stock is currently owned by company insiders.

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.