Hsbc Holdings PLC boosted its stake in Hyatt Hotels Co. (NYSE:H - Free Report) by 378.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,035 shares of the company's stock after acquiring an additional 38,795 shares during the period. Hsbc Holdings PLC owned 0.05% of Hyatt Hotels worth $7,729,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its stake in Hyatt Hotels by 3.4% in the fourth quarter. Townsquare Capital LLC now owns 2,801 shares of the company's stock valued at $440,000 after purchasing an additional 92 shares during the last quarter. Kensington Investment Counsel LLC lifted its holdings in Hyatt Hotels by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company's stock worth $2,136,000 after acquiring an additional 95 shares during the last quarter. Bridges Investment Management Inc. raised its stake in Hyatt Hotels by 2.3% during the 4th quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company's stock valued at $681,000 after acquiring an additional 99 shares in the last quarter. UMB Bank n.a. boosted its stake in Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company's stock worth $33,000 after purchasing an additional 104 shares during the period. Finally, Arizona State Retirement System grew its position in Hyatt Hotels by 0.9% in the fourth quarter. Arizona State Retirement System now owns 13,050 shares of the company's stock worth $2,049,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.
Insider Buying and Selling
In other news, insider Kinsey Wolf sold 1,000 shares of Hyatt Hotels stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the completion of the sale, the insider now directly owns 811 shares in the company, valued at approximately $99,712.45. This trade represents a 55.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark R. Vondrasek sold 10,000 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the transaction, the insider now directly owns 9,337 shares in the company, valued at $1,090,561.60. This represents a 51.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,600 shares of company stock worth $1,517,798. 23.70% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of research analysts recently commented on H shares. Macquarie cut their target price on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" 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 report on Tuesday, April 22nd. Barclays upped their price objective on shares of Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a research report on Friday. Jefferies Financial Group dropped their price objective on Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Mizuho decreased their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating on the stock in a research report on Friday, February 14th. Two 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $151.17.
Check Out Our Latest Research Report on H
Hyatt Hotels Trading Up 3.6 %
Shares of NYSE:H traded up $4.32 during midday trading on Friday, hitting $123.00. 1,583,520 shares of the stock traded hands, compared to its average volume of 660,476. Hyatt Hotels Co. has a one year low of $102.43 and a one year high of $168.20. The stock has a market capitalization of $11.83 billion, a PE ratio of 9.89 and a beta of 1.35. The business's 50 day moving average is $120.57 and its two-hundred day moving average is $143.16. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87.
Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly 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. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period in the previous year, the company posted $0.71 earnings per share. As a group, research analysts forecast that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.
Hyatt Hotels Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Thursday, May 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. Hyatt Hotels's dividend payout ratio (DPR) is presently 4.82%.
About Hyatt Hotels
(
Free Report)
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.
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