Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Hyatt Hotels Co. (NYSE:H – Free Report) by 43.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,358 shares of the company’s stock after acquiring an additional 7,688 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Hyatt Hotels were worth $3,235,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of Hyatt Hotels in the fourth quarter valued at about $59,000. Banque Cantonale Vaudoise acquired a new position in shares of Hyatt Hotels in the third quarter valued at about $83,000. Principal Securities Inc. acquired a new position in shares of Hyatt Hotels in the fourth quarter valued at about $179,000. HMS Capital Management LLC acquired a new position in shares of Hyatt Hotels in the fourth quarter valued at about $217,000. Finally, Greenleaf Trust acquired a new position in shares of Hyatt Hotels in the fourth quarter valued at about $220,000. 71.02% of the stock is currently owned by hedge funds and other institutional investors.
Hyatt Hotels Stock Performance
NYSE H opened at $150.65 on Tuesday. The company has a market cap of $15.24 billion, a PE ratio of 23.39 and a beta of 1.49. The stock’s 50 day simple moving average is $153.48 and its 200-day simple moving average is $137.35. Hyatt Hotels Co. has a 1-year low of $96.77 and a 1-year high of $161.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.
Hyatt Hotels (NYSE:H – Get Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. During the same quarter last year, the business earned $0.41 EPS. As a group, equities research analysts anticipate that Hyatt Hotels Co. will post 3.26 EPS for the current fiscal year.
Hyatt Hotels Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. Hyatt Hotels’s payout ratio is 9.32%.
Wall Street Analyst Weigh In
Several analysts recently commented on H shares. Evercore ISI reaffirmed an “in-line” rating and set a $135.00 target price on shares of Hyatt Hotels in a report on Monday, February 5th. Barclays raised their target price on Hyatt Hotels from $153.00 to $159.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Wells Fargo & Company raised their target price on Hyatt Hotels from $138.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. TD Cowen raised their target price on Hyatt Hotels from $95.00 to $160.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Finally, StockNews.com raised Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $148.56.
Check Out Our Latest Research Report on H
Insider Buying and Selling
In related news, insider Mark R. Vondrasek sold 9,867 shares of Hyatt Hotels stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $154.11, for a total transaction of $1,520,603.37. Following the transaction, the insider now owns 5,100 shares in the company, valued at $785,961. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 75,457 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the completion of the sale, the insider now owns 459,000 shares of the company’s stock, valued at $72,737,730. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark R. Vondrasek sold 9,867 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $154.11, for a total value of $1,520,603.37. Following the sale, the insider now directly owns 5,100 shares of the company’s stock, valued at approximately $785,961. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,084,248 shares of company stock worth $326,572,489. 23.50% of the stock is owned by corporate 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.
See Also
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