BI Asset Management Fondsmaeglerselskab A S Invests $478,000 in Hyatt Hotels Co. (NYSE:H)

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Hyatt Hotels Co. (NYSE:H) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,045 shares of the company’s stock, valued at approximately $478,000.

A number of other large investors have also added to or reduced their stakes in the stock. Bernard Wealth Management Corp. acquired a new stake in shares of Hyatt Hotels during the 4th quarter worth approximately $26,000. Versant Capital Management Inc lifted its stake in Hyatt Hotels by 583.3% during the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after purchasing an additional 104 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after purchasing an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Hyatt Hotels by 31.9% during the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock worth $73,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

H has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a “sell” rating and issued a $110.00 target price (down previously from $150.00) on shares of Hyatt Hotels in a research report on Monday, April 14th. Jefferies Financial Group lowered their price objective on shares of Hyatt Hotels from $161.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Truist Financial dropped their price objective on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Macquarie lowered their price target on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Finally, Mizuho cut their price objective on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $151.83.

Hyatt Hotels Trading Up 1.9 %

H opened at $112.96 on Friday. Hyatt Hotels Co. has a twelve month low of $102.43 and a twelve month high of $168.20. The company has a fifty day moving average of $123.50 and a 200-day moving average of $144.53. The stock has a market cap of $10.86 billion, a PE ratio of 9.08 and a beta of 1.35. 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) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter in the previous year, the business posted $0.64 earnings per share. On average, sell-side analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Insiders Place Their Bets

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the transaction, the director now owns 37,927 shares in the company, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark R. Vondrasek sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the sale, the insider now owns 9,337 shares of the company’s stock, valued at approximately $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 three months, insiders have sold 12,600 shares of company stock worth $1,517,798. Corporate insiders own 23.70% of the company’s stock.

Hyatt Hotels 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.