Hyatt Hotels Co. (NYSE:H) Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. increased its position in shares of Hyatt Hotels Co. (NYSE:H) by 452.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,868 shares of the company’s stock after purchasing an additional 1,530 shares during the quarter. iA Global Asset Management Inc.’s holdings in Hyatt Hotels were worth $293,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of H. Raymond James Financial Inc. acquired a new position in Hyatt Hotels during the fourth quarter worth $77,136,000. KBC Group NV raised its holdings in Hyatt Hotels by 978.3% during the fourth quarter. KBC Group NV now owns 108,966 shares of the company’s stock worth $17,106,000 after purchasing an additional 98,861 shares during the last quarter. Bamco Inc. NY raised its holdings in Hyatt Hotels by 1.3% during the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after purchasing an additional 68,608 shares during the last quarter. Worldquant Millennium Advisors LLC raised its holdings in Hyatt Hotels by 87.2% during the third quarter. Worldquant Millennium Advisors LLC now owns 140,805 shares of the company’s stock worth $21,431,000 after purchasing an additional 65,577 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Hyatt Hotels by 3.3% during the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock worth $267,192,000 after purchasing an additional 56,082 shares during the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 10,000 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the completion of the sale, the insider now owns 9,337 shares of the company’s stock, valued at $1,090,561.60. This represents a 51.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, the director now directly owns 37,927 shares of the company’s stock, valued at $5,377,290.06. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,600 shares of company stock valued at $1,517,798. Company insiders own 23.50% of the company’s stock.

Hyatt Hotels Price Performance

H stock opened at $121.68 on Friday. The stock has a 50-day moving average price of $145.42 and a two-hundred day moving average price of $151.00. Hyatt Hotels Co. has a 12-month low of $116.13 and a 12-month high of $168.20. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The company has a market cap of $11.70 billion, a PE ratio of 9.78 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm posted $0.64 EPS. As a group, research analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Wall Street Analyst Weigh In

H has been the subject of several research reports. Jefferies Financial Group lifted their price objective on Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Evercore ISI raised Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Wednesday, March 5th. Wells Fargo & Company cut their price target on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Finally, Morgan Stanley cut their price target on Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and a consensus price target of $161.97.

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.