Summit Investment Advisors Inc. Reduces Position in Hyatt Hotels Co. (NYSE:H)

Summit Investment Advisors Inc. reduced its position in shares of Hyatt Hotels Co. (NYSE:H) by 8.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,471 shares of the company’s stock after selling 747 shares during the period. Summit Investment Advisors Inc.’s holdings in Hyatt Hotels were worth $1,330,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

H has been the subject of several research reports. Morgan Stanley reduced their target price 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. Jefferies Financial Group decreased their price objective on Hyatt Hotels from $161.00 to $120.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Barclays decreased their price target on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, Wells Fargo & Company dropped their price objective on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and a consensus price target of $155.22.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $105.94 on Thursday. The company’s fifty day moving average is $128.85 and its two-hundred day moving average is $146.32. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $10.19 billion, a P/E ratio of 8.52 and a beta of 1.35. Hyatt Hotels Co. has a one year low of $102.43 and a one year high of $168.20.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. Analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.57%. Hyatt Hotels’s dividend payout ratio is presently 4.82%.

Insiders Place Their Bets

In related news, insider Mark R. Vondrasek sold 10,000 shares of the business’s stock in a transaction dated 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 directly owns 9,337 shares in the company, valued at $1,090,561.60. The trade was a 51.71 % decrease in their position. The transaction 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 firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, the director now owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,600 shares of company stock worth $1,517,798. 23.50% of the stock is owned by corporate insiders.

Hyatt Hotels Company 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.