KLP Kapitalforvaltning AS Takes Position in Hyatt Hotels Co. (NYSE:H)

KLP Kapitalforvaltning AS acquired a new position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,300 shares of the company's stock, valued at approximately $2,245,000.

A number of other hedge funds also recently bought and sold shares of the company. Sciencast Management LP purchased a new stake in shares of Hyatt Hotels in the fourth quarter valued at $275,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Hyatt Hotels by 4.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 28,689 shares of the company's stock worth $4,503,000 after acquiring an additional 1,154 shares in the last quarter. Whittier Trust Co. boosted its position in Hyatt Hotels by 3.5% during the 4th quarter. Whittier Trust Co. now owns 59,004 shares of the company's stock worth $9,262,000 after acquiring an additional 1,991 shares during the period. iA Global Asset Management Inc. grew its stake in Hyatt Hotels by 452.7% during the 4th quarter. iA Global Asset Management Inc. now owns 1,868 shares of the company's stock valued at $293,000 after acquiring an additional 1,530 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Hyatt Hotels by 12.1% in the 4th quarter. Xponance Inc. now owns 8,493 shares of the company's stock valued at $1,333,000 after purchasing an additional 916 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Performance

H traded down $0.73 during midday trading on Tuesday, reaching $121.77. The company's stock had a trading volume of 922,762 shares, compared to its average volume of 606,824. Hyatt Hotels Co. has a twelve month low of $116.13 and a twelve month high of $168.20. The stock has a market cap of $11.71 billion, a P/E ratio of 9.79 and a beta of 1.51. The company has a fifty day simple moving average of $141.03 and a 200 day simple moving average of $149.96. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

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Hyatt Hotels (NYSE:H - Get Free Report) last announced its 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 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 the consensus estimate of $1.63 billion. During the same period last year, the firm posted $0.64 EPS. Research analysts expect that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors 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

Several analysts recently commented on H shares. Wells Fargo & Company decreased their price target on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Truist Financial lowered their price target on shares of Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Macquarie reduced their price objective on Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, February 14th. StockNews.com lowered Hyatt Hotels from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Finally, Evercore ISI upgraded 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $161.97.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the transaction, the director now directly owns 37,927 shares in the company, valued at $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kinsey Wolf sold 1,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total transaction of $122,950.00. Following the completion of the transaction, the insider now 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 disclosure for this sale can be found here. Insiders have sold 12,600 shares of company stock worth $1,517,798 over the last three months. Company insiders own 23.50% of the company's stock.

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.