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

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Hyatt Hotels Co. (NYSE:H - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,045 shares of the company's stock, valued at approximately $478,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in H. Townsquare Capital LLC increased its position in Hyatt Hotels by 3.4% in the fourth quarter. Townsquare Capital LLC now owns 2,801 shares of the company's stock worth $440,000 after purchasing an additional 92 shares during the period. Kensington Investment Counsel LLC raised its stake in shares of Hyatt Hotels by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company's stock worth $2,136,000 after buying an additional 95 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in Hyatt Hotels by 2.3% in the fourth quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company's stock valued at $681,000 after buying an additional 99 shares during the period. UMB Bank n.a. grew its holdings 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 during the period. Finally, Arizona State Retirement System raised its position in shares of Hyatt Hotels by 0.9% during the 4th quarter. Arizona State Retirement System now owns 13,050 shares of the company's stock valued at $2,049,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total transaction of $122,950.00. Following the transaction, the insider now owns 811 shares in the company, valued at $99,712.45. This represents a 55.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the sale, the director now owns 37,927 shares of the company's stock, valued at approximately $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,600 shares of company stock worth $1,517,798 over the last three months. Insiders own 23.70% of the company's stock.

Hyatt Hotels Stock Up 0.9 %

Shares of NYSE:H traded up $0.97 during midday trading on Tuesday, reaching $113.75. The company had a trading volume of 487,680 shares, compared to its average volume of 878,588. Hyatt Hotels Co. has a 1-year low of $102.43 and a 1-year high of $168.20. The stock has a market cap of $10.94 billion, a PE ratio of 9.14 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. The business's 50 day moving average price is $122.15 and its 200 day moving average price is $143.82.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Research analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels's dividend payout ratio is presently 4.82%.

Analysts Set New Price Targets

H has been the topic of several recent research reports. The Goldman Sachs Group restated a "sell" rating and issued a $110.00 price target (down from $150.00) on shares of Hyatt Hotels in a research report on Monday, April 14th. StockNews.com lowered shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Evercore ISI upgraded shares of Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 price objective for the company in a report on Wednesday, March 5th. Mizuho cut their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating on the stock in a report on Friday, February 14th. Finally, Robert W. Baird decreased their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $151.83.

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.