Covea Finance Invests $1.96 Million in Hyatt Hotels Co. (NYSE:H)

Covea Finance bought a new position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 12,500 shares of the company's stock, valued at approximately $1,962,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Hyatt Hotels during the third quarter worth about $30,000. Versant Capital Management Inc lifted its position in Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company's stock worth $32,000 after acquiring an additional 175 shares in the last quarter. Blue Trust Inc. boosted its holdings in Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company's stock worth $49,000 after acquiring an additional 213 shares during the period. EverSource Wealth Advisors LLC grew its position in Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company's stock valued at $50,000 after acquiring an additional 310 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Hyatt Hotels during the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 73.54% of the company's stock.

Wall Street Analyst Weigh In

H has been the subject of several analyst reports. Hsbc Global Res upgraded shares of Hyatt Hotels to a "hold" rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their target price on Hyatt Hotels from $151.00 to $167.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $163.00 to $168.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Jefferies Financial Group raised their price objective on Hyatt Hotels from $150.00 to $176.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Finally, Stifel Nicolaus upped their target price on Hyatt Hotels from $145.50 to $157.50 and gave the company a "hold" rating in a research report on Tuesday, November 26th. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $155.21.

Hyatt Hotels Stock Performance

Shares of NYSE:H traded up $0.93 during trading on Wednesday, hitting $154.87. 390,068 shares of the company traded hands, compared to its average volume of 421,374. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The business's fifty day moving average is $156.80 and its 200-day moving average is $151.64. The stock has a market capitalization of $14.87 billion, a price-to-earnings ratio of 11.67 and a beta of 1.48. Hyatt Hotels Co. has a one year low of $124.40 and a one year high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.04. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period in the prior year, the business earned $0.70 EPS. As a group, equities analysts predict that Hyatt Hotels Co. will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a $0.15 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.39%. Hyatt Hotels's dividend payout ratio is presently 4.52%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 3,776 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the transaction, the insider now directly owns 5,798 shares of the company's stock, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 23.50% of the stock is currently owned by company insiders.

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.