Handelsbanken Fonder AB Acquires 54,700 Shares of Hyatt Hotels Co. (NYSE:H)

Handelsbanken Fonder AB grew its stake in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 409,600 shares of the company's stock after acquiring an additional 54,700 shares during the period. Handelsbanken Fonder AB owned 0.43% of Hyatt Hotels worth $64,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in 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 period. UMB Bank n.a. increased its stake in Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company's stock valued at $33,000 after acquiring an additional 104 shares during the last quarter. Blue Trust Inc. raised its position in Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company's stock valued at $49,000 after purchasing an additional 213 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in Hyatt Hotels during the third quarter worth $51,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock valued at $53,000 after purchasing an additional 300 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on H shares. Barclays dropped their price objective on Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Macquarie dropped their target price on shares of Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, February 14th. Jefferies Financial Group raised their target price on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Truist Financial raised their price objective on Hyatt Hotels from $158.00 to $163.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a "hold" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels has a consensus rating of "Hold" and an average target price of $162.29.

Hyatt Hotels Stock Down 0.7 %

Shares of H traded down $1.01 during trading hours on Monday, reaching $139.02. 446,589 shares of the stock traded hands, compared to its average volume of 681,152. Hyatt Hotels Co. has a 52 week low of $128.91 and a 52 week 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 stock has a fifty day simple moving average of $155.26 and a 200 day simple moving average of $152.78. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 11.19 and a beta of 1.48.

Hyatt Hotels (NYSE:H - Get Free Report) last posted 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). The business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period in the prior year, the firm posted $0.64 EPS. On average, equities analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.43%. Hyatt Hotels's dividend payout ratio is currently 4.82%.

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.