KBC Group NV lifted its position in Hyatt Hotels Co. (NYSE:H - Free Report) by 978.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,966 shares of the company's stock after acquiring an additional 98,861 shares during the period. KBC Group NV owned 0.11% of Hyatt Hotels worth $17,106,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Hyatt Hotels during the 3rd quarter valued at approximately $30,000. Versant Capital Management Inc increased its holdings in shares of Hyatt Hotels by 583.3% during the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company's stock valued at $32,000 after acquiring an additional 175 shares in the last quarter. UMB Bank n.a. boosted its stake in Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company's stock worth $33,000 after purchasing an additional 104 shares in the last quarter. Blue Trust Inc. grew its position in Hyatt Hotels by 190.2% during the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company's stock valued at $49,000 after purchasing an additional 213 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new position in Hyatt Hotels in the third quarter worth about $51,000. Hedge funds and other institutional investors own 73.54% of the company's stock.
Insider Activity
In other news, insider Mark R. Vondrasek sold 3,776 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the sale, the insider now directly owns 5,798 shares of the company's stock, valued at $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 23.50% of the company's stock.
Hyatt Hotels Trading Down 0.4 %
NYSE H traded down $0.66 on Friday, hitting $158.44. 497,230 shares of the stock were exchanged, compared to its average volume of 420,762. Hyatt Hotels Co. has a 52-week low of $125.44 and a 52-week high of $168.20. The firm has a market capitalization of $15.22 billion, a P/E ratio of 11.94 and a beta of 1.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a fifty day moving average price of $157.01 and a two-hundred day moving average price of $152.12.
Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.04. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the previous year, the firm earned $0.70 earnings per share. Research analysts forecast that Hyatt Hotels Co. will post 3.81 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently commented on H. Bank of America increased their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Mizuho reduced their price target on shares of Hyatt Hotels from $200.00 to $198.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. StockNews.com upgraded shares of Hyatt Hotels from a "sell" rating to a "hold" rating in a research report on Monday, November 4th. Hsbc Global Res upgraded Hyatt Hotels to a "hold" rating in a research report on Friday, November 1st. Finally, Truist Financial cut their price target on Hyatt Hotels from $169.00 to $158.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Fourteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $156.48.
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About Hyatt Hotels
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Free Report)
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.
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