Massachusetts Financial Services Co. MA Buys 9,477 Shares of Hyatt Hotels Co. (NYSE:H)

Massachusetts Financial Services Co. MA increased its position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,849,892 shares of the company's stock after acquiring an additional 9,477 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.97% of Hyatt Hotels worth $447,376,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in H. Versant Capital Management Inc raised its holdings 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 buying an additional 175 shares during the period. UMB Bank n.a. boosted its position in shares of Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company's stock worth $33,000 after buying an additional 104 shares during the period. iA Global Asset Management Inc. purchased a new position in shares of Hyatt Hotels during the third quarter valued at $51,000. Venturi Wealth Management LLC increased 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 during the period. Finally, Fifth Third Bancorp grew its position in Hyatt Hotels by 31.9% during the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company's stock valued at $73,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 73.54% of the company's stock.

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Insiders Place Their Bets

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the sale, the director now owns 37,927 shares of the company's stock, valued at $5,377,290.06. This trade represents a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark R. Vondrasek sold 10,000 shares of the company's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the transaction, the insider now directly owns 9,337 shares of the company's stock, valued at $1,090,561.60. This represents a 51.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,600 shares of company stock worth $1,517,798. Corporate insiders own 23.50% of the company's stock.

Hyatt Hotels Trading Down 3.0 %

Hyatt Hotels stock traded down $3.26 during trading hours on Monday, reaching $106.50. 742,542 shares of the company's stock traded hands, compared to its average volume of 617,817. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 8.52 and a beta of 1.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. Hyatt Hotels Co. has a fifty-two week low of $103.34 and a fifty-two week high of $168.20. The firm's 50 day moving average is $138.73 and its 200-day moving average is $149.31.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data 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 net margin of 19.50% and a return on equity of 9.81%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the business posted $0.64 earnings per share. On average, analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels's payout ratio is presently 4.82%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on H shares. Mizuho lowered their price target 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. StockNews.com lowered Hyatt Hotels from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Wells Fargo & Company lowered their price target on Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Robert W. Baird lowered their price objective on Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. upped their target price on Hyatt Hotels from $163.00 to $168.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $161.97.

About Hyatt Hotels

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.