11,352 Shares in Hyatt Hotels Co. (NYSE:H) Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new stake in Hyatt Hotels Co. (NYSE:H - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,352 shares of the company's stock, valued at approximately $1,728,000.

Several other large investors have also recently added to or reduced their stakes in the business. Andra AP fonden boosted its stake in shares of Hyatt Hotels by 51.2% in the 2nd quarter. Andra AP fonden now owns 35,400 shares of the company's stock valued at $5,378,000 after buying an additional 11,994 shares during the period. III Capital Management purchased a new position in Hyatt Hotels in the second quarter worth approximately $871,000. Assetmark Inc. grew its holdings in Hyatt Hotels by 162.2% during the 3rd quarter. Assetmark Inc. now owns 49,041 shares of the company's stock worth $7,464,000 after acquiring an additional 30,339 shares in the last quarter. Bamco Inc. NY increased its position in shares of Hyatt Hotels by 1.3% in the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company's stock valued at $834,574,000 after purchasing an additional 68,608 shares during the last quarter. Finally, Icon Wealth Advisors LLC raised its holdings in shares of Hyatt Hotels by 17,641.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company's stock valued at $20,009,000 after purchasing an additional 130,724 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on H. Hsbc Global Res raised Hyatt Hotels to a "hold" rating in a research report on Friday, November 1st. Sanford C. Bernstein cut their price objective on shares of Hyatt Hotels from $185.00 to $178.00 and set an "outperform" rating on the stock in a report on Thursday, August 29th. Cfra set a $155.00 target price on shares of Hyatt Hotels in a report on Thursday, October 17th. Bank of America lifted their price target on shares of Hyatt Hotels from $165.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Finally, Evercore ISI raised their price objective on Hyatt Hotels from $145.00 to $155.00 and gave the stock an "in-line" rating in a report on Monday, October 21st. Fifteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Hyatt Hotels currently has an average rating of "Hold" and an average price target of $152.88.

Hyatt Hotels Price Performance

Hyatt Hotels stock traded down $0.54 during mid-day trading on Friday, reaching $158.99. The company had a trading volume of 415,102 shares, compared to its average volume of 585,895. The stock's 50-day simple moving average is $154.99 and its 200-day simple moving average is $150.34. Hyatt Hotels Co. has a 1 year low of $124.40 and a 1 year high of $168.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $15.27 billion, a P/E ratio of 11.98 and a beta of 1.50.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $1.63 billion for 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 EPS. On average, equities analysts predict that Hyatt Hotels Co. will post 3.89 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. Hyatt Hotels's dividend payout ratio (DPR) is 4.52%.

Insiders Place Their Bets

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

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.