Hyatt Hotels Co. (NYSE:H) Holdings Raised by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its position in Hyatt Hotels Co. (NYSE:H) by 21.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,322 shares of the company’s stock after buying an additional 2,185 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Hyatt Hotels were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc boosted 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 valued at $32,000 after purchasing an additional 175 shares during the period. UMB Bank n.a. boosted its position in Hyatt Hotels by 99.0% during the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after purchasing an additional 104 shares during the period. iA Global Asset Management Inc. acquired a new position in Hyatt Hotels during the 3rd quarter valued at approximately $51,000. Venturi Wealth Management LLC boosted its position in Hyatt Hotels by 750.0% during 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 boosted its position in Hyatt Hotels by 31.9% during the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock worth $73,000 after acquiring an additional 113 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Stock Up 1.2 %

Shares of Hyatt Hotels stock opened at $122.28 on Monday. The stock’s fifty day moving average is $148.28 and its 200-day moving average is $151.94. The firm has a market capitalization of $11.76 billion, a PE ratio of 9.83 and a beta of 1.51. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a 12-month low of $119.30 and a 12-month high of $168.20.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period in the previous year, the firm posted $0.64 earnings per share. Equities analysts anticipate that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s payout ratio is 4.82%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the company’s 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 transaction, the director now directly owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This represents a 4.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on H. Susquehanna boosted their price target on Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Truist Financial boosted their price target on Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Jefferies Financial Group boosted their price target on Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Mizuho reduced their price target on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Finally, Evercore ISI upgraded Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price target for the company in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and a consensus price target of $162.24.

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.