Hyatt Hotels Co. (NYSE:H) Stake Lowered by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. trimmed its stake in shares of Hyatt Hotels Co. (NYSE:H) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,420 shares of the company’s stock after selling 576 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Hyatt Hotels were worth $2,107,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in H. Kensington Investment Counsel LLC boosted its stake in Hyatt Hotels by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company’s stock valued at $2,136,000 after purchasing an additional 95 shares during the period. Bridges Investment Management Inc. raised its holdings in shares of Hyatt Hotels by 2.3% during the fourth quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company’s stock valued at $681,000 after buying an additional 99 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Hyatt Hotels by 99.0% during 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. Arizona State Retirement System grew its holdings in Hyatt Hotels by 0.9% in the 4th quarter. Arizona State Retirement System now owns 13,050 shares of the company’s stock worth $2,049,000 after buying an additional 110 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in Hyatt Hotels by 31.9% in the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock worth $73,000 after buying an additional 113 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

Analyst Ratings Changes

H has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Mizuho lowered their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Robert W. Baird reduced their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Finally, Morgan Stanley decreased their price objective on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $161.97.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the business’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 owns 37,927 shares in the company, valued at $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The sale 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 completion of the transaction, the insider now directly owns 9,337 shares in the company, valued at approximately $1,090,561.60. The trade was a 51.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,600 shares of company stock valued at $1,517,798 in the last 90 days. 23.50% of the stock is currently owned by corporate insiders.

Hyatt Hotels Price Performance

H stock opened at $124.93 on Thursday. Hyatt Hotels Co. has a one year low of $116.13 and a one year high of $168.20. The firm has a 50-day moving average of $140.44 and a two-hundred day moving average of $149.78. The firm has a market capitalization of $12.01 billion, a PE ratio of 10.04 and a beta of 1.51. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) 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 firm had revenue of $1.60 billion for 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 quarter in the previous year, the firm posted $0.64 earnings per share. On average, analysts forecast that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.48%. Hyatt Hotels’s payout ratio is presently 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.