DekaBank Deutsche Girozentrale Lowers Holdings in Hyatt Hotels Co. (NYSE:H)

DekaBank Deutsche Girozentrale cut its position in Hyatt Hotels Co. (NYSE:H) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,362 shares of the company’s stock after selling 357 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Hyatt Hotels were worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of H. Morgan Stanley raised its position in shares of Hyatt Hotels by 340.1% during the 4th quarter. Morgan Stanley now owns 2,033,818 shares of the company’s stock valued at $183,959,000 after buying an additional 1,571,739 shares in the last quarter. Select Equity Group L.P. raised its position in shares of Hyatt Hotels by 196.2% during the 1st quarter. Select Equity Group L.P. now owns 2,206,791 shares of the company’s stock valued at $246,697,000 after buying an additional 1,461,693 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Hyatt Hotels by 4,359.5% during the 3rd quarter. Alliancebernstein L.P. now owns 981,529 shares of the company’s stock valued at $79,465,000 after buying an additional 959,519 shares in the last quarter. Sculptor Capital LP raised its position in shares of Hyatt Hotels by 136.3% during the 1st quarter. Sculptor Capital LP now owns 1,449,124 shares of the company’s stock valued at $138,319,000 after buying an additional 835,982 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Hyatt Hotels during the 4th quarter valued at $68,934,000. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Joan Bottarini sold 4,250 shares of Hyatt Hotels stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $128.72, for a total transaction of $547,060.00. Following the sale, the insider now owns 11,301 shares of the company’s stock, valued at approximately $1,454,664.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total transaction of $200,096,680.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joan Bottarini sold 4,250 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $128.72, for a total transaction of $547,060.00. Following the sale, the insider now directly owns 11,301 shares in the company, valued at approximately $1,454,664.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,077,803 shares of company stock valued at $325,526,849. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock opened at $151.97 on Tuesday. The firm has a market cap of $15.37 billion, a PE ratio of 74.50, a price-to-earnings-growth ratio of 21.79 and a beta of 1.49. Hyatt Hotels Co. has a 12-month low of $96.77 and a 12-month high of $161.50. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. The company’s fifty day simple moving average is $149.87 and its two-hundred day simple moving average is $129.28.

Hyatt Hotels (NYSE:H) last announced its earnings results on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.26. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.56 billion. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. During the same quarter in the previous year, the firm posted $2.55 EPS. As a group, equities analysts expect that Hyatt Hotels Co. will post 3.24 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Tuesday, February 27th. Hyatt Hotels’s payout ratio is 29.41%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on H shares. Royal Bank of Canada raised their price objective on shares of Hyatt Hotels from $37.00 to $41.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 14th. Evercore ISI reiterated an “in-line” rating and issued a $135.00 target price on shares of Hyatt Hotels in a research report on Monday, February 5th. Wells Fargo & Company lifted their target price on shares of Hyatt Hotels from $138.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Jefferies Financial Group lifted their target price on shares of Hyatt Hotels from $104.00 to $127.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hyatt Hotels from $162.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and an average target price of $140.53.

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.