Nomura Asset Management Co. Ltd. Sells 1,552 Shares of Hyatt Hotels Co. (NYSE:H)

Nomura Asset Management Co. Ltd. reduced its holdings in Hyatt Hotels Co. (NYSE:HFree Report) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,990 shares of the company’s stock after selling 1,552 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Hyatt Hotels were worth $1,433,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC increased its holdings in shares of Hyatt Hotels by 49.8% in the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after acquiring an additional 127 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Hyatt Hotels during the fourth quarter worth about $59,000. Banque Cantonale Vaudoise bought a new position in shares of Hyatt Hotels during the third quarter worth about $83,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Hyatt Hotels by 195.7% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,369 shares of the company’s stock worth $179,000 after buying an additional 906 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Hyatt Hotels during the fourth quarter worth about $179,000. 71.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on H shares. Robert W. Baird boosted their price target on Hyatt Hotels from $160.00 to $162.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. TD Cowen boosted their price target on Hyatt Hotels from $95.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Mizuho boosted their price target on Hyatt Hotels from $195.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Barclays boosted their price target on Hyatt Hotels from $153.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Finally, Sanford C. Bernstein boosted their price target on Hyatt Hotels from $184.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $148.31.

Read Our Latest Stock Report on Hyatt Hotels

Hyatt Hotels Stock Performance

H opened at $147.47 on Friday. The business has a fifty day simple moving average of $151.80 and a 200 day simple moving average of $139.72. The company has a market capitalization of $14.92 billion, a PE ratio of 22.90 and a beta of 1.49. Hyatt Hotels Co. has a 1 year low of $96.77 and a 1 year high of $161.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

Hyatt Hotels (NYSE:HGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.02). The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. During the same quarter last year, the firm earned $0.41 earnings per share. Research analysts expect that Hyatt Hotels Co. will post 3.29 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.41%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 9.32%.

Insider Activity at Hyatt Hotels

In other news, insider Traubert Foundation Pritzker sold 704,229 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total transaction of $111,247,055.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Mark Samuel Hoplamazian sold 75,457 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the completion of the sale, the insider now directly owns 459,000 shares in the company, valued at approximately $72,737,730. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Traubert Foundation Pritzker sold 704,229 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $157.97, for a total value of $111,247,055.13. The disclosure for this sale can be found here. Insiders sold 2,084,248 shares of company stock worth $326,572,489 in the last ninety days. 23.50% of the stock is owned by company insiders.

About Hyatt Hotels

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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