Hyatt Hotels Corporation $H Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Hyatt Hotels Corporation (NYSE:H) by 399.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,096 shares of the company’s stock after purchasing an additional 5,675 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Hyatt Hotels were worth $1,007,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in shares of Hyatt Hotels by 21.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after purchasing an additional 843,121 shares in the last quarter. Veritas Asset Management LLP purchased a new position in Hyatt Hotels during the third quarter worth $29,067,000. Sovereign Financial Group Inc. acquired a new position in shares of Hyatt Hotels in the second quarter worth $392,000. Davidson Investment Advisors purchased a new stake in shares of Hyatt Hotels in the third quarter valued at $9,990,000. Finally, Vontobel Holding Ltd. boosted its stake in shares of Hyatt Hotels by 7.1% during the second quarter. Vontobel Holding Ltd. now owns 2,055 shares of the company’s stock valued at $287,000 after acquiring an additional 136 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hyatt Hotels

In other news, insider David Udell sold 4,300 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total value of $713,800.00. Following the transaction, the insider owned 13,746 shares of the company’s stock, valued at approximately $2,281,836. This trade represents a 23.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Javier Aguila sold 9,548 shares of Hyatt Hotels stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the transaction, the insider owned 2,684 shares in the company, valued at $445,195.08. The trade was a 78.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 23.70% of the company’s stock.

Hyatt Hotels Stock Up 2.2%

Shares of NYSE H opened at $163.19 on Monday. The stock has a market capitalization of $15.50 billion, a PE ratio of -175.47, a P/E/G ratio of 2.05 and a beta of 1.27. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.47. The firm has a fifty day moving average of $162.48 and a 200-day moving average of $151.44. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $174.58.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. Hyatt Hotels’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 EPS. On average, analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on H shares. Stifel Nicolaus upped their target price on shares of Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a report on Wednesday, December 31st. Evercore reissued an “in-line” rating and set a $175.00 price objective (up previously from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Morgan Stanley lifted their target price on shares of Hyatt Hotels from $168.00 to $194.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Robert W. Baird increased their price target on Hyatt Hotels from $154.00 to $156.00 and gave the stock a “neutral” rating in a research note on Thursday, November 20th. Finally, The Goldman Sachs Group initiated coverage on Hyatt Hotels in a research report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $172.13.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.