Hyatt Hotels Co. (NYSE:H) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in shares of Hyatt Hotels Co. (NYSE:H) by 1.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,320 shares of the company’s stock after purchasing an additional 339 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Hyatt Hotels were worth $2,876,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in Hyatt Hotels by 583.3% in the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock valued at $32,000 after buying an additional 175 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after acquiring an additional 104 shares during the period. iA Global Asset Management Inc. purchased a new stake in Hyatt Hotels in the 3rd quarter valued at $51,000. Venturi Wealth Management LLC boosted its stake in Hyatt Hotels by 750.0% during the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after purchasing an additional 300 shares during the period. Finally, Fifth Third Bancorp grew 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 purchasing an additional 113 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. The Goldman Sachs Group decreased their price objective on Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Jefferies Financial Group boosted their target price on Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Mizuho decreased their price target on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Finally, Truist Financial dropped their price objective on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Hyatt Hotels currently has an average rating of “Hold” and a consensus 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 stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now owns 37,927 shares in the company, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark R. Vondrasek sold 10,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,090,561.60. This trade represents a 51.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,600 shares of company stock worth $1,517,798. 23.50% of the stock is owned by corporate insiders.

Hyatt Hotels Trading Down 4.9 %

Shares of H opened at $109.63 on Friday. The firm’s 50-day moving average is $138.73 and its two-hundred day moving average is $149.30. Hyatt Hotels Co. has a twelve month low of $107.47 and a twelve month high of $168.20. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $10.54 billion, a P/E ratio of 8.81 and a beta of 1.35.

Hyatt Hotels (NYSE:H) last released 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 during the quarter, compared to analysts’ expectations 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 business earned $0.64 earnings per share. On average, research analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a $0.15 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.55%. Hyatt Hotels’s payout ratio is 4.82%.

About Hyatt Hotels

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.