HighTower Advisors LLC Sells 232 Shares of Hyatt Hotels Co. (NYSE:H)

HighTower Advisors LLC trimmed its stake in shares of Hyatt Hotels Co. (NYSE:H) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 126,893 shares of the company’s stock after selling 232 shares during the quarter. HighTower Advisors LLC owned 0.13% of Hyatt Hotels worth $19,920,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in H. Versant Capital Management Inc increased its stake in Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after acquiring an additional 175 shares during the last quarter. UMB Bank n.a. increased its stake in Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after acquiring an additional 104 shares during the last quarter. iA Global Asset Management Inc. bought a new position in Hyatt Hotels in the 3rd quarter worth about $51,000. Venturi Wealth Management LLC increased its stake in Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after acquiring an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake 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 acquiring an additional 113 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.

Insider Transactions at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This trade represents a 4.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Trading Up 1.2 %

NYSE H opened at $122.28 on Friday. Hyatt Hotels Co. has a fifty-two week low of $119.30 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a 50 day simple moving average of $148.28 and a two-hundred day simple moving average of $151.90. The stock has a market cap of $11.76 billion, a P/E ratio of 9.83 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the company posted $0.64 EPS. On average, analysts forecast that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s dividend payout ratio is currently 4.82%.

Analyst Upgrades and Downgrades

H has been the subject of a number of research reports. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. JPMorgan Chase & Co. upped their price objective on Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Mizuho cut their price objective on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Jefferies Financial Group upped their price objective on Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Macquarie cut their price objective on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Hyatt Hotels presently has a consensus rating of “Hold” and an average price target of $162.24.

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.