Altshuler Shaham Ltd Cuts Holdings in Hyatt Hotels Co. (NYSE:H)

Altshuler Shaham Ltd decreased its holdings in Hyatt Hotels Co. (NYSE:H) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,217 shares of the company’s stock after selling 514 shares during the quarter. Altshuler Shaham Ltd’s holdings in Hyatt Hotels were worth $505,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bernard Wealth Management Corp. purchased a new position in Hyatt Hotels in the fourth quarter valued at about $26,000. Versant Capital Management Inc increased its position in shares of 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 in the last quarter. UMB Bank n.a. boosted its position 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 worth $33,000 after buying an additional 104 shares in the last quarter. Venturi Wealth Management LLC raised its position in Hyatt Hotels by 750.0% during the fourth 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 shares of 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 in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Price Performance

H stock opened at $105.94 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. Hyatt Hotels Co. has a 1 year low of $102.43 and a 1 year high of $168.20. The stock has a 50-day simple moving average of $128.85 and a 200-day simple moving average of $146.32. The firm has a market cap of $10.19 billion, a P/E ratio of 8.52 and a beta of 1.35.

Hyatt Hotels (NYSE:H) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm earned $0.64 EPS. On average, equities analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s payout ratio is currently 4.82%.

Analyst Ratings Changes

A number of research firms have recently weighed in on H. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Mizuho cut their price objective on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Robert W. Baird cut their price target on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Jefferies Financial Group dropped their target price on Hyatt Hotels from $161.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Finally, Evercore ISI raised shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $155.22.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,600 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the transaction, the director now directly owns 37,927 shares in the company, valued at approximately $5,377,290.06. This trade represents a 4.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total transaction of $122,950.00. Following the sale, the insider now directly owns 811 shares of the company’s stock, valued at approximately $99,712.45. This represents a 55.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,600 shares of company stock worth $1,517,798 in the last ninety days. 23.50% of the stock is owned by insiders.

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.