Hyatt Hotels Co. (NYSE:H) Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. boosted its position in Hyatt Hotels Co. (NYSE:H) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 4,341 shares of the company’s stock after acquiring an additional 99 shares during the quarter. Bridges Investment Management Inc.’s holdings in Hyatt Hotels were worth $681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Creative Planning raised its holdings in Hyatt Hotels by 7.1% in the 3rd quarter. Creative Planning now owns 4,544 shares of the company’s stock valued at $692,000 after buying an additional 300 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Hyatt Hotels by 18.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,035 shares of the company’s stock valued at $310,000 after buying an additional 321 shares during the period. State of Alaska Department of Revenue raised its holdings in Hyatt Hotels by 7.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,260 shares of the company’s stock valued at $800,000 after buying an additional 350 shares during the period. Nisa Investment Advisors LLC raised its holdings in Hyatt Hotels by 21.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 620 shares of the company’s stock valued at $94,000 after buying an additional 110 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in Hyatt Hotels by 7.7% in the 3rd quarter. QRG Capital Management Inc. now owns 19,080 shares of the company’s stock valued at $2,904,000 after buying an additional 1,368 shares during the period. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $140.93 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a twelve month low of $128.91 and a twelve month high of $168.20. The stock has a 50 day moving average of $153.53 and a two-hundred day moving average of $152.93. The stock has a market cap of $13.55 billion, a P/E ratio of 11.33 and a beta of 1.48.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.42 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 company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the company earned $0.64 EPS. On average, research analysts forecast that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on H shares. Barclays dropped their target price on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Susquehanna lifted their target price on Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Macquarie dropped their target price on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group lifted their target price on Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their target price on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hyatt Hotels has an average rating of “Hold” and an average target price of $162.55.

Hyatt Hotels Profile

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.