Norges Bank Purchases Shares of 392,228 Hyatt Hotels Co. (NYSE:H)

Norges Bank acquired a new position in shares of Hyatt Hotels Co. (NYSE:H) during the 4th quarter, Holdings Channel reports. The fund acquired 392,228 shares of the company’s stock, valued at approximately $61,572,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of H. Geode Capital Management LLC raised its position in Hyatt Hotels by 1.0% during the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after purchasing an additional 7,440 shares during the period. TT International Asset Management LTD bought a new position in shares of Hyatt Hotels during the 4th quarter valued at approximately $5,283,000. World Investment Advisors LLC purchased a new stake in Hyatt Hotels during the 3rd quarter valued at $4,520,000. Versant Capital Management Inc lifted its position in Hyatt Hotels by 583.3% in the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Hyatt Hotels by 17.2% during the fourth quarter. GAMMA Investing LLC now owns 1,056 shares of the company’s stock worth $166,000 after buying an additional 155 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on H. Susquehanna increased their target price on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Barclays reduced their price objective on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Truist Financial dropped their target price on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. increased their price target on Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group cut their price objective on Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Hyatt Hotels currently has an average rating of “Hold” and a consensus price target of $161.97.

Hyatt Hotels Trading Down 7.6 %

NYSE:H opened at $115.33 on Friday. 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 firm has a 50-day simple moving average of $139.64 and a 200-day simple moving average of $149.54. Hyatt Hotels Co. has a one year low of $114.02 and a one year high of $168.20. The firm has a market cap of $11.09 billion, a P/E ratio of 9.27 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the prior year, the company earned $0.64 EPS. Equities analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders 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 annualized dividend and a yield of 0.52%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Insiders Place Their Bets

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark R. Vondrasek sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 9,337 shares in the company, valued at $1,090,561.60. The trade was a 51.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,600 shares of company stock worth $1,517,798. 23.50% of the stock is owned by corporate insiders.

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.