Aster Capital Management DIFC Ltd Grows Position in Hyatt Hotels Co. (NYSE:H)

Aster Capital Management DIFC Ltd lifted its holdings in Hyatt Hotels Co. (NYSE:H) by 120.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,518 shares of the company’s stock after buying an additional 829 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Hyatt Hotels were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of H. Russell Investments Group Ltd. boosted its stake in Hyatt Hotels by 50.8% during the fourth quarter. Russell Investments Group Ltd. now owns 24,534 shares of the company’s stock worth $3,854,000 after buying an additional 8,270 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Hyatt Hotels by 2.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 112,638 shares of the company’s stock worth $17,682,000 after acquiring an additional 3,028 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in shares of Hyatt Hotels during the 4th quarter valued at about $2,019,000. Wells Fargo & Company MN increased its position in Hyatt Hotels by 2.3% during the fourth quarter. Wells Fargo & Company MN now owns 176,645 shares of the company’s stock worth $27,730,000 after purchasing an additional 4,055 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Hyatt Hotels by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company’s stock worth $447,376,000 after purchasing an additional 9,477 shares during the period. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Wells Fargo & Company reduced their target price on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Susquehanna increased their price target on Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Finally, Evercore ISI raised shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 target price on the stock in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and an average price target of $161.97.

Hyatt Hotels Stock Performance

Shares of H stock opened at $105.71 on Tuesday. The firm has a 50 day moving average of $137.73 and a two-hundred day moving average of $148.97. The stock has a market capitalization of $10.16 billion, a PE ratio of 8.50 and a beta of 1.35. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a 52 week low of $102.74 and a 52 week high of $168.20.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The company 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 quarter last year, the business posted $0.64 earnings per share. On average, research analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a $0.15 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.57%. Hyatt Hotels’s dividend payout ratio (DPR) is 4.82%.

Insider Buying and Selling

In other news, insider Mark R. Vondrasek sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the sale, the insider now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the transaction, the director now directly owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,600 shares of company stock worth $1,517,798 over the last 90 days. 23.50% of the stock is owned by 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.