Hyatt Hotels Corporation $H Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its position in Hyatt Hotels Corporation (NYSE:H) by 95.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the company’s stock after selling 209,100 shares during the period. Handelsbanken Fonder AB’s holdings in Hyatt Hotels were worth $1,396,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SCS Capital Management LLC purchased a new stake in Hyatt Hotels during the first quarter worth approximately $407,000. ASR Vermogensbeheer N.V. acquired a new position in shares of Hyatt Hotels during the 1st quarter valued at $1,155,000. Russell Investments Group Ltd. boosted its position in Hyatt Hotels by 12.7% during the 1st quarter. Russell Investments Group Ltd. now owns 27,651 shares of the company’s stock worth $3,386,000 after purchasing an additional 3,117 shares during the period. Long Pond Capital LP acquired a new stake in Hyatt Hotels in the 1st quarter valued at $191,922,000. Finally, Sovereign Financial Group Inc. purchased a new position in Hyatt Hotels in the second quarter valued at about $392,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Buying and Selling

In related news, insider Peter Sears sold 12,394 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the transaction, the insider directly owned 5,594 shares in the company, valued at $869,922.94. This trade represents a 68.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David Udell sold 4,131 shares of Hyatt Hotels stock in a transaction on Friday, November 7th. The stock was sold at an average price of $151.10, for a total transaction of $624,194.10. Following the completion of the transaction, the insider directly owned 16,756 shares of the company’s stock, valued at approximately $2,531,831.60. This represents a 19.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 23,586 shares of company stock worth $3,611,550. 23.70% of the stock is currently owned by company insiders.

Hyatt Hotels Stock Down 0.0%

Shares of NYSE:H opened at $166.37 on Friday. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month high of $168.20. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The firm has a market cap of $15.80 billion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 2.54 and a beta of 1.43. The company has a fifty day simple moving average of $147.75 and a 200 day simple moving average of $142.52.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.79). The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.Hyatt Hotels’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 earnings per share. On average, equities research analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, November 24th. This represents a $0.60 annualized dividend and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio is presently -64.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on H shares. Barclays upped their target price on Hyatt Hotels from $156.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Robert W. Baird increased their price objective on shares of Hyatt Hotels from $154.00 to $156.00 and gave the company a “neutral” rating in a research report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Tuesday. Wall Street Zen downgraded shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Hyatt Hotels in a research note on Monday. They set an “overweight” rating and a $178.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus target price of $158.33.

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.