Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in Hyatt Hotels Co. (NYSE:H)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in Hyatt Hotels Co. (NYSE:H) by 2,087.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,500 shares of the company’s stock after acquiring an additional 16,700 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Hyatt Hotels were worth $2,664,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. LRI Investments LLC purchased a new position in Hyatt Hotels during the 1st quarter valued at about $26,000. GAMMA Investing LLC boosted its stake in shares of Hyatt Hotels by 17.6% in the second quarter. GAMMA Investing LLC now owns 767 shares of the company’s stock valued at $117,000 after purchasing an additional 115 shares during the period. DNB Asset Management AS grew its holdings in shares of Hyatt Hotels by 4.4% in the second quarter. DNB Asset Management AS now owns 6,651 shares of the company’s stock valued at $1,010,000 after purchasing an additional 278 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Hyatt Hotels during the 2nd quarter worth approximately $56,000. Finally, New England Research & Management Inc. lifted its holdings in Hyatt Hotels by 17.8% during the 2nd quarter. New England Research & Management Inc. now owns 4,625 shares of the company’s stock worth $703,000 after buying an additional 700 shares in the last quarter. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $157.94 on Friday. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of 11.90 and a beta of 1.50. The firm’s fifty day simple moving average is $153.60 and its 200-day simple moving average is $149.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. Hyatt Hotels Co. has a 12 month low of $112.85 and a 12 month high of $162.24.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company earned $0.70 earnings per share. As a group, equities analysts forecast that Hyatt Hotels Co. will post 3.89 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s payout ratio is currently 4.52%.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the sale, the insider now owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.50% of the company’s stock.

Analysts Set New Price Targets

H has been the topic of several analyst reports. HSBC cut Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price objective on the stock. in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Morgan Stanley lowered their price objective on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Robert W. Baird raised their target price on shares of Hyatt Hotels from $157.00 to $158.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Bank of America increased their price objective on shares of Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus price target of $151.88.

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.