Korea Investment CORP Lowers Position in Hyatt Hotels Co. (NYSE:H)

Korea Investment CORP lowered its stake in shares of Hyatt Hotels Co. (NYSE:H) by 42.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,782 shares of the company’s stock after selling 5,032 shares during the period. Korea Investment CORP’s holdings in Hyatt Hotels were worth $1,065,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Versant Capital Management Inc increased its position in Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. increased its position in shares of Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after acquiring an additional 104 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in shares of Hyatt Hotels in the 3rd quarter valued at $51,000. Venturi Wealth Management LLC boosted its position in Hyatt Hotels by 750.0% during the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after purchasing an additional 300 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Hyatt Hotels by 31.9% in the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insiders Place Their Bets

In related news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This represents a 4.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the sale, the insider now directly 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. Insiders have sold 12,600 shares of company stock valued at $1,517,798 over the last three months. Company insiders own 23.50% of the company’s stock.

Wall Street Analyst Weigh In

H has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Jefferies Financial Group upped their price target on Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Evercore ISI upgraded shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research note on Wednesday, March 5th. The Goldman Sachs Group decreased their target price on shares of Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Finally, Truist Financial dropped their price target on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $161.97.

Hyatt Hotels Stock Down 0.6 %

H stock opened at $121.77 on Wednesday. The firm has a fifty day moving average price of $141.03 and a two-hundred day moving average price of $149.96. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. Hyatt Hotels Co. has a 1-year low of $116.13 and a 1-year high of $168.20. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 9.79 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share 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 business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the company earned $0.64 EPS. Research analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.49%. Hyatt Hotels’s payout ratio is currently 4.82%.

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.