Hsbc Holdings PLC Increases Stock Position in Hyatt Hotels Corporation $H

Hsbc Holdings PLC lifted its stake in Hyatt Hotels Corporation (NYSE:H) by 598.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 74,659 shares of the company’s stock after purchasing an additional 63,965 shares during the period. Hsbc Holdings PLC’s holdings in Hyatt Hotels were worth $12,005,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bamco Inc. NY raised its stake in Hyatt Hotels by 2.7% during the 3rd quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after buying an additional 161,461 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Hyatt Hotels by 48.0% in the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after buying an additional 1,516,554 shares during the last quarter. Veritas Asset Management LLP boosted its stake in shares of Hyatt Hotels by 827.9% in the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after buying an additional 1,695,616 shares during the last quarter. Bank of Nova Scotia grew its holdings in shares of Hyatt Hotels by 2.8% in the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock worth $257,352,000 after acquiring an additional 43,733 shares during the period. Finally, Bank of America Corp DE increased its position in Hyatt Hotels by 15.8% during the third quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after acquiring an additional 193,530 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on H shares. Barclays raised their target price on Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Sanford C. Bernstein raised their price objective on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Mizuho boosted their target price on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Morgan Stanley upped their target price on shares of Hyatt Hotels from $195.00 to $208.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Stifel Nicolaus set a $182.00 price target on shares of Hyatt Hotels in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $192.40.

Hyatt Hotels Stock Down 0.1%

NYSE H opened at $197.10 on Friday. Hyatt Hotels Corporation has a 52 week low of $133.51 and a 52 week high of $206.86. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $18.56 billion, a P/E ratio of -563.13 and a beta of 1.33. The stock’s 50-day moving average price is $179.28 and its 200-day moving average price is $165.96.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the firm posted $0.46 EPS. On average, equities research analysts predict that Hyatt Hotels Corporation will post 3.58 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 29th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. Hyatt Hotels’s payout ratio is -171.43%.

Insider Activity at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,119 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $174.51, for a total value of $195,276.69. Following the completion of the transaction, the director owned 31,225 shares of the company’s stock, valued at $5,449,074.75. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Peter Sears sold 10,217 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the sale, the insider owned 6,374 shares of the company’s stock, valued at $1,183,396.84. This represents a 61.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 236,658 shares of company stock worth $39,977,159 in the last 90 days. Company insiders own 23.60% of the company’s stock.

Hyatt Hotels Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.