Versant Capital Management Inc Raises Stake in Hyatt Hotels Co. (NYSE:H)

Versant Capital Management Inc increased its holdings in Hyatt Hotels Co. (NYSE:H) by 583.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 205 shares of the company’s stock after purchasing an additional 175 shares during the period. Versant Capital Management Inc’s holdings in Hyatt Hotels were worth $32,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. increased its stake in shares of Hyatt Hotels by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock worth $2,365,000 after buying an additional 66 shares during the period. PFG Investments LLC boosted its holdings in shares of Hyatt Hotels by 1.5% during the third quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock worth $738,000 after purchasing an additional 70 shares during the period. Hunter Associates Investment Management LLC increased its holdings in Hyatt Hotels by 0.6% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock valued at $2,601,000 after purchasing an additional 95 shares during the period. AdvisorShares Investments LLC lifted its holdings in Hyatt Hotels by 23.9% in the 2nd quarter. AdvisorShares Investments LLC now owns 559 shares of the company’s stock worth $83,000 after buying an additional 108 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Hyatt Hotels by 21.6% during the third quarter. Nisa Investment Advisors LLC now owns 620 shares of the company’s stock valued at $94,000 after buying an additional 110 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on H shares. Robert W. Baird increased their price target on shares of Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Jefferies Financial Group raised their target price on Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Evercore ISI lifted their price target on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Wells Fargo & Company decreased their price objective on Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Hold” and an average price target of $155.21.

Hyatt Hotels Price Performance

NYSE H opened at $153.23 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The business’s fifty day moving average is $156.22 and its 200 day moving average is $151.55. The company has a market capitalization of $14.72 billion, a PE ratio of 11.55 and a beta of 1.48. Hyatt Hotels Co. has a fifty-two week low of $124.40 and a fifty-two week high of $168.20.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same quarter in the previous year, the firm earned $0.70 earnings per share. Sell-side analysts predict that Hyatt Hotels Co. will post 3.89 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.39%. The ex-dividend date was Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the transaction, the insider now owns 5,798 shares of the company’s stock, valued at $927,622.02. This represents a 39.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 23.50% of the stock is owned by insiders.

Hyatt Hotels Company 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.