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

Versant Capital Management Inc lifted its stake in Hyatt Hotels Co. (NYSE:H) by 583.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 205 shares of the company’s stock after buying an additional 175 shares during the period. Versant Capital Management Inc’s holdings in Hyatt Hotels were worth $32,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Hyatt Hotels by 1.0% during the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after buying an additional 7,440 shares during the period. Andra AP fonden boosted its holdings in Hyatt Hotels by 51.2% during the 2nd quarter. Andra AP fonden now owns 35,400 shares of the company’s stock valued at $5,378,000 after acquiring an additional 11,994 shares during the period. III Capital Management purchased a new position in Hyatt Hotels during the 2nd quarter valued at $871,000. Assetmark Inc. grew its position in Hyatt Hotels by 162.2% in the 3rd quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock valued at $7,464,000 after acquiring an additional 30,339 shares during the last quarter. Finally, Bamco Inc. NY increased its stake in Hyatt Hotels by 1.3% in the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after purchasing an additional 68,608 shares during the period. Institutional investors own 73.54% of the company’s stock.

Insider Activity

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. HSBC cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Barclays raised their target price on shares of Hyatt Hotels from $144.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. The Goldman Sachs Group boosted their price target on Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Cfra set a $155.00 target price on Hyatt Hotels in a research report on Thursday, October 17th. Fifteen 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $155.21.

Hyatt Hotels Trading Down 0.3 %

NYSE:H opened at $153.23 on Wednesday. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 11.55 and a beta of 1.48. Hyatt Hotels Co. has a 52 week low of $124.40 and a 52 week high of $168.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $156.22 and a 200 day moving average of $151.55.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm earned $0.70 EPS. As a group, sell-side analysts anticipate that Hyatt Hotels Co. will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

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.