The Manufacturers Life Insurance Company decreased its holdings in Hyatt Hotels Co. (NYSE:H) by 7.8% during the fourth quarter, according to its latest 13F filing with the Securities and Exchange Commission. The firm retained 34,102 shares valued at $5,353,000.
Other institutional investors made significant changes to their Hyatt Hotels positions:
- Raymond James Financial Inc. acquired a new stake worth approximately $77,136,000
- Invesco Ltd. increased its holdings by 241.4%, now owning 679,557 shares valued at $106,677,000
- Norges Bank established a new position worth about $61,572,000
- KBC Group NV boosted its holdings by 978.3%, now owning 108,966 shares valued at $17,106,000
- Landmark Investment Partners L.P. acquired a new stake worth $11,772,000
Currently, 73.54% of Hyatt Hotels’ stock is held by institutional investors.
Analyst Ratings and Price Targets
Several equities research analysts have recently issued reports on Hyatt Hotels:
- Wells Fargo & Company: Maintained ‘overweight’ rating, lowered target from $172.00 to $170.00
- Stifel Nicolaus: ‘Hold’ rating, lowered target from $156.75 to $132.00
- Susquehanna: ‘Neutral’ rating, raised target from $150.00 to $155.00
- Barclays: ‘Equal weight’ rating, raised target from $122.00 to $127.00
- Mizuho: ‘Outperform’ rating, lowered target from $207.00 to $201.00
The stock has a consensus ‘Hold’ rating with an average price target of $151.17.
Company Performance and Dividend
Hyatt Hotels recently reported Q1 earnings of $0.46 per share, exceeding the consensus estimate of $0.30. The company announced a quarterly dividend of $0.15 per share, payable on June 11th.
Insider Activity
Insiders have sold shares recently:
- Mark R. Vondrasek sold 10,000 shares (51.71% reduction in holdings)
- Kinsey Wolf sold 1,000 shares (55.22% reduction in holdings)
- Total insider sales over the last 90 days: 12,600 shares valued at $1,517,798
Hyatt Hotels Corporation operates as a global hospitality company, managing and franchising a portfolio of hotels and resorts. The company has a market cap of $11.90 billion and a P/E ratio of 9.95. Insiders own 23.70% of the stock.
