Nomura Asset Management Co. Ltd. Raises Holdings in Hyatt Hotels Co. (NYSE:H)

Nomura Asset Management Co. Ltd. boosted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 19.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,996 shares of the company’s stock after acquiring an additional 2,300 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Hyatt Hotels were worth $2,130,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. MML Investors Services LLC increased its holdings in Hyatt Hotels by 5.3% in the third quarter. MML Investors Services LLC now owns 5,249 shares of the company’s stock valued at $799,000 after buying an additional 262 shares in the last quarter. Kensington Investment Counsel LLC increased its stake in shares of Hyatt Hotels by 2.9% in the 3rd quarter. Kensington Investment Counsel LLC now owns 13,509 shares of the company’s stock valued at $2,056,000 after purchasing an additional 377 shares in the last quarter. XTX Topco Ltd purchased a new position in Hyatt Hotels during the third quarter worth approximately $1,587,000. iSAM Funds UK Ltd acquired a new stake in Hyatt Hotels in the third quarter valued at approximately $287,000. Finally, iA Global Asset Management Inc. acquired a new stake in Hyatt Hotels in the third quarter valued at approximately $51,000. 73.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hyatt Hotels

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

Hyatt Hotels Stock Down 0.3 %

Shares of NYSE H opened at $158.99 on Friday. The company has a market capitalization of $15.27 billion, a P/E ratio of 11.98 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The company has a 50 day simple moving average of $154.99 and a 200-day simple moving average of $150.36. Hyatt Hotels Co. has a 1 year low of $124.40 and a 1 year high of $168.20.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating 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 company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business earned $0.70 earnings per share. On average, equities research analysts predict that Hyatt Hotels Co. will post 3.89 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders 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 0.38%. The ex-dividend date of this dividend was Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Analyst Ratings Changes

H has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Sanford C. Bernstein dropped their target price on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Bank of America upped their price target on shares of Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Stifel Nicolaus lifted their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Finally, HSBC downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research report on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $152.88.

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.