Hyatt Hotels Co. (NYSE:H) Holdings Decreased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd cut its position in shares of Hyatt Hotels Co. (NYSE:H) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,969 shares of the company’s stock after selling 650 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Hyatt Hotels were worth $1,565,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Hyatt Hotels during the 3rd quarter worth $30,000. Versant Capital Management Inc boosted its holdings in shares of Hyatt Hotels by 583.3% during the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock valued at $32,000 after acquiring an additional 175 shares during the period. UMB Bank n.a. grew its position in shares of Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after acquiring an additional 104 shares during the last quarter. Blue Trust Inc. lifted its position in Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after purchasing an additional 213 shares during the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in Hyatt Hotels during the 3rd quarter valued at about $51,000. Institutional investors own 73.54% of the company’s stock.

Insiders Place Their Bets

In related news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the transaction, the insider now owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 23.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on H shares. Bank of America lifted their price target on Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, October 21st. Morgan Stanley reduced their price target on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. HSBC lowered 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. Macquarie decreased their target price on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Mizuho dropped their price target on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Fourteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $156.38.

Hyatt Hotels Price Performance

NYSE H opened at $162.05 on Tuesday. 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 firm has a market capitalization of $15.56 billion, a price-to-earnings ratio of 12.21 and a beta of 1.48. The company has a 50 day simple moving average of $157.52 and a 200-day simple moving average of $152.36. Hyatt Hotels Co. has a 52-week low of $125.44 and a 52-week high of $168.20.

About Hyatt Hotels

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.