QRG Capital Management Inc. Boosts Stake in Hyatt Hotels Co. (NYSE:H)

QRG Capital Management Inc. boosted its position in shares of Hyatt Hotels Co. (NYSE:H) by 5.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,086 shares of the company’s stock after acquiring an additional 1,006 shares during the period. QRG Capital Management Inc.’s holdings in Hyatt Hotels were worth $3,153,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its holdings in shares of Hyatt Hotels by 0.4% in the 3rd 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 last quarter. UMB Bank n.a. grew its position in Hyatt Hotels by 99.0% in 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 in the last quarter. Nisa Investment Advisors LLC increased its stake in Hyatt Hotels by 21.6% during the third quarter. Nisa Investment Advisors LLC now owns 620 shares of the company’s stock worth $94,000 after acquiring an additional 110 shares during the last quarter. Fifth Third Bancorp raised its position in Hyatt Hotels by 31.9% during the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after purchasing an additional 113 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of Hyatt Hotels by 10.3% in the 4th quarter. Principal Securities Inc. now owns 1,579 shares of the company’s stock valued at $248,000 after purchasing an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

Shares of H stock opened at $140.93 on Friday. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 11.33 and a beta of 1.48. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a twelve month low of $128.91 and a twelve month high of $168.20. The stock has a fifty day simple moving average of $153.53 and a two-hundred day simple moving average of $152.83.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period last year, the company earned $0.64 earnings per share. On average, analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Hyatt Hotels’s payout ratio is 4.82%.

Wall Street Analyst Weigh In

H has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Jefferies Financial Group boosted their price objective on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group raised their target price on shares of Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Macquarie cut their price target on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Finally, Barclays decreased their price objective on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels has a consensus rating of “Hold” and an average price target of $162.55.

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.