Sumitomo Mitsui DS Asset Management Company Ltd Has $1.57 Million Holdings in Hyatt Hotels Co. (NYSE:H)

Sumitomo Mitsui DS Asset Management Company Ltd decreased its stake in shares of Hyatt Hotels Co. (NYSE:H) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,969 shares of the company’s stock after selling 650 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Hyatt Hotels were worth $1,565,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in H. Bamco Inc. NY grew its holdings in Hyatt Hotels by 1.3% during the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after purchasing an additional 68,608 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Hyatt Hotels by 3.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock worth $267,192,000 after buying an additional 56,082 shares during the period. State Street Corp raised its holdings in Hyatt Hotels by 0.4% in the 3rd quarter. State Street Corp now owns 1,441,148 shares of the company’s stock worth $219,343,000 after acquiring an additional 6,007 shares during the period. Geode Capital Management LLC lifted its position in Hyatt Hotels by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after acquiring an additional 7,440 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in Hyatt Hotels by 3.8% during the fourth quarter. Artemis Investment Management LLP now owns 257,753 shares of the company’s stock valued at $40,462,000 after acquiring an additional 9,345 shares during the period. 73.54% of the stock is owned by institutional investors.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the transaction, the insider now owns 5,798 shares in the company, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on H shares. Hsbc Global Res raised Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. Bank of America raised their price objective on shares of Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Mizuho cut their target price on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Robert W. Baird raised their price target on shares of Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Morgan Stanley cut their price objective on shares of 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. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels presently has an average rating of “Hold” and a consensus price target of $156.38.

Hyatt Hotels Stock Down 1.2 %

Shares of NYSE H opened at $162.05 on Tuesday. The business has a fifty day moving average of $157.52 and a two-hundred day moving average of $152.36. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. Hyatt Hotels Co. has a 52-week low of $125.44 and a 52-week high of $168.20. The stock has a market cap of $15.56 billion, a PE ratio of 12.21 and a beta of 1.48.

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.