Keybank National Association OH Decreases Stake in Hyatt Hotels Co. (H)

Keybank National Association OH lowered its position in shares of Hyatt Hotels Co. (NYSE:H) by 6.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,608 shares of the company’s stock after selling 440 shares during the quarter. Keybank National Association OH’s holdings in Hyatt Hotels were worth $447,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Hyatt Hotels by 110.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,350 shares of the company’s stock worth $88,055,000 after acquiring an additional 580,125 shares during the period. Alliancebernstein L.P. boosted its holdings in Hyatt Hotels by 108.0% in the 3rd quarter. Alliancebernstein L.P. now owns 95,512 shares of the company’s stock worth $7,602,000 after acquiring an additional 49,600 shares during the period. Vanguard Group Inc. boosted its holdings in Hyatt Hotels by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,880,760 shares of the company’s stock worth $308,870,000 after acquiring an additional 38,758 shares during the period. Vanguard Group Inc boosted its holdings in Hyatt Hotels by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 3,880,760 shares of the company’s stock worth $308,870,000 after acquiring an additional 38,758 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in Hyatt Hotels in the 3rd quarter worth approximately $1,398,000. Institutional investors and hedge funds own 36.54% of the company’s stock.

In other Hyatt Hotels news, insider Featherman Trust sold 72,569 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $68.90, for a total value of $5,000,004.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jnp Parachute Mirror Trust B sold 2,246 shares of the stock in a transaction on Wednesday, December 26th. The stock was sold at an average price of $64.99, for a total value of $145,967.54. The disclosure for this sale can be found here. Corporate insiders own 18.40% of the company’s stock.

Hyatt Hotels stock opened at $70.20 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.17 and a quick ratio of 2.15. The company has a market cap of $7.71 billion, a PE ratio of 39.44, a price-to-earnings-growth ratio of 3.05 and a beta of 1.12. Hyatt Hotels Co. has a 52 week low of $63.45 and a 52 week high of $84.89.

Several research firms have recently commented on H. Robert W. Baird set a $88.00 target price on Hyatt Hotels and gave the company a “buy” rating in a research note on Friday, October 19th. Zacks Investment Research upgraded Hyatt Hotels from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Wednesday, December 5th. Wells Fargo & Co reiterated a “buy” rating on shares of Hyatt Hotels in a research note on Friday, January 25th. SunTrust Banks reduced their target price on Hyatt Hotels to $78.00 and set a “hold” rating for the company in a research note on Thursday, November 1st. Finally, Deutsche Bank reduced their target price on Hyatt Hotels from $83.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, November 1st. Fifteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $78.86.

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Hyatt Hotels Profile

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

Further Reading: The risks of owning bonds

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Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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