Oak Thistle LLC Acquires 3,782 Shares of Hyatt Hotels Corporation $H

Oak Thistle LLC boosted its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 89.7% in the third quarter, Holdings Channel.com reports. The fund owned 7,996 shares of the company’s stock after acquiring an additional 3,782 shares during the quarter. Oak Thistle LLC’s holdings in Hyatt Hotels were worth $1,135,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of H. Russell Investments Group Ltd. boosted its stake in shares of Hyatt Hotels by 12.7% during the first quarter. Russell Investments Group Ltd. now owns 27,651 shares of the company’s stock valued at $3,386,000 after purchasing an additional 3,117 shares during the period. AlphaQuest LLC lifted its holdings in Hyatt Hotels by 211.1% during the 1st quarter. AlphaQuest LLC now owns 3,886 shares of the company’s stock valued at $476,000 after buying an additional 2,637 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Hyatt Hotels during the 1st quarter valued at about $2,023,000. Long Pond Capital LP purchased a new stake in Hyatt Hotels in the 1st quarter valued at about $191,922,000. Finally, Redwood Investment Management LLC increased its position in shares of Hyatt Hotels by 18.8% during the first quarter. Redwood Investment Management LLC now owns 10,758 shares of the company’s stock worth $1,318,000 after acquiring an additional 1,706 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

Shares of H stock opened at $162.48 on Friday. The stock’s 50-day moving average is $152.73 and its 200 day moving average is $145.42. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.10. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.69 and a quick ratio of 0.68. The company has a market cap of $15.43 billion, a P/E ratio of -174.71, a PEG ratio of 4.12 and a beta of 1.29.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, November 6th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). Hyatt Hotels had a positive return on equity of 3.22% and a negative net margin of 1.27%.The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Research analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, November 24th. Hyatt Hotels’s dividend payout ratio (DPR) is -64.52%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on H. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday. Truist Financial upped their target price on Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Stifel Nicolaus raised their price target on Hyatt Hotels from $155.00 to $158.00 and gave the company a “hold” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. started coverage on Hyatt Hotels in a report on Monday, November 24th. They issued an “overweight” rating and a $178.00 price objective for the company. Finally, Barclays upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $161.00 to $200.00 in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $161.53.

Insider Buying and Selling at Hyatt Hotels

In other news, insider David Udell sold 4,300 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $166.00, for a total transaction of $713,800.00. Following the transaction, the insider directly owned 13,746 shares of the company’s stock, valued at approximately $2,281,836. This represents a 23.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter Sears sold 12,394 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $155.51, for a total value of $1,927,390.94. Following the sale, the insider owned 5,594 shares of the company’s stock, valued at approximately $869,922.94. This represents a 68.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 23,835 shares of company stock worth $3,737,955 over the last ninety days. Corporate insiders own 23.70% of the company’s stock.

Hyatt Hotels 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.