Rakuten Investment Management Inc. Purchases Shares of 110,867 Hyatt Hotels Corporation $H

Rakuten Investment Management Inc. purchased a new position in shares of Hyatt Hotels Corporation (NYSE:H) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 110,867 shares of the company’s stock, valued at approximately $15,735,000. Rakuten Investment Management Inc. owned 0.12% of Hyatt Hotels as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE lifted its position in Hyatt Hotels by 84.5% during the second quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock worth $171,545,000 after buying an additional 562,611 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Hyatt Hotels by 24.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock valued at $392,548,000 after acquiring an additional 545,003 shares during the last quarter. GRS Advisors LLC purchased a new position in shares of Hyatt Hotels during the 2nd quarter worth about $74,264,000. Mane Global Capital Management LP purchased a new position in shares of Hyatt Hotels during the 2nd quarter worth about $47,007,000. Finally, Par Capital Management Inc. boosted its position in shares of Hyatt Hotels by 551.8% in the second quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock worth $51,847,000 after acquiring an additional 314,300 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 NYSE H opened at $163.72 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.69 and a quick ratio of 0.68. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $174.58. The company has a market capitalization of $15.55 billion, a price-to-earnings ratio of -176.05, a PEG ratio of 1.80 and a beta of 1.29. The business has a 50-day moving average of $161.86 and a 200-day moving average of $150.46.

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

Hyatt Hotels Announces Dividend

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

Insider Activity at Hyatt Hotels

In related news, insider Peter Sears sold 12,394 shares of Hyatt Hotels stock in a transaction on Monday, November 10th. The shares were sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the sale, the insider owned 5,594 shares of the company’s stock, valued at $869,922.94. The trade was a 68.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Javier Aguila sold 9,548 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the completion of the transaction, the insider owned 2,684 shares in the company, valued at $445,195.08. This represents a 78.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 33,383 shares of company stock valued at $5,321,682. Corporate insiders own 23.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on H shares. Morgan Stanley increased their price target on shares of Hyatt Hotels from $168.00 to $194.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. The Goldman Sachs Group assumed coverage on Hyatt Hotels in a report on Wednesday, January 14th. They set a “buy” rating and a $198.00 price objective for the company. Robert W. Baird lifted their target price on Hyatt Hotels from $154.00 to $156.00 and gave the company a “neutral” rating in a report on Thursday, November 20th. Stifel Nicolaus boosted their price target on Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a research report on Wednesday, December 31st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.13.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.