Intech Investment Management LLC Takes $481,000 Position in Hyatt Hotels Corporation $H

Intech Investment Management LLC bought a new position in Hyatt Hotels Corporation (NYSE:H) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,390 shares of the company’s stock, valued at approximately $481,000.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Hyatt Hotels by 21.8% in the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after acquiring an additional 843,121 shares during the period. Bank of America Corp DE increased its holdings in shares of Hyatt Hotels by 84.5% during the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after purchasing an additional 562,611 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Hyatt Hotels by 24.5% in 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 purchasing an additional 545,003 shares during the period. GRS Advisors LLC acquired a new position in shares of Hyatt Hotels in the 2nd quarter valued at $74,264,000. Finally, Mane Global Capital Management LP purchased a new stake in Hyatt Hotels during the second quarter worth $47,007,000. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Javier Aguila sold 9,548 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total value of $1,583,726.76. Following the transaction, the insider owned 2,684 shares in the company, valued at $445,195.08. This trade represents a 78.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.70% of the stock is currently owned by company insiders.

Hyatt Hotels Stock Performance

H opened at $151.50 on Thursday. The firm’s fifty day simple moving average is $163.22 and its two-hundred day simple moving average is $154.94. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $180.53. The company has a market cap of $14.31 billion, a price-to-earnings ratio of -270.54, a PEG ratio of 1.80 and a beta of 1.22. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, February 12th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $1.04. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. During the same quarter in the previous year, the company earned $0.42 earnings per share. Equities analysts anticipate 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 will be paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio is presently -107.14%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a report on Wednesday, December 31st. The Goldman Sachs Group started coverage on shares of Hyatt Hotels in a research note on Wednesday, January 14th. They set a “buy” rating and a $198.00 target price on the stock. Barclays raised their target price on Hyatt Hotels from $198.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $188.00 price target on shares of Hyatt Hotels in a research report on Friday, January 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.80.

Hyatt Hotels Profile

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.