Interval Partners LP Boosts Holdings in Hyatt Hotels Corporation $H

Interval Partners LP raised its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 28.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,595 shares of the company’s stock after buying an additional 43,174 shares during the period. Interval Partners LP owned about 0.20% of Hyatt Hotels worth $27,477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its position in Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after purchasing an additional 843,121 shares in the last quarter. Veritas Asset Management LLP purchased a new stake in Hyatt Hotels in the third quarter worth about $29,067,000. JPMorgan Chase & Co. raised its stake in shares of Hyatt Hotels by 17.6% in the third quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock worth $20,911,000 after buying an additional 22,071 shares during the period. Davidson Investment Advisors bought a new position in shares of Hyatt Hotels in the third quarter worth about $9,990,000. Finally, Assetmark Inc. lifted its position in shares of Hyatt Hotels by 4.4% during the 3rd quarter. Assetmark Inc. now owns 80,300 shares of the company’s stock valued at $11,397,000 after buying an additional 3,387 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total value of $1,583,726.76. Following the sale, the insider owned 2,684 shares in the company, valued at $445,195.08. The trade was a 78.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 23.70% of the company’s stock.

Hyatt Hotels Stock Down 2.9%

NYSE H opened at $139.38 on Friday. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $180.53. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The stock has a market cap of $13.17 billion, a PE ratio of -248.89, a P/E/G ratio of 1.78 and a beta of 1.22. The stock’s 50 day moving average is $162.35 and its 200 day moving average is $154.85.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $1.04. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the firm posted $0.42 EPS. Research analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio (DPR) is presently -107.14%.

Analyst Ratings Changes

Several research firms recently issued reports on H. Sanford C. Bernstein reissued an “outperform” rating and issued a $188.00 target price on shares of Hyatt Hotels in a report on Friday, January 2nd. The Goldman Sachs Group initiated coverage on shares of Hyatt Hotels in a report on Wednesday, January 14th. They set a “buy” rating and a $198.00 price target on the stock. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. JPMorgan Chase & Co. raised their price objective on shares of Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Finally, Citigroup lifted their target price on shares of Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Two research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $175.80.

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.