Perbak Capital Partners LLP Grows Stock Position in Hyatt Hotels Corporation $H

Perbak Capital Partners LLP lifted its position in Hyatt Hotels Corporation (NYSE:H) by 107.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,787 shares of the company’s stock after acquiring an additional 5,059 shares during the period. Perbak Capital Partners LLP’s holdings in Hyatt Hotels were worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Bamco Inc. NY lifted its holdings in Hyatt Hotels by 2.9% in the 2nd quarter. Bamco Inc. NY now owns 5,955,212 shares of the company’s stock valued at $831,645,000 after purchasing an additional 166,249 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after buying an additional 843,121 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 worth $392,548,000 after purchasing an additional 545,003 shares during the period. Bank of America Corp DE increased its position 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 worth $171,545,000 after purchasing an additional 562,611 shares during the last quarter. Finally, UBS Group AG lifted its position in Hyatt Hotels by 47.5% in the third quarter. UBS Group AG now owns 673,727 shares of the company’s stock valued at $95,622,000 after buying an additional 217,071 shares during the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Trading Down 2.9%

NYSE H opened at $139.38 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of -248.89, a PEG ratio of 1.78 and a beta of 1.22. The firm has a 50 day simple moving average of $162.35 and a 200-day simple moving average of $154.85. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $180.53.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $1.04. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $0.42 EPS. Equities research analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was 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 currently -107.14%.

Wall Street Analyst Weigh In

H has been the topic of a number of research analyst reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $188.00 price target on shares of Hyatt Hotels in a research note on Friday, January 2nd. Evercore reaffirmed an “in-line” rating and set a $175.00 price objective (up from $170.00) on shares of Hyatt Hotels in a research report on Thursday, January 22nd. JPMorgan Chase & Co. boosted their target price on Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Citigroup raised their price target on Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $175.80.

Insider Activity

In related news, insider Javier Aguila sold 9,548 shares of Hyatt Hotels stock in a transaction 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 completion of the transaction, the insider directly owned 2,684 shares in the company, valued at approximately $445,195.08. This trade represents a 78.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 23.70% of the company’s stock.

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.