17,478 Shares in Hyatt Hotels Corporation $H Acquired by Delta Global Management LP

Delta Global Management LP purchased a new position in Hyatt Hotels Corporation (NYSE:H) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,478 shares of the company’s stock, valued at approximately $2,481,000.

Other hedge funds also recently made changes to their positions in the company. Johnson Financial Group Inc. boosted its holdings in Hyatt Hotels by 450.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after purchasing an additional 107 shares during the period. Quent Capital LLC purchased a new stake in shares of Hyatt Hotels in the third quarter worth $34,000. MAI Capital Management boosted its stake in Hyatt Hotels by 53.4% during the second quarter. MAI Capital Management now owns 270 shares of the company’s stock valued at $38,000 after buying an additional 94 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Hyatt Hotels by 66.1% during the third quarter. Smartleaf Asset Management LLC now owns 274 shares of the company’s stock worth $40,000 after buying an additional 109 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of the 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.70% of the stock is currently owned by insiders.

Hyatt Hotels Stock Performance

NYSE:H opened at $139.38 on Monday. The firm has a market cap of $13.17 billion, a PE ratio of -248.89, a price-to-earnings-growth ratio of 1.72 and a beta of 1.22. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $180.53. 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 business has a 50 day moving average price of $162.35 and a 200-day moving average price of $155.00.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the firm earned $0.42 earnings per share. Equities research analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors 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 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is -107.14%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on H. Barclays lifted their price target on Hyatt Hotels from $198.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Citigroup boosted their price target on shares of Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. increased their price target on shares of Hyatt Hotels from $178.00 to $179.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Morgan Stanley cut their target price on shares of Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.80.

Hyatt Hotels Company 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.