Dockside LLC Takes $1.63 Million Position in Hyatt Hotels Corporation $H

Dockside LLC purchased a new stake in Hyatt Hotels Corporation (NYSE:H) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 10,155 shares of the company’s stock, valued at approximately $1,628,000.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of Hyatt Hotels by 14.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company’s stock valued at $41,083,000 after purchasing an additional 32,048 shares in the last quarter. JPMorgan Chase & Co. grew its position 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 valued at $20,911,000 after purchasing an additional 22,071 shares in the last quarter. Assetmark Inc. grew its position in shares of Hyatt Hotels by 4.4% in the third quarter. Assetmark Inc. now owns 80,300 shares of the company’s stock valued at $11,397,000 after purchasing an additional 3,387 shares in the last quarter. Truist Financial Corp grew its position in shares of Hyatt Hotels by 970.8% in the fourth quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock valued at $2,970,000 after purchasing an additional 16,794 shares in the last quarter. Finally, Candlestick Capital Management LP grew its position in shares of Hyatt Hotels by 53.9% in the third quarter. Candlestick Capital Management LP now owns 631,290 shares of the company’s stock valued at $89,599,000 after purchasing an additional 221,039 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Peter Sears sold 10,217 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the transaction, the insider owned 6,374 shares in the company, valued at $1,183,396.84. The trade was a 61.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Udell sold 2,087 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total value of $392,356.00. Following the transaction, the insider owned 16,638 shares in the company, valued at approximately $3,127,944. This represents a 11.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 237,458 shares of company stock worth $40,093,807 in the last 90 days. 23.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on H shares. Citigroup lifted their price target on Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Mizuho lifted their price target on Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Morgan Stanley lifted their price objective on Hyatt Hotels from $195.00 to $208.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. lifted their price objective on Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Finally, HSBC raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Hyatt Hotels has a consensus rating of “Moderate Buy” and an average price target of $192.40.

Hyatt Hotels Trading Up 0.8%

NYSE H opened at $199.45 on Friday. Hyatt Hotels Corporation has a 1-year low of $127.59 and a 1-year high of $200.47. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average of $170.74 and a 200-day moving average of $163.62. The firm has a market cap of $18.78 billion, a PE ratio of -569.86 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the company posted $0.46 EPS. As a group, sell-side analysts forecast that Hyatt Hotels Corporation will post 3.58 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 29th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, May 29th. Hyatt Hotels’s payout ratio is -171.43%.

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.