BlueCrest Capital Management Ltd Takes $7.83 Million Position in Hyatt Hotels Corporation $H

BlueCrest Capital Management Ltd bought a new position in Hyatt Hotels Corporation (NYSE:H) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 40,391 shares of the company’s stock, valued at approximately $7,829,000.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in shares of Hyatt Hotels by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after acquiring an additional 29,976 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Hyatt Hotels by 8.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock worth $17,556,000 after purchasing an additional 11,252 shares during the last quarter. Norges Bank bought a new stake in Hyatt Hotels in the 2nd quarter worth approximately $616,000. Daiwa Securities Group Inc. raised its stake in Hyatt Hotels by 394.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock valued at $2,418,000 after buying an additional 13,812 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Hyatt Hotels by 61.0% in the second quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock worth $9,609,000 after acquiring an additional 26,073 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays reduced their price objective on Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Stifel Nicolaus set a $182.00 price target on shares of Hyatt Hotels in a research report on Friday, May 29th. Mizuho raised their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Sanford C. Bernstein boosted their target price on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, HSBC raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a report on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $197.07.

Hyatt Hotels Price Performance

NYSE H opened at $158.48 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. Hyatt Hotels Corporation has a 12 month low of $134.18 and a 12 month high of $206.86. The stock has a market cap of $14.93 billion, a price-to-earnings ratio of 193.27 and a beta of 1.34. The company’s 50 day moving average is $179.88 and its two-hundred day moving average is $172.60.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.21. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, research analysts anticipate that Hyatt Hotels Corporation will post 3.54 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is 73.17%.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan Kronick sold 1,700 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the sale, the director directly owned 29,525 shares in the company, valued at approximately $5,310,957. This represents a 5.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is currently owned by company insiders.

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.