Hyatt Hotels Corporation $H Position Increased by Night Squared LP

Night Squared LP boosted its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 208.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,771 shares of the company’s stock after purchasing an additional 19,443 shares during the quarter. Night Squared LP’s holdings in Hyatt Hotels were worth $4,083,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. boosted its holdings in shares of Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after acquiring an additional 144 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Hyatt Hotels by 98.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after acquiring an additional 107 shares during the period. Quent Capital LLC bought a new stake in Hyatt Hotels in the 3rd quarter valued at about $34,000. MAI Capital Management lifted its position in Hyatt Hotels by 53.4% in the 2nd quarter. MAI Capital Management now owns 270 shares of the company’s stock valued at $38,000 after purchasing an additional 94 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Hyatt Hotels by 66.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 274 shares of the company’s stock valued at $40,000 after purchasing an additional 109 shares during the period. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Stock Down 2.9%

H stock opened at $139.38 on Friday. The firm’s 50-day moving average is $162.35 and its two-hundred day moving average is $154.85. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of -248.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week 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.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.78 billion. During the same period last year, the firm posted $0.42 earnings per share. On average, analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis 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%.

Insider Activity

In other news, insider Javier Aguila sold 9,548 shares of the business’s 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 sale, the insider owned 2,684 shares of the company’s stock, valued at approximately $445,195.08. The trade was a 78.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on H. Barclays raised their price target on shares of Hyatt Hotels from $198.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. boosted their price objective on Hyatt Hotels from $178.00 to $179.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $188.00 target price on shares of Hyatt Hotels in a research report on Friday, January 2nd. The Goldman Sachs Group started coverage on Hyatt Hotels in a research note on Wednesday, January 14th. They set a “buy” rating and a $198.00 target price on the stock. Finally, Morgan Stanley reduced their price target on Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.