Cinctive Capital Management LP Reduces Position in Hyatt Hotels Corporation $H

Cinctive Capital Management LP trimmed its holdings in Hyatt Hotels Corporation (NYSE:H) by 81.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,242 shares of the company’s stock after selling 45,885 shares during the period. Cinctive Capital Management LP’s holdings in Hyatt Hotels were worth $1,454,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bamco Inc. NY boosted its holdings in shares of Hyatt Hotels by 2.7% during the 3rd quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after acquiring an additional 161,461 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Hyatt Hotels by 21.5% during the third quarter. California Public Employees Retirement System now owns 72,018 shares of the company’s stock valued at $10,222,000 after purchasing an additional 12,766 shares during the last quarter. Bank of America Corp DE lifted its position in Hyatt Hotels by 15.8% during the third quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after purchasing an additional 193,530 shares during the period. Creative Planning boosted its holdings in Hyatt Hotels by 5.9% in the third quarter. Creative Planning now owns 9,734 shares of the company’s stock worth $1,382,000 after purchasing an additional 538 shares during the last quarter. Finally, SummitTX Capital L.P. grew its position in Hyatt Hotels by 48.1% in the 3rd quarter. SummitTX Capital L.P. now owns 17,138 shares of the company’s stock worth $2,432,000 after purchasing an additional 5,564 shares during the period. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Trading Up 1.5%

NYSE:H opened at $141.36 on Tuesday. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $180.53. The business has a fifty day moving average price of $161.89 and a 200-day moving average price of $154.97. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of -252.43, a price-to-earnings-growth ratio of 1.72 and a beta of 1.22. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, beating 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 the consensus estimate of $1.78 billion. During the same period in the previous year, the business earned $0.42 earnings per share. Sell-side analysts forecast that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Hyatt Hotels’s payout ratio is presently -107.14%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a research note on Wednesday, January 14th. They set a “buy” rating and a $198.00 target price for the company. Stifel Nicolaus lifted their price objective on Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a report on Wednesday, December 31st. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Sanford C. Bernstein reissued an “outperform” rating and issued a $188.00 target price on shares of Hyatt Hotels in a research report on Friday, January 2nd. Finally, Mizuho boosted their price target on Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels 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 the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total value of $1,583,726.76. Following the completion of the sale, the insider directly owned 2,684 shares of the company’s stock, valued at approximately $445,195.08. This represents a 78.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.