Engineers Gate Manager LP Takes Position in Hyatt Hotels Corporation $H

Engineers Gate Manager LP purchased a new stake in Hyatt Hotels Corporation (NYSE:H) in the fourth quarter, HoldingsChannel reports. The firm purchased 116,635 shares of the company’s stock, valued at approximately $18,699,000.

A number of other hedge funds have also made changes to their positions in the company. Schonfeld Strategic Advisors LLC purchased a new position in shares of Hyatt Hotels in the fourth quarter valued at $29,184,000. DV Equities LLC purchased a new position in shares of Hyatt Hotels in the fourth quarter valued at $32,000. AQR Capital Management LLC boosted its stake in shares of Hyatt Hotels by 15.3% during the fourth quarter. AQR Capital Management LLC now owns 7,853 shares of the company’s stock valued at $1,259,000 after acquiring an additional 1,041 shares during the last quarter. Jain Global LLC boosted its stake in shares of Hyatt Hotels by 36.8% during the fourth quarter. Jain Global LLC now owns 258,249 shares of the company’s stock valued at $41,402,000 after acquiring an additional 69,453 shares during the last quarter. Finally, Laird Norton Wetherby Trust Company LLC acquired a new stake in shares of Hyatt Hotels during the fourth quarter valued at $322,000. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Analysts Set New Price Targets

H has been the topic of a number of analyst reports. Sanford C. Bernstein increased their price objective on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Citigroup increased their price objective on Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Robert W. Baird increased their price objective on Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Barclays increased their price objective on Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Morgan Stanley increased 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. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.40.

Insider Transactions at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,119 shares of Hyatt Hotels stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $174.51, for a total value of $195,276.69. Following the transaction, the director directly owned 31,225 shares of the company’s stock, valued at $5,449,074.75. The trade was a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of Hyatt Hotels stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $167.75, for a total value of $35,803,553.50. Following the completion of the transaction, the insider directly owned 213,434 shares in the company, valued at $35,803,553.50. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 237,058 shares of company stock worth $40,036,071 in the last quarter. 23.60% of the stock is currently owned by corporate insiders.

Hyatt Hotels Stock Up 2.6%

Shares of NYSE:H opened at $202.19 on Thursday. The stock’s 50-day moving average price is $174.06 and its two-hundred day moving average price is $164.33. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels Corporation has a 12-month low of $127.59 and a 12-month high of $206.49. The firm has a market cap of $19.04 billion, a price-to-earnings ratio of -577.68 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company earned $0.46 EPS. On average, research analysts forecast that Hyatt Hotels Corporation will post 3.58 EPS for the current year.

Hyatt Hotels Announces Dividend

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