Candlestick Capital Management LP Purchases 221,039 Shares of Hyatt Hotels Corporation $H

Candlestick Capital Management LP grew its position in Hyatt Hotels Corporation (NYSE:H) by 53.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 631,290 shares of the company’s stock after purchasing an additional 221,039 shares during the quarter. Hyatt Hotels makes up 2.2% of Candlestick Capital Management LP’s portfolio, making the stock its 11th biggest position. Candlestick Capital Management LP’s holdings in Hyatt Hotels were worth $89,599,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in H. Johnson Financial Group Inc. increased its stake 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 buying an additional 144 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Hyatt Hotels by 98.2% in the third 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 position in Hyatt Hotels during the 3rd quarter worth about $34,000. MAI Capital Management increased its position in Hyatt Hotels by 53.4% during 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 period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Hyatt Hotels by 66.1% in 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 in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 2,684 shares in the company, valued at approximately $445,195.08. This trade represents a 78.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 23.70% of the stock is owned by corporate insiders.

Hyatt Hotels Trading Down 2.9%

NYSE:H opened at $139.38 on Friday. The stock has a market capitalization of $13.17 billion, a price-to-earnings ratio of -248.89, a PEG ratio of 1.72 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 quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. The firm has a 50 day moving average of $162.35 and a 200 day moving average of $154.93.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $1.04. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, sell-side analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio is currently -107.14%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Mizuho upped their price target on shares of Hyatt Hotels from $203.00 to $223.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Morgan Stanley lowered their target price on Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, March 10th. Wells Fargo & Company increased their target price on Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Finally, The Goldman Sachs Group started coverage on Hyatt Hotels in a report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Hyatt Hotels has an average rating of “Moderate Buy” and a consensus price target 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.