Night Squared LP Boosts Holdings in Hyatt Hotels Corporation $H

Night Squared LP increased its position in Hyatt Hotels Corporation (NYSE:H) by 208.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in H. Perbak Capital Partners LLP lifted its holdings in Hyatt Hotels by 107.0% in the 3rd quarter. Perbak Capital Partners LLP now owns 9,787 shares of the company’s stock worth $1,389,000 after buying an additional 5,059 shares in the last quarter. Johnson Financial Group Inc. grew 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 acquiring an additional 144 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of Hyatt Hotels during the third quarter worth about $214,000. Invesco Ltd. increased its position in shares of Hyatt Hotels by 8.4% during the third quarter. Invesco Ltd. now owns 264,394 shares of the company’s stock worth $37,525,000 after acquiring an additional 20,520 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Hyatt Hotels by 11.6% in the third quarter. Sei Investments Co. now owns 76,814 shares of the company’s stock worth $10,902,000 after acquiring an additional 8,011 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on H. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, December 29th. The Goldman Sachs Group began coverage on shares of Hyatt Hotels in a research report on Wednesday, January 14th. They set a “buy” rating and a $198.00 price target for the company. Barclays lifted their price target on shares of Hyatt Hotels from $198.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Finally, Wells Fargo & Company upped their price target on shares of Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $175.80.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Javier Aguila sold 9,548 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the completion of the sale, the insider owned 2,684 shares of the company’s stock, valued at $445,195.08. This represents a 78.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.70% of the stock is currently owned by corporate insiders.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $139.38 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. 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 twelve month low of $102.43 and a twelve month high of $180.53. The business has a 50 day simple moving average of $162.35 and a 200-day simple moving average of $154.85.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data 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 firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.During the same period last year, the business posted $0.42 earnings per share. As a group, equities research analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

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

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.