Oak Thistle LLC Purchases 3,782 Shares of Hyatt Hotels Corporation $H

Oak Thistle LLC increased its position in shares of Hyatt Hotels Corporation (NYSE:H) by 89.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,996 shares of the company’s stock after purchasing an additional 3,782 shares during the period. Oak Thistle LLC’s holdings in Hyatt Hotels were worth $1,135,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of H. New England Research & Management Inc. increased its stake in Hyatt Hotels by 0.3% in the 3rd quarter. New England Research & Management Inc. now owns 23,351 shares of the company’s stock worth $3,314,000 after buying an additional 80 shares in the last quarter. Red Spruce Capital LLC boosted its stake in shares of Hyatt Hotels by 3.7% in the third quarter. Red Spruce Capital LLC now owns 12,423 shares of the company’s stock worth $1,763,000 after acquiring an additional 448 shares during the period. GAMMA Investing LLC grew its position in shares of Hyatt Hotels by 23.0% during the third quarter. GAMMA Investing LLC now owns 887 shares of the company’s stock worth $126,000 after purchasing an additional 166 shares in the last quarter. Osaic Holdings Inc. raised its stake in Hyatt Hotels by 22.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,552 shares of the company’s stock valued at $619,000 after purchasing an additional 829 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its holdings in Hyatt Hotels by 2.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,514 shares of the company’s stock worth $1,189,000 after purchasing an additional 208 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of NYSE:H opened at $162.48 on Friday. The firm has a fifty day simple moving average of $152.73 and a two-hundred day simple moving average of $145.42. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.10. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $15.43 billion, a P/E ratio of -174.71, a PEG ratio of 4.12 and a beta of 1.29.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business posted $0.94 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. On average, analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were issued a $0.15 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s payout ratio is -64.52%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Peter Sears sold 12,394 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the transaction, the insider owned 5,594 shares in the company, valued at $869,922.94. The trade was a 68.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David Udell sold 4,300 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $166.00, for a total transaction of $713,800.00. Following the completion of the sale, the insider owned 13,746 shares of the company’s stock, valued at $2,281,836. This trade represents a 23.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,835 shares of company stock worth $3,737,955 in the last 90 days. 23.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on H. Barclays upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $161.00 to $200.00 in a research report on Wednesday. JPMorgan Chase & Co. started coverage on shares of Hyatt Hotels in a research note on Monday, November 24th. They set an “overweight” rating and a $178.00 target price for the company. Citigroup upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and lifted their price target for the company from $138.00 to $167.00 in a report on Tuesday, September 9th. Wells Fargo & Company began coverage on shares of Hyatt Hotels in a report on Tuesday, November 18th. They set an “equal weight” rating and a $154.00 price objective for the company. Finally, Robert W. Baird lifted their target price on Hyatt Hotels from $154.00 to $156.00 and gave the stock a “neutral” rating in a report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.53.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.