Bain Capital Public Equity Management II LLC Takes $17.70 Million Position in Hyatt Hotels Corporation $H

Bain Capital Public Equity Management II LLC bought a new position in shares of Hyatt Hotels Corporation (NYSE:H) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 126,757 shares of the company’s stock, valued at approximately $17,702,000. Hyatt Hotels accounts for about 0.8% of Bain Capital Public Equity Management II LLC’s investment portfolio, making the stock its 22nd biggest position.

Several other hedge funds have also bought and sold shares of the business. MassMutual Private Wealth & Trust FSB increased its stake in Hyatt Hotels by 86.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. MAI Capital Management grew its holdings in shares of Hyatt Hotels by 53.4% during the second quarter. MAI Capital Management now owns 270 shares of the company’s stock valued at $38,000 after buying an additional 94 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Hyatt Hotels by 18,500.0% during the second quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock worth $52,000 after acquiring an additional 370 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Hyatt Hotels by 33.2% in the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock worth $54,000 after acquiring an additional 96 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Hyatt Hotels by 350.5% in the 2nd quarter. Allworth Financial LP now owns 410 shares of the company’s stock valued at $57,000 after acquiring an additional 319 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $138.00 to $167.00 in a report on Tuesday, September 9th. Stifel Nicolaus upped their price target on Hyatt Hotels from $155.00 to $158.00 and gave the stock a “hold” rating in a report on Monday, November 10th. Truist Financial increased their price target on Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. JPMorgan Chase & Co. began coverage on shares of Hyatt Hotels in a report on Monday, November 24th. They set an “overweight” rating and a $178.00 price objective on the stock. Finally, Barclays upped their target price on shares of Hyatt Hotels from $156.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.93.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Peter Sears sold 12,394 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the transaction, the insider directly owned 5,594 shares of the company’s stock, valued at approximately $869,922.94. This represents a 68.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Udell sold 4,300 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total value of $713,800.00. Following the completion of the sale, the insider owned 13,746 shares in the company, valued at approximately $2,281,836. The trade was a 23.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 23,835 shares of company stock valued at $3,737,955. 23.70% of the stock is owned by corporate insiders.

Hyatt Hotels Trading Down 1.9%

NYSE H opened at $153.03 on Tuesday. The stock has a market capitalization of $14.53 billion, a price-to-earnings ratio of -164.55, a PEG ratio of 3.91 and a beta of 1.28. The business’s fifty day moving average is $150.27 and its 200-day moving average is $143.93. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.69 and a quick ratio of 0.68. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.10.

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

Hyatt Hotels Announces Dividend

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

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.