Caprock Group LLC Buys Shares of 4,119 Hyatt Hotels Corporation $H

Caprock Group LLC purchased a new position in shares of Hyatt Hotels Corporation (NYSE:H) during the third quarter, Holdings Channel reports. The institutional investor purchased 4,119 shares of the company’s stock, valued at approximately $595,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Quent Capital LLC bought a new position in Hyatt Hotels during the 3rd quarter worth about $34,000. MAI Capital Management lifted its position in shares of Hyatt Hotels by 53.4% in the 2nd quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after purchasing an additional 94 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Hyatt Hotels by 66.1% during the third 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. Hantz Financial Services Inc. increased its holdings in Hyatt Hotels by 18,500.0% during the second quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $52,000 after buying an additional 370 shares during the period. Finally, Allworth Financial LP raised its position in shares of Hyatt Hotels by 350.5% in the 2nd quarter. Allworth Financial LP now owns 410 shares of the company’s stock worth $57,000 after acquiring an additional 319 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hyatt Hotels

In related news, insider David Udell sold 4,300 shares of Hyatt Hotels stock in a transaction that occurred on 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 transaction, the insider directly owned 13,746 shares in the company, valued at approximately $2,281,836. This trade represents a 23.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Javier Aguila sold 9,548 shares of the company’s stock in a transaction that occurred on 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 owned 2,684 shares in the company, valued at approximately $445,195.08. This represents a 78.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 23.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on H shares. Evercore reaffirmed an “in-line” rating and set a $175.00 price objective (up previously from $170.00) on shares of Hyatt Hotels in a research report on Thursday, January 22nd. Stifel Nicolaus lifted their price objective on shares of Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a research report on Wednesday, December 31st. Barclays increased their target price on shares of Hyatt Hotels from $198.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Moderate Buy” and an average price target of $173.31.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $165.32 on Tuesday. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $180.53. The business’s 50 day moving average price is $163.43 and its 200 day moving average price is $152.31. 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 firm has a market cap of $15.70 billion, a P/E ratio of -295.21, a P/E/G ratio of 2.08 and a beta of 1.27.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $0.29 by $1.04. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.47%. During the same period in the previous year, the business posted $0.42 EPS. On average, sell-side analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd will be 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 is Monday, March 2nd. Hyatt Hotels’s dividend payout ratio (DPR) is currently -107.14%.

About Hyatt Hotels

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.