Cinctive Capital Management LP Trims Stock Position in Hyatt Hotels Corporation $H

Cinctive Capital Management LP decreased its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 81.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,242 shares of the company’s stock after selling 45,885 shares during the period. Cinctive Capital Management LP’s holdings in Hyatt Hotels were worth $1,454,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bamco Inc. NY lifted its holdings in Hyatt Hotels by 2.7% in the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock worth $868,139,000 after buying an additional 161,461 shares during the period. California Public Employees Retirement System grew its holdings in shares of Hyatt Hotels by 21.5% during the 3rd quarter. California Public Employees Retirement System now owns 72,018 shares of the company’s stock worth $10,222,000 after acquiring an additional 12,766 shares during the period. Bank of America Corp DE raised its position in shares of Hyatt Hotels by 15.8% in the 3rd quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock worth $201,814,000 after acquiring an additional 193,530 shares in the last quarter. Creative Planning lifted its stake in shares of Hyatt Hotels by 5.9% in the 3rd quarter. Creative Planning now owns 9,734 shares of the company’s stock valued at $1,382,000 after purchasing an additional 538 shares during the period. Finally, SummitTX Capital L.P. boosted its position in shares of Hyatt Hotels by 48.1% during the third quarter. SummitTX Capital L.P. now owns 17,138 shares of the company’s stock valued at $2,432,000 after purchasing an additional 5,564 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

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 that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total value of $1,583,726.76. Following the completion of the transaction, the insider directly owned 2,684 shares in the company, valued at $445,195.08. The trade was a 78.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.70% of the stock is owned by company insiders.

Hyatt Hotels Price Performance

H opened at $141.36 on Tuesday. The stock has a 50-day moving average price of $161.89 and a 200-day moving average price of $154.97. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $13.35 billion, a PE ratio of -252.43, a P/E/G ratio of 1.72 and a beta of 1.22. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $180.53.

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 company had revenue of $1.79 billion for the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.42 EPS. Sell-side analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on H. Morgan Stanley decreased their price objective on Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, March 10th. Robert W. Baird upped their target price on shares of Hyatt Hotels from $154.00 to $156.00 and gave the stock a “neutral” rating in a research report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, December 29th. Evercore reissued an “in-line” rating and set a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a research report on Thursday, January 22nd. Finally, The Goldman Sachs Group started coverage on shares of Hyatt Hotels in a report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to data from 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.