Cooper Financial Group Makes New $724,000 Investment in Hyatt Hotels Corporation $H

Cooper Financial Group bought a new stake in shares of Hyatt Hotels Corporation (NYSE:H) in the fourth quarter, Holdings Channel reports. The fund bought 4,513 shares of the company’s stock, valued at approximately $724,000.

Other large investors also recently modified their holdings of the company. Bamco Inc. NY raised its holdings in shares of Hyatt Hotels by 2.7% in the 3rd quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock worth $868,139,000 after purchasing an additional 161,461 shares during the period. Principal Financial Group Inc. grew its holdings in Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after purchasing an additional 843,121 shares during the period. Wellington Management Group LLP increased its position in Hyatt Hotels by 7.2% in the third quarter. Wellington Management Group LLP now owns 3,159,562 shares of the company’s stock worth $448,437,000 after buying an additional 211,112 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Hyatt Hotels by 24.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock valued at $392,548,000 after buying an additional 545,003 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Hyatt Hotels by 15.8% during the 3rd quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after buying an additional 193,530 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $188.00 price objective on shares of Hyatt Hotels in a report on Friday, January 2nd. Stifel Nicolaus upped their price objective on shares of Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a report on Wednesday, December 31st. Citigroup lifted their target price on shares of Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. The Goldman Sachs Group started coverage on shares of Hyatt Hotels in a research report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 price target on the stock. Finally, Mizuho upped their price target on shares of Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a research note on Tuesday, January 13th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.80.

Hyatt Hotels Trading Down 1.7%

Shares of Hyatt Hotels stock opened at $141.96 on Monday. The company’s 50-day moving average price is $160.08 and its 200-day moving average price is $155.01. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month high of $180.53. The company has a market cap of $13.41 billion, a price-to-earnings ratio of -253.49, a PEG ratio of 1.68 and a beta of 1.22.

Hyatt Hotels (NYSE:H) last issued 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 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 5.53%. During the same quarter in the previous year, the company earned $0.42 earnings per share. On average, equities analysts expect 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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 2nd. Hyatt Hotels’s payout ratio is -107.14%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Javier Aguila sold 9,548 shares of the stock in a transaction 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 sale, the insider owned 2,684 shares in the company, valued at approximately $445,195.08. This trade represents a 78.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 23.70% of the company’s stock.

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.