BlackRock Inc. grew its position in Hyatt Hotels Co. (NYSE:H) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,835,831 shares of the company’s stock after purchasing an additional 80,084 shares during the period. BlackRock Inc. owned approximately 1.54% of Hyatt Hotels worth $135,007,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gruss Capital Management LP lifted its stake in shares of Hyatt Hotels by 316.1% in the 3rd quarter. Gruss Capital Management LP now owns 645,000 shares of the company’s stock worth $39,855,000 after acquiring an additional 490,000 shares during the period. Long Pond Capital LP lifted its stake in shares of Hyatt Hotels by 14.1% in the 3rd quarter. Long Pond Capital LP now owns 3,035,548 shares of the company’s stock worth $187,567,000 after acquiring an additional 374,704 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Hyatt Hotels by 236.9% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 102,783 shares of the company’s stock worth $6,350,000 after acquiring an additional 72,273 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Hyatt Hotels by 14.9% in the 3rd quarter. Wells Fargo & Company MN now owns 444,966 shares of the company’s stock worth $27,495,000 after acquiring an additional 57,686 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Hyatt Hotels by 36.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 198,516 shares of the company’s stock worth $12,267,000 after acquiring an additional 52,973 shares during the period. Hedge funds and other institutional investors own 39.19% of the company’s stock.
H has been the subject of several recent research reports. Zacks Investment Research lowered shares of Hyatt Hotels from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 18th. MKM Partners raised shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Thursday, December 7th. Robert W. Baird set a $78.00 target price on shares of Hyatt Hotels and gave the company a “buy” rating in a research note on Friday, December 15th. Stifel Nicolaus reissued a “hold” rating and set a $78.00 target price on shares of Hyatt Hotels in a research note on Thursday, February 1st. Finally, B. Riley initiated coverage on shares of Hyatt Hotels in a research note on Wednesday, February 14th. They set a “hold” rating and a $70.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Hyatt Hotels presently has a consensus rating of “Hold” and a consensus price target of $80.69.
Shares of Hyatt Hotels Co. (NYSE:H) opened at $78.24 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.37 and a quick ratio of 1.36. The company has a market cap of $9,501.16, a P/E ratio of 39.72, a P/E/G ratio of 11.65 and a beta of 1.31. Hyatt Hotels Co. has a 12-month low of $51.68 and a 12-month high of $83.02.
Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. Hyatt Hotels had a net margin of 5.31% and a return on equity of 6.02%. During the same quarter in the prior year, the firm earned $0.29 EPS. research analysts forecast that Hyatt Hotels Co. will post 1.5 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 22nd will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.77%.
Hyatt Hotels declared that its board has authorized a stock buyback plan on Thursday, December 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
In other Hyatt Hotels news, insider Peter Fulton sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $80.10, for a total value of $344,430.00. Following the transaction, the insider now owns 22,066 shares in the company, valued at approximately $1,767,486.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Maryam Banikarim sold 4,992 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $80.17, for a total transaction of $400,208.64. Following the completion of the transaction, the insider now owns 23,840 shares in the company, valued at approximately $1,911,252.80. The disclosure for this sale can be found here. 27.51% of the stock is currently owned by corporate insiders.
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About Hyatt Hotels
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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