Interval Partners LP Boosts Stake in Hyatt Hotels Corporation $H

Interval Partners LP boosted its position in shares of Hyatt Hotels Corporation (NYSE:H) by 28.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 193,595 shares of the company’s stock after acquiring an additional 43,174 shares during the period. Interval Partners LP’s holdings in Hyatt Hotels were worth $27,477,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in H. Principal Financial Group Inc. raised its holdings in shares of Hyatt Hotels by 21.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after acquiring an additional 843,121 shares in the last quarter. Veritas Asset Management LLP purchased a new position in shares of Hyatt Hotels in the third quarter valued at $29,067,000. JPMorgan Chase & Co. increased its position in Hyatt Hotels by 17.6% in the third quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock worth $20,911,000 after purchasing an additional 22,071 shares during the last quarter. Davidson Investment Advisors purchased a new stake in Hyatt Hotels during the third quarter valued at $9,990,000. Finally, Assetmark Inc. raised its stake in Hyatt Hotels by 4.4% during the third quarter. Assetmark Inc. now owns 80,300 shares of the company’s stock valued at $11,397,000 after purchasing an additional 3,387 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on H shares. 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 note on Wednesday, December 31st. Wells Fargo & Company increased their price target on shares of Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Morgan Stanley dropped their price target on Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday. Sanford C. Bernstein restated an “outperform” rating and set a $188.00 price objective on shares of Hyatt Hotels in a research report on Friday, January 2nd. Finally, Truist Financial raised their price objective on Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus price target of $175.80.

Insider Buying and Selling at Hyatt Hotels

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

Hyatt Hotels Trading Down 2.9%

Shares of H opened at $139.38 on Friday. The company’s fifty day simple moving average is $162.35 and its 200-day simple moving average is $154.85. The company has a market cap of $13.17 billion, a P/E ratio of -248.89, a P/E/G ratio of 1.78 and a beta of 1.22. 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 twelve month low of $102.43 and a twelve month high of $180.53.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $1.04. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the company earned $0.42 EPS. As a group, analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend 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 currently -107.14%.

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.