Perbak Capital Partners LLP Increases Stake in Hyatt Hotels Corporation $H

Perbak Capital Partners LLP lifted its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 107.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,787 shares of the company’s stock after buying an additional 5,059 shares during the quarter. Perbak Capital Partners LLP’s holdings in Hyatt Hotels were worth $1,389,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. lifted its stake in Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after acquiring an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Hyatt Hotels by 98.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after purchasing an additional 107 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Hyatt Hotels in the 3rd quarter valued at $34,000. MAI Capital Management raised its holdings in shares of Hyatt Hotels by 53.4% in the 2nd quarter. MAI Capital Management now owns 270 shares of the company’s stock valued at $38,000 after purchasing an additional 94 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Hyatt Hotels by 66.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 274 shares of the company’s stock worth $40,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $139.38 on Friday. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $180.53. The firm has a market capitalization 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 debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. The company’s fifty day moving average price is $162.35 and its 200 day moving average price is $154.85.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.33 earnings per share (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 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 quarter in the prior year, the firm posted $0.42 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were given a $0.15 dividend. 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 -107.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Evercore reiterated an “in-line” rating and set a $175.00 target price (up from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Citigroup upped their price objective on Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Mizuho increased their price objective on Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a report on Tuesday, January 13th. Finally, Truist Financial raised their target price on Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels presently has an average rating of “Moderate Buy” and a consensus target price of $175.80.

Insider Activity

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of Hyatt Hotels stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the transaction, the insider owned 2,684 shares of the company’s stock, valued at $445,195.08. The trade was a 78.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 23.70% of the stock is currently owned by company insiders.

Hyatt Hotels 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.