Sirios Capital Management L P Makes New Investment in Hyatt Hotels Corporation $H

Sirios Capital Management L P bought a new position in Hyatt Hotels Corporation (NYSE:H) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,678 shares of the company’s stock, valued at approximately $1,516,000.

A number of other institutional investors have also made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC lifted its stake in Hyatt Hotels by 0.8% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock worth $1,339,000 after purchasing an additional 72 shares during the last quarter. New England Research & Management Inc. boosted its holdings in Hyatt Hotels by 0.3% in the third quarter. New England Research & Management Inc. now owns 23,351 shares of the company’s stock worth $3,314,000 after purchasing an additional 80 shares during the period. US Bancorp DE increased its stake in Hyatt Hotels by 2.3% during the third quarter. US Bancorp DE now owns 3,788 shares of the company’s stock valued at $538,000 after purchasing an additional 85 shares during the last quarter. CW Advisors LLC raised its holdings in shares of Hyatt Hotels by 4.1% during the second quarter. CW Advisors LLC now owns 2,362 shares of the company’s stock worth $330,000 after purchasing an additional 93 shares during the period. Finally, MAI Capital Management lifted its position in shares of Hyatt Hotels by 53.4% in the 2nd quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after buying an additional 94 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on H. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $188.00 price objective on shares of Hyatt Hotels in a research report on Friday, January 2nd. The Goldman Sachs Group began coverage on shares of Hyatt Hotels in a report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, December 29th. Barclays increased their price target on Hyatt Hotels from $198.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Mizuho boosted their price objective on Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.80.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $139.38 on Friday. The firm’s 50 day moving average is $162.35 and its two-hundred day moving average is $154.85. The firm has a market capitalization of $13.17 billion, a P/E ratio of -248.89, a PEG 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 52 week low of $102.43 and a 52 week high of $180.53.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. Analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

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

Insider Activity at Hyatt Hotels

In other news, insider Javier Aguila sold 9,548 shares of the firm’s stock in a transaction 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 directly owned 2,684 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.70% of the company’s stock.

About Hyatt Hotels

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.