Delta Global Management LP Buys New Shares in Hyatt Hotels Corporation $H

Delta Global Management LP acquired a new stake in shares of Hyatt Hotels Corporation (NYSE:H) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 17,478 shares of the company’s stock, valued at approximately $2,481,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Candlestick Capital Management LP boosted its holdings in Hyatt Hotels by 53.9% in the 3rd quarter. Candlestick Capital Management LP now owns 631,290 shares of the company’s stock worth $89,599,000 after buying an additional 221,039 shares during the period. Bamco Inc. NY raised its holdings in Hyatt Hotels by 2.7% during the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after acquiring an additional 161,461 shares during the period. California Public Employees Retirement System lifted its position in shares of Hyatt Hotels by 21.5% in the third quarter. California Public Employees Retirement System now owns 72,018 shares of the company’s stock valued at $10,222,000 after acquiring an additional 12,766 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Hyatt Hotels by 15.8% in the third quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after acquiring an additional 193,530 shares in the last quarter. Finally, Creative Planning grew its position in shares of Hyatt Hotels by 5.9% during the third quarter. Creative Planning now owns 9,734 shares of the company’s stock worth $1,382,000 after purchasing an additional 538 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

Analysts Set New Price Targets

H has been the topic of a number of research analyst reports. Truist Financial boosted their price target on Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, December 29th. Barclays boosted their target price on shares of Hyatt Hotels from $198.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Citigroup upped their target price on shares of Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $188.00 price target on shares of Hyatt Hotels in a report on Friday, January 2nd. Two 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, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.80.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of the company’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 completion of the sale, the insider owned 2,684 shares in the company, valued at $445,195.08. This represents a 78.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 23.70% of the stock is currently owned by corporate insiders.

Hyatt Hotels Trading Down 2.9%

NYSE H opened at $139.38 on Monday. The company’s 50-day moving average price is $162.35 and its 200-day moving average price is $155.00. 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 stock has a market cap of $13.17 billion, a PE ratio of -248.89, a PEG ratio of 1.72 and a beta of 1.22.

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

Hyatt Hotels Announces Dividend

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

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.