Jain Global LLC Raises Stock Holdings in Hyatt Hotels Corporation $H

Jain Global LLC grew its holdings in Hyatt Hotels Corporation (NYSE:H) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,796 shares of the company’s stock after buying an additional 5,169 shares during the quarter. Jain Global LLC owned 0.20% of Hyatt Hotels worth $26,796,000 as of its most recent SEC filing.

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

Hyatt Hotels Stock Performance

H opened at $139.38 on Monday. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $180.53. The firm has a market capitalization of $13.17 billion, a PE ratio of -248.89, a PEG ratio of 1.72 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. The firm’s 50-day moving average price is $162.35 and its 200 day moving average price is $155.00.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates 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 earned $0.42 EPS. As a group, sell-side analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were given a dividend of $0.15 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is presently -107.14%.

Analyst Ratings Changes

H has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a research report on Wednesday, December 31st. Citigroup lifted their price objective on Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Truist Financial increased their target price on Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Robert W. Baird raised their target price on Hyatt Hotels from $154.00 to $156.00 and gave the company a “neutral” rating in a research report on Thursday, November 20th. Finally, Morgan Stanley lowered their price target on Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $175.80.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of the business’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 owned 2,684 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Company insiders own 23.70% of the company’s stock.

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.