Hudson Bay Capital Management LP Acquires 197,404 Shares of Hyatt Hotels Corporation $H

Hudson Bay Capital Management LP grew its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 9,263.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 199,535 shares of the company’s stock after acquiring an additional 197,404 shares during the quarter. Hudson Bay Capital Management LP owned 0.21% of Hyatt Hotels worth $27,865,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Swedbank AB grew its stake in shares of Hyatt Hotels by 54.6% during the first quarter. Swedbank AB now owns 31,716 shares of the company’s stock valued at $3,885,000 after buying an additional 11,207 shares during the last quarter. SCS Capital Management LLC purchased a new stake in Hyatt Hotels in the 1st quarter worth approximately $407,000. Russell Investments Group Ltd. grew its position in shares of Hyatt Hotels by 12.7% in the 1st quarter. Russell Investments Group Ltd. now owns 27,651 shares of the company’s stock worth $3,386,000 after buying an additional 3,117 shares during the last quarter. Long Pond Capital LP bought a new stake in Hyatt Hotels during the first quarter worth about $191,922,000. Finally, Sovereign Financial Group Inc. purchased a new stake in Hyatt Hotels in the second quarter worth about $392,000. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Analyst Ratings Changes

H has been the subject of a number of analyst reports. JPMorgan Chase & Co. assumed coverage on Hyatt Hotels in a research report on Monday, November 24th. They set an “overweight” rating and a $178.00 price objective for the company. Morgan Stanley upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $147.00 to $168.00 in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday. Wells Fargo & Company began coverage on Hyatt Hotels in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $154.00 price objective for the company. Finally, Citigroup upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and upped their target price for the company from $138.00 to $167.00 in a research note on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $158.93.

Hyatt Hotels Trading Up 0.2%

Hyatt Hotels stock opened at $161.47 on Friday. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.10. The company has a market cap of $15.33 billion, a P/E ratio of -173.63, a P/E/G ratio of 4.04 and a beta of 1.29. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.47. The business has a 50-day simple moving average of $151.28 and a two-hundred day simple moving average of $144.53.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a positive return on equity of 3.22% and a negative net margin of 1.27%.The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. Analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is -64.52%.

Insider Buying and Selling

In other Hyatt Hotels news, insider David Udell sold 4,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total transaction of $713,800.00. Following the sale, the insider owned 13,746 shares in the company, valued at approximately $2,281,836. This trade represents a 23.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Sears sold 12,394 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the sale, the insider directly owned 5,594 shares of the company’s stock, valued at approximately $869,922.94. This trade represents a 68.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 23,835 shares of company stock valued at $3,737,955. 23.70% of the stock is currently owned by corporate insiders.

Hyatt Hotels Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.