Lighthouse Investment Partners LLC Sells 15,773 Shares of Hyatt Hotels Corporation $H

Lighthouse Investment Partners LLC lowered its position in Hyatt Hotels Corporation (NYSE:H) by 19.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,919 shares of the company’s stock after selling 15,773 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Hyatt Hotels were worth $9,356,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in Hyatt Hotels by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock valued at $52,229,000 after purchasing an additional 29,976 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Hyatt Hotels by 8.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock valued at $17,556,000 after buying an additional 11,252 shares during the period. Allworth Financial LP boosted its position in shares of Hyatt Hotels by 350.5% during the second quarter. Allworth Financial LP now owns 410 shares of the company’s stock valued at $57,000 after buying an additional 319 shares during the period. KBC Group NV grew its stake in shares of Hyatt Hotels by 36.2% during the second quarter. KBC Group NV now owns 13,813 shares of the company’s stock valued at $1,929,000 after buying an additional 3,668 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Hyatt Hotels by 4.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 15,215 shares of the company’s stock worth $2,125,000 after buying an additional 627 shares during the period. Institutional investors own 73.54% of the company’s stock.

Insider Transactions at Hyatt Hotels

In related news, insider Javier Aguila sold 9,548 shares of the company’s stock in a transaction dated 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 $445,195.08. This represents a 78.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 23.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on H. The Goldman Sachs Group initiated coverage on Hyatt Hotels in a research note on Wednesday, January 14th. They set a “buy” rating and a $198.00 price target for the company. JPMorgan Chase & Co. upped their price objective on Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Mizuho increased their target price on Hyatt Hotels from $203.00 to $223.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Truist Financial lifted 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. Finally, Evercore restated an “in-line” rating and issued a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.80.

Hyatt Hotels Trading Down 2.9%

H opened at $139.38 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. The stock’s fifty day moving average is $162.35 and its two-hundred day moving average is $155.00. The company has a market capitalization of $13.17 billion, a P/E ratio of -248.89, a PEG ratio of 1.72 and a beta of 1.22. 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 earnings results on Thursday, February 12th. The company reported $1.33 earnings per share 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 analysts’ expectations of $1.78 billion. During the same period in the prior year, the business earned $0.42 EPS. Analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

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

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.