Night Squared LP Acquires 19,905 Shares of Hyatt Hotels Corporation $H

Night Squared LP grew its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 69.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,676 shares of the company’s stock after acquiring an additional 19,905 shares during the period. Hyatt Hotels comprises approximately 2.2% of Night Squared LP’s holdings, making the stock its 15th largest position. Night Squared LP’s holdings in Hyatt Hotels were worth $7,804,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new stake in shares of Hyatt Hotels during the 4th quarter valued at $26,000. Johnson Financial Group Inc. grew its position in shares of Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after acquiring an additional 144 shares during the period. Ares Financial Consulting LLC purchased a new position in shares of Hyatt Hotels during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC lifted its stake in shares of Hyatt Hotels by 98.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after buying an additional 107 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Hyatt Hotels during the 4th quarter valued at $37,000. Institutional investors own 73.54% of the company’s stock.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Jnp 2010-Pg Trust sold 213,434 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $167.75, for a total value of $35,803,553.50. Following the sale, the insider owned 213,434 shares in the company, valued at $35,803,553.50. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Udell sold 2,087 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total transaction of $392,356.00. Following the completion of the sale, the insider owned 16,638 shares in the company, valued at approximately $3,127,944. The trade was a 11.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 237,458 shares of company stock worth $40,093,807. 23.60% of the stock is owned by corporate insiders.

Hyatt Hotels Stock Down 0.6%

Shares of H stock opened at $197.84 on Wednesday. The stock has a market cap of $18.63 billion, a P/E ratio of -565.26 and a beta of 1.33. Hyatt Hotels Corporation has a 52 week low of $127.59 and a 52 week high of $206.00. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The company’s fifty day simple moving average is $172.93 and its two-hundred day simple moving average is $164.08.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same quarter in the previous year, the company earned $0.46 EPS. Analysts predict that Hyatt Hotels Corporation will post 3.58 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 29th were paid a $0.15 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.3%. Hyatt Hotels’s payout ratio is presently -171.43%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on H. Robert W. Baird lifted their target price on shares of Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Susquehanna lowered their target price on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Mizuho lifted their target price on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Finally, Citigroup lifted their target price on shares of Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.40.

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.