Proficio Capital Partners LLC Buys Shares of 45,053 Hyatt Hotels Co. (NYSE:H)

Proficio Capital Partners LLC bought a new position in Hyatt Hotels Co. (NYSE:H) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 45,053 shares of the company’s stock, valued at approximately $7,072,000.

Several other large investors also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after buying an additional 175 shares in the last quarter. UMB Bank n.a. grew its holdings in Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after acquiring an additional 104 shares during the period. iA Global Asset Management Inc. acquired a new stake in Hyatt Hotels in the 3rd quarter valued at about $51,000. Venturi Wealth Management LLC boosted its position in shares of Hyatt Hotels by 750.0% during the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after purchasing an additional 300 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Hyatt Hotels by 31.9% in the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock worth $73,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Trading Down 0.7 %

NYSE:H opened at $139.96 on Tuesday. The company’s 50 day moving average is $153.17 and its 200-day moving average is $152.91. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a 12 month low of $128.91 and a 12 month high of $168.20. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 11.25 and a beta of 1.48.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the business earned $0.64 EPS. Equities analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be given a $0.15 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.43%. Hyatt Hotels’s dividend payout ratio is 4.82%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on H shares. Jefferies Financial Group lifted their price target on shares of Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Morgan Stanley cut their target price on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Truist Financial upped their target price on Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price target on Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Wells Fargo & Company reduced their price objective on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $162.55.

About Hyatt Hotels

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.