Quantessence Capital LLC Buys New Stake in Hyatt Hotels Co. (NYSE:H)

Quantessence Capital LLC purchased a new stake in Hyatt Hotels Co. (NYSE:H) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,354 shares of the company’s stock, valued at approximately $370,000.

Several other large investors also recently bought and sold shares of the stock. Bernard Wealth Management Corp. acquired a new position in shares of Hyatt Hotels in the 4th quarter valued at $26,000. Versant Capital Management Inc raised its holdings in shares of Hyatt Hotels by 583.3% in the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock valued at $32,000 after buying an additional 175 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of 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 buying an additional 104 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Hyatt Hotels by 750.0% during the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after buying an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in Hyatt Hotels by 31.9% in the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after acquiring an additional 113 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analyst Upgrades and Downgrades

H has been the topic of several analyst reports. Mizuho lowered their target price on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Barclays lowered their price objective on shares of Hyatt Hotels from $151.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Stifel Nicolaus cut their price objective on shares of Hyatt Hotels from $156.75 to $132.00 and set a “hold” rating for the company in a research report on Wednesday, April 16th. Morgan Stanley lowered their target price on shares of Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Evercore ISI upgraded shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective for the company in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $151.83.

Hyatt Hotels Price Performance

H stock opened at $107.28 on Wednesday. The stock’s 50 day moving average price is $124.74 and its 200 day moving average price is $145.03. The firm has a market cap of $10.32 billion, a P/E ratio of 8.62 and a beta of 1.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. Hyatt Hotels Co. has a 1 year low of $102.43 and a 1 year high of $168.20.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the business earned $0.64 EPS. On average, sell-side analysts expect that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s dividend payout ratio is presently 4.82%.

Insider Activity at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, the director now directly owns 37,927 shares in the company, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kinsey Wolf sold 1,000 shares of Hyatt Hotels stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the sale, the insider now owns 811 shares of the company’s stock, valued at $99,712.45. This trade represents a 55.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,600 shares of company stock valued at $1,517,798. Company insiders own 23.70% of the company’s stock.

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.