Xponance Inc. Takes Position in Hyatt Hotels Co. (NYSE:H)

Xponance Inc. acquired a new stake in Hyatt Hotels Co. (NYSE:H) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,381 shares of the company’s stock, valued at approximately $702,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. New York State Teachers Retirement System purchased a new stake in Hyatt Hotels during the fourth quarter valued at about $1,472,000. Whittier Trust Co. grew its position in Hyatt Hotels by 2.6% during the fourth quarter. Whittier Trust Co. now owns 49,812 shares of the company’s stock valued at $6,496,000 after acquiring an additional 1,260 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Hyatt Hotels by 0.5% during the third quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company’s stock worth $239,367,000 after purchasing an additional 11,041 shares in the last quarter. State of Michigan Retirement System acquired a new position in shares of Hyatt Hotels during the fourth quarter worth about $1,382,000. Finally, Gulf International Bank UK Ltd lifted its stake in shares of Hyatt Hotels by 8,771.9% during the fourth quarter. Gulf International Bank UK Ltd now owns 5,057 shares of the company’s stock worth $659,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Insider Transactions at Hyatt Hotels

In related news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total value of $200,096,680.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total value of $200,096,680.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Traubert Foundation Pritzker sold 704,229 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $157.97, for a total value of $111,247,055.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,077,803 shares of company stock worth $325,526,849. 23.50% of the stock is currently owned by company insiders.

Hyatt Hotels Stock Up 0.1 %

Shares of Hyatt Hotels stock opened at $151.36 on Friday. The firm has a market cap of $15.31 billion, a P/E ratio of 74.20, a P/E/G ratio of 21.66 and a beta of 1.49. The business has a 50-day moving average price of $153.22 and a 200 day moving average price of $131.74. Hyatt Hotels Co. has a fifty-two week low of $96.77 and a fifty-two week high of $161.50. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. During the same period in the prior year, the firm earned $2.55 EPS. On average, sell-side analysts forecast that Hyatt Hotels Co. will post 3.24 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Tuesday, February 27th. Hyatt Hotels’s payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on H shares. Redburn Atlantic cut Hyatt Hotels from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $120.00 to $130.00 in a research note on Tuesday, January 16th. JPMorgan Chase & Co. boosted their price objective on Hyatt Hotels from $162.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Royal Bank of Canada boosted their price target on Hyatt Hotels from $37.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. Jefferies Financial Group boosted their price target on Hyatt Hotels from $104.00 to $127.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Finally, Evercore ISI reiterated an “in-line” rating and issued a $135.00 price target on shares of Hyatt Hotels in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Hyatt Hotels has a consensus rating of “Hold” and a consensus target price of $141.88.

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.