Covalis Capital LLP Buys New Holdings in Hyatt Hotels Corporation $H

Covalis Capital LLP purchased a new position in shares of Hyatt Hotels Corporation (NYSE:H) in the 2nd quarter, Holdings Channel reports. The firm purchased 14,576 shares of the company’s stock, valued at approximately $2,036,000.

A number of other large investors also recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new stake in shares of Hyatt Hotels in the 1st quarter valued at $31,000. MassMutual Private Wealth & Trust FSB increased its holdings in Hyatt Hotels by 86.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the last quarter. MAI Capital Management raised its stake in Hyatt Hotels by 53.4% in the second quarter. MAI Capital Management now owns 270 shares of the company’s stock valued at $38,000 after buying an additional 94 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Hyatt Hotels by 18,500.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock worth $52,000 after buying an additional 370 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Hyatt Hotels by 33.2% during the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock worth $54,000 after acquiring an additional 96 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Performance

Shares of H opened at $158.29 on Friday. The company’s 50 day simple moving average is $145.89 and its 200-day simple moving average is $141.53. The firm has a market cap of $15.03 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 2.54 and a beta of 1.43. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month high of $168.20. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. As a group, equities analysts predict that Hyatt Hotels Corporation 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 Monday, December 8th. Investors of record on Monday, November 24th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, November 24th. Hyatt Hotels’s payout ratio is -64.52%.

Analysts Set New Price Targets

H has been the topic of several research analyst reports. Stifel Nicolaus raised their target price on Hyatt Hotels from $155.00 to $158.00 and gave the stock a “hold” rating in a research report on Monday, November 10th. Morgan Stanley raised shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $147.00 to $168.00 in a report on Wednesday, October 22nd. Robert W. Baird boosted their price objective on shares of Hyatt Hotels from $154.00 to $156.00 and gave the stock a “neutral” rating in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Wednesday. Finally, Wall Street Zen cut shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $157.67.

Insider Activity at Hyatt Hotels

In related news, insider Peter Sears sold 12,394 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the sale, the insider directly owned 5,594 shares of the company’s stock, valued at $869,922.94. This trade represents a 68.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David Udell sold 3,010 shares of Hyatt Hotels stock in a transaction on Monday, November 10th. The shares were sold at an average price of $157.00, for a total transaction of $472,570.00. Following the completion of the transaction, the insider owned 13,746 shares in the company, valued at approximately $2,158,122. This trade represents a 17.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 23,586 shares of company stock valued at $3,611,550. 23.70% of the stock is owned by company insiders.

Hyatt Hotels Company 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.