Castleark Management LLC Acquires Shares of 45,190 Hyatt Hotels Corporation $H

Castleark Management LLC acquired a new stake in shares of Hyatt Hotels Corporation (NYSE:H) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,190 shares of the company’s stock, valued at approximately $7,245,000.

Several other institutional investors and hedge funds have also bought and sold shares of H. Allspring Global Investments Holdings LLC boosted its holdings in Hyatt Hotels by 14.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company’s stock worth $41,083,000 after buying an additional 32,048 shares during the period. JPMorgan Chase & Co. boosted its holdings in Hyatt Hotels by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock worth $20,911,000 after buying an additional 22,071 shares during the period. Assetmark Inc. boosted its holdings in Hyatt Hotels by 4.4% in the 3rd quarter. Assetmark Inc. now owns 80,300 shares of the company’s stock worth $11,397,000 after buying an additional 3,387 shares during the period. Truist Financial Corp boosted its holdings in Hyatt Hotels by 970.8% in the 4th quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock worth $2,970,000 after buying an additional 16,794 shares during the period. Finally, Candlestick Capital Management LP boosted its holdings in Hyatt Hotels by 53.9% in the 3rd quarter. Candlestick Capital Management LP now owns 631,290 shares of the company’s stock worth $89,599,000 after buying an additional 221,039 shares during the period. 73.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

H has been the subject of several analyst reports. Sanford C. Bernstein raised their price objective on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Wells Fargo & Company raised their price objective on shares of Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a report on Friday, March 27th. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Mizuho raised their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Moderate Buy” and an average price target of $192.40.

Hyatt Hotels Price Performance

H stock opened at $199.45 on Friday. The firm has a 50 day moving average of $170.74 and a 200-day moving average of $163.62. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels Corporation has a 12 month low of $127.59 and a 12 month high of $200.47. The firm has a market capitalization of $18.78 billion, a P/E ratio of -569.86 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $0.46 earnings per share. As a group, sell-side analysts predict that Hyatt Hotels Corporation will post 3.58 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is -171.43%.

Insider Activity

In other news, insider Jnp 2010-Pg Trust sold 213,434 shares of Hyatt Hotels stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the completion of the sale, the insider owned 213,434 shares in the company, valued at approximately $35,803,553.50. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan D. Kronick sold 1,119 shares of Hyatt Hotels stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $174.51, for a total value of $195,276.69. Following the sale, the director owned 31,225 shares of the company’s stock, valued at approximately $5,449,074.75. This trade represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 237,458 shares of company stock worth $40,093,807. Company insiders own 23.60% of the company’s stock.

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.