Malaga Cove Capital LLC Makes New $405,000 Investment in Hyatt Hotels Co. (NYSE:H)

Malaga Cove Capital LLC bought a new stake in shares of Hyatt Hotels Co. (NYSE:H) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,105 shares of the company’s stock, valued at approximately $405,000.

Several other hedge funds and other institutional investors also recently modified their holdings of H. Procyon Advisors LLC increased its position in Hyatt Hotels by 3.8% in the fourth quarter. Procyon Advisors LLC now owns 2,627 shares of the company’s stock worth $343,000 after buying an additional 96 shares during the period. New York Life Investment Management LLC lifted its position in Hyatt Hotels by 1.7% in the 4th quarter. New York Life Investment Management LLC now owns 8,189 shares of the company’s stock valued at $1,068,000 after purchasing an additional 134 shares during the last quarter. Red Spruce Capital LLC boosted its stake in Hyatt Hotels by 1.0% during the 4th quarter. Red Spruce Capital LLC now owns 13,912 shares of the company’s stock valued at $1,814,000 after purchasing an additional 136 shares during the period. Gilbert & Cook Inc. grew its position in Hyatt Hotels by 10.6% in the 3rd quarter. Gilbert & Cook Inc. now owns 1,934 shares of the company’s stock worth $205,000 after purchasing an additional 185 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Hyatt Hotels by 9.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,655 shares of the company’s stock valued at $282,000 after purchasing an additional 221 shares during the period. Institutional investors own 71.02% of the company’s stock.

Insiders Place Their Bets

In related news, insider Mark Samuel Hoplamazian sold 75,457 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total value of $11,957,670.79. Following the completion of the sale, the insider now directly owns 459,000 shares in the company, valued at approximately $72,737,730. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Hyatt Hotels news, insider Joan Bottarini sold 10,695 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total value of $1,592,699.40. Following the sale, the insider now owns 16,104 shares of the company’s stock, valued at approximately $2,398,207.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Samuel Hoplamazian sold 75,457 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total value of $11,957,670.79. Following the transaction, the insider now owns 459,000 shares of the company’s stock, valued at $72,737,730. The disclosure for this sale can be found here. Insiders have sold 2,084,248 shares of company stock valued at $326,572,489 over the last three months. 23.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Mizuho reduced their price objective on Hyatt Hotels from $197.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Robert W. Baird increased their price target on Hyatt Hotels from $116.00 to $134.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 13th. Morgan Stanley cut shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $149.00 to $156.00 in a research note on Monday, March 11th. Redburn Atlantic lowered shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and increased their target price for the company from $120.00 to $130.00 in a research report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. upped their target price on Hyatt Hotels from $162.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $141.88.

Hyatt Hotels Stock Down 0.8 %

H traded down $1.18 during trading on Friday, reaching $150.50. 383,745 shares of the stock traded hands, compared to its average volume of 507,499. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59. Hyatt Hotels Co. has a fifty-two week low of $96.77 and a fifty-two week high of $161.50. The stock’s 50-day simple moving average is $154.57 and its two-hundred day simple moving average is $133.41. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 73.77, a price-to-earnings-growth ratio of 21.47 and a beta of 1.49.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.38 by $0.26. The business had revenue of $1.66 billion during 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 quarter in the previous year, the business posted $2.55 EPS. As a group, equities research analysts expect that Hyatt Hotels Co. will post 3.24 EPS for the current year.

Hyatt Hotels Announces Dividend

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

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.