Nightview Capital LLC Cuts Position in Hyatt Hotels Corporation $H

Nightview Capital LLC lowered its stake in Hyatt Hotels Corporation (NYSE:H) by 11.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,659 shares of the company’s stock after selling 6,090 shares during the quarter. Hyatt Hotels accounts for approximately 3.0% of Nightview Capital LLC’s portfolio, making the stock its 9th largest position. Nightview Capital LLC’s holdings in Hyatt Hotels were worth $6,480,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of H. Quent Capital LLC acquired a new stake in Hyatt Hotels in the third quarter worth $34,000. MAI Capital Management boosted its position in shares of Hyatt Hotels by 53.4% during the 2nd quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after purchasing an additional 94 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Hyatt Hotels by 18,500.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $52,000 after buying an additional 370 shares during the period. Allworth Financial LP increased its position in Hyatt Hotels by 350.5% in the 2nd quarter. Allworth Financial LP now owns 410 shares of the company’s stock valued at $57,000 after buying an additional 319 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Hyatt Hotels by 311.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 559 shares of the company’s stock worth $79,000 after buying an additional 423 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

H opened at $161.31 on Thursday. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $174.58. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.69 and a quick ratio of 0.68. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of -173.45, a P/E/G ratio of 1.93 and a beta of 1.27. The firm’s fifty day moving average price is $162.64 and its two-hundred day moving average price is $151.23.

Hyatt Hotels (NYSE:H) last released 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). Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $0.94 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

H has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a report on Tuesday. Robert W. Baird lifted their price target on shares of Hyatt Hotels from $154.00 to $156.00 and gave the company a “neutral” rating in a research report on Thursday, November 20th. The Goldman Sachs Group began coverage on shares of Hyatt Hotels in a report on Wednesday, January 14th. They set a “buy” rating and a $198.00 price objective on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $188.00 price objective on shares of Hyatt Hotels in a research note on Friday, January 2nd. Finally, Morgan Stanley boosted their target price on shares of Hyatt Hotels from $168.00 to $194.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.13.

Insider Transactions at Hyatt Hotels

In other news, insider David Udell sold 4,300 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $166.00, for a total transaction of $713,800.00. Following the completion of the sale, the insider directly owned 13,746 shares of the company’s stock, valued at $2,281,836. This trade represents a 23.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Peter Sears sold 12,394 shares of Hyatt Hotels stock in a transaction on Monday, November 10th. The stock was sold at an average price of $155.51, for a total value of $1,927,390.94. Following the sale, the insider owned 5,594 shares in the company, valued at $869,922.94. The trade was a 68.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,383 shares of company stock worth $5,321,682 in the last 90 days. Insiders own 23.70% of the company’s stock.

Hyatt Hotels Company 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.