Sirios Capital Management L P Makes New Investment in Hyatt Hotels Corporation $H

Sirios Capital Management L P purchased a new position in Hyatt Hotels Corporation (NYSE:H) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,678 shares of the company’s stock, valued at approximately $1,516,000.

A number of other hedge funds have also made changes to their positions in H. Principal Financial Group Inc. raised its holdings in Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after purchasing an additional 843,121 shares in the last quarter. Bank of America Corp DE boosted its stake in Hyatt Hotels by 84.5% during the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after purchasing an additional 562,611 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Hyatt Hotels by 24.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock valued at $392,548,000 after purchasing an additional 545,003 shares during the period. GRS Advisors LLC bought a new stake in shares of Hyatt Hotels in the 2nd quarter worth $74,264,000. Finally, Mane Global Capital Management LP acquired a new stake in shares of Hyatt Hotels in the second quarter valued at $47,007,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Trading Down 2.9%

NYSE:H opened at $139.38 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $180.53. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of -248.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. The stock has a fifty day simple moving average of $162.35 and a 200 day simple moving average of $154.85.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company earned $0.42 EPS. Sell-side analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.15 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s payout ratio is currently -107.14%.

Insider Activity

In related news, insider Javier Aguila sold 9,548 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total value of $1,583,726.76. Following the completion of the sale, the insider owned 2,684 shares in the company, valued at approximately $445,195.08. This represents a 78.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on H shares. Barclays raised their target price on Hyatt Hotels from $198.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Mizuho upped their price target on shares of Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a report on Tuesday, January 13th. Citigroup lifted their price objective on shares of Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. The Goldman Sachs Group started coverage on shares of Hyatt Hotels in a report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 target price on the stock. Finally, Truist Financial increased their target price on shares of Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Hyatt Hotels has an average rating of “Moderate Buy” and an average target price of $175.80.

About Hyatt Hotels

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.