Jain Global LLC Increases Stock Holdings in Hyatt Hotels Corporation $H

Jain Global LLC boosted its position in shares of Hyatt Hotels Corporation (NYSE:H) by 2.8% during the third quarter, Holdings Channel.com reports. The firm owned 188,796 shares of the company’s stock after buying an additional 5,169 shares during the quarter. Jain Global LLC’s holdings in Hyatt Hotels were worth $26,796,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Evercore reaffirmed an “in-line” rating and issued a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Mizuho raised their price objective on Hyatt Hotels from $203.00 to $223.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Citigroup upped their target price on shares of Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. increased their target price on shares of Hyatt Hotels from $178.00 to $179.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $175.80.

Insider Activity

In other news, insider Javier Aguila sold 9,548 shares of the firm’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 transaction, the insider owned 2,684 shares of the company’s stock, valued at approximately $445,195.08. This trade represents a 78.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 23.70% of the company’s stock.

Hyatt Hotels Trading Down 2.9%

Shares of NYSE H opened at $139.38 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $13.17 billion, a PE ratio of -248.89, a PEG ratio of 1.72 and a beta of 1.22. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $180.53. The stock has a fifty day simple moving average of $162.35 and a 200-day simple moving average of $155.00.

Hyatt Hotels (NYSE:H) last posted its earnings results 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 analyst estimates of $1.78 billion. During the same quarter in the prior year, the company earned $0.42 EPS. On average, equities analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were paid 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 yield of 0.4%. Hyatt Hotels’s dividend payout ratio is -107.14%.

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.