Malaga Cove Capital LLC Boosts Stock Position in Hyatt Hotels Co. (NYSE:H)

Malaga Cove Capital LLC raised its stake in shares of Hyatt Hotels Co. (NYSE:H) by 37.9% in the third quarter, Holdings Channel reports. The institutional investor owned 4,241 shares of the company’s stock after buying an additional 1,165 shares during the quarter. Malaga Cove Capital LLC’s holdings in Hyatt Hotels were worth $645,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in shares of Hyatt Hotels by 165.7% during the first quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock valued at $8,601,000 after buying an additional 33,603 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Hyatt Hotels by 152.2% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,453 shares of the company’s stock valued at $551,000 after purchasing an additional 2,084 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Hyatt Hotels by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 38,702 shares of the company’s stock valued at $6,178,000 after buying an additional 506 shares during the last quarter. Duality Advisers LP bought a new stake in Hyatt Hotels in the 1st quarter worth about $1,850,000. Finally, Quantbot Technologies LP purchased a new position in Hyatt Hotels in the 1st quarter worth about $2,097,000. 71.02% of the stock is owned by institutional investors.

Insider Transactions at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 23.50% of the company’s stock.

Analysts Set New Price Targets

H has been the topic of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a report on Wednesday, September 18th. They set a “neutral” rating and a $151.00 price target on the stock. Wells Fargo & Company cut their target price on shares of Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus increased their price target on Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a report on Tuesday, August 20th. Truist Financial cut their price objective on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Bank of America increased their target price on Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, October 21st. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $151.57.

Hyatt Hotels Stock Performance

NYSE:H opened at $153.11 on Thursday. The stock has a 50-day moving average price of $150.87 and a 200 day moving average price of $148.90. The stock has a market capitalization of $15.36 billion, a P/E ratio of 11.54 and a beta of 1.50. Hyatt Hotels Co. has a 12-month low of $103.89 and a 12-month high of $162.24. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm posted $0.70 EPS. Equities research analysts forecast that Hyatt Hotels Co. will post 3.86 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Hyatt Hotels Profile

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.