Alyeska Investment Group L.P. Invests $43.95 Million in Hyatt Hotels Co. (NYSE:H)

Alyeska Investment Group L.P. acquired a new stake in shares of Hyatt Hotels Co. (NYSE:H - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 279,991 shares of the company's stock, valued at approximately $43,953,000. Alyeska Investment Group L.P. owned 0.29% of Hyatt Hotels as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new stake in Hyatt Hotels in the fourth quarter worth approximately $26,000. Versant Capital Management Inc boosted its stake in shares of Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company's stock valued at $32,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Hyatt Hotels by 99.0% during the 4th quarter. UMB Bank n.a. now owns 209 shares of the company's stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Venturi Wealth Management LLC raised its position in Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock worth $53,000 after purchasing an additional 300 shares during the period. Finally, Fifth Third Bancorp lifted its stake in Hyatt Hotels by 31.9% in the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company's stock worth $73,000 after purchasing an additional 113 shares during the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Up 1.8 %

NYSE H traded up $2.16 during trading hours on Wednesday, reaching $123.72. 1,340,305 shares of the company's stock traded hands, compared to its average volume of 669,772. Hyatt Hotels Co. has a 52-week low of $102.43 and a 52-week high of $168.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a 50-day simple moving average of $119.54 and a 200 day simple moving average of $142.46. The firm has a market cap of $11.90 billion, a PE ratio of 9.95 and a beta of 1.36.

Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.16. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period last year, the business earned $0.71 earnings per share. Sell-side analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.48%. Hyatt Hotels's payout ratio is presently 7.79%.

Insider Transactions at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 10,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the transaction, the insider now directly owns 9,337 shares of the company's stock, valued at $1,090,561.60. The trade was a 51.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the transaction, the insider now owns 811 shares in the company, valued at approximately $99,712.45. This trade represents a 55.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,600 shares of company stock valued at $1,517,798 in the last quarter. 23.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on H shares. Jefferies Financial Group decreased their price objective on Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Melius Research upgraded Hyatt Hotels to a "strong-buy" rating in a research report on Monday, April 21st. The Goldman Sachs Group increased their price objective on Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a research note on Friday, May 2nd. Stifel Nicolaus decreased their target price on shares of Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company dropped their price target on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Hyatt Hotels currently has an average rating of "Hold" and a consensus target price of $151.17.

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.