Bain Capital Public Equity LP Raises Stock Position in Hyatt Hotels Co. (NYSE:H)

Bain Capital Public Equity LP grew its holdings in Hyatt Hotels Co. (NYSE:H - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,644 shares of the company's stock after acquiring an additional 4,464 shares during the quarter. Hyatt Hotels accounts for approximately 3.8% of Bain Capital Public Equity LP's investment portfolio, making the stock its 13th biggest position. Bain Capital Public Equity LP's holdings in Hyatt Hotels were worth $5,909,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bamco Inc. NY grew its position in Hyatt Hotels by 1.2% in the fourth quarter. Bamco Inc. NY now owns 5,550,789 shares of the company's stock valued at $871,363,000 after acquiring an additional 67,385 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Hyatt Hotels by 21.4% during the fourth quarter. BNP Paribas Financial Markets now owns 34,273 shares of the company's stock valued at $5,380,000 after acquiring an additional 6,039 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Hyatt Hotels in the fourth quarter valued at $43,953,000. Meiji Yasuda Life Insurance Co bought a new position in shares of Hyatt Hotels during the fourth quarter worth about $754,000. Finally, Schonfeld Strategic Advisors LLC lifted its stake in shares of Hyatt Hotels by 93.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 99,842 shares of the company's stock worth $15,673,000 after acquiring an additional 48,208 shares during the period. 73.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on H. Susquehanna upped their price objective on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Robert W. Baird decreased their price target on Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company dropped their price objective on Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. The Goldman Sachs Group raised their target price on Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research note on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price target on Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $151.17.

Hyatt Hotels Price Performance

H stock remained flat at $126.95 during midday trading on Friday. The company's stock had a trading volume of 548,979 shares, compared to its average volume of 671,773. The stock has a market cap of $12.21 billion, a PE ratio of 10.20 and a beta of 1.36. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The company's 50-day moving average is $118.94 and its 200-day moving average is $142.16. Hyatt Hotels Co. has a twelve month low of $102.43 and a twelve month high of $168.20.

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

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th will be paid 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 0.47%. Hyatt Hotels's payout ratio is 7.79%.

Insider Buying and Selling

In other news, insider Kinsey Wolf sold 1,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the completion of the transaction, the insider now owns 811 shares of the company's stock, valued at approximately $99,712.45. The trade was a 55.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now directly owns 37,927 shares of the company's stock, valued at $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,600 shares of company stock valued at $1,517,798. 23.70% of the stock is owned by insiders.

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.