Bain Capital Public Equity LP Buys 4,464 Shares of Hyatt Hotels Co. (NYSE:H)

Bain Capital Public Equity LP increased its position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,644 shares of the company's stock after acquiring an additional 4,464 shares during the quarter. Hyatt Hotels comprises about 3.8% of Bain Capital Public Equity LP's investment portfolio, making the stock its 13th largest position. Bain Capital Public Equity LP's holdings in Hyatt Hotels were worth $5,909,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Townsquare Capital LLC boosted its position in Hyatt Hotels by 3.4% during the 4th quarter. Townsquare Capital LLC now owns 2,801 shares of the company's stock worth $440,000 after acquiring an additional 92 shares during the last quarter. Kensington Investment Counsel LLC lifted its position in shares of Hyatt Hotels by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company's stock worth $2,136,000 after purchasing an additional 95 shares in the last quarter. Bridges Investment Management Inc. boosted its holdings in Hyatt Hotels by 2.3% during the fourth quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company's stock worth $681,000 after purchasing an additional 99 shares during the last quarter. UMB Bank n.a. increased its stake in Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company's stock valued at $33,000 after buying an additional 104 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Hyatt Hotels by 0.9% during the 4th quarter. Arizona State Retirement System now owns 13,050 shares of the company's stock worth $2,049,000 after buying an additional 110 shares in the last quarter. Institutional investors own 73.54% of the company's stock.

Analyst Ratings Changes

H has been the topic of a number of recent research reports. Jefferies Financial Group lowered their target price on Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. The Goldman Sachs Group upped their price objective on Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research note on Friday. Mizuho lowered their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating on the stock in a report on Friday, February 14th. Macquarie cut their price target on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Truist Financial lowered their price objective on shares of Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $151.17.

Insiders Place Their Bets

In other news, insider Mark R. Vondrasek sold 10,000 shares of the company's stock in a transaction 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 in the company, valued at approximately $1,090,561.60. This represents a 51.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of the business'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 sale, the insider now owns 811 shares in the company, valued at $99,712.45. This represents a 55.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,600 shares of company stock valued at $1,517,798. 23.70% of the stock is currently owned by corporate insiders.

Hyatt Hotels Price Performance

H traded down $0.82 on Tuesday, hitting $121.39. 1,111,999 shares of the stock were exchanged, compared to its average volume of 666,573. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 9.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. Hyatt Hotels Co. has a 12 month low of $102.43 and a 12 month high of $168.20. The business has a 50-day moving average of $119.54 and a two-hundred day moving average of $142.46.

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 for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. Sell-side analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Thursday, May 29th will be given 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 0.49%. Hyatt Hotels's dividend payout ratio is currently 7.79%.

About Hyatt Hotels

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.