Crestline Management LP Has $1.08 Million Holdings in Hyatt Hotels Co. (NYSE:H)

Crestline Management LP lifted its position in Hyatt Hotels Co. (NYSE:H - Free Report) by 230.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,890 shares of the company's stock after acquiring an additional 4,807 shares during the period. Crestline Management LP's holdings in Hyatt Hotels were worth $1,082,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. TT International Asset Management LTD acquired a new stake in shares of Hyatt Hotels during the 4th quarter valued at $5,283,000. GAMMA Investing LLC raised its stake in shares of Hyatt Hotels by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 1,056 shares of the company's stock valued at $166,000 after buying an additional 155 shares in the last quarter. Truist Financial Corp bought a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $307,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Hyatt Hotels by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company's stock worth $447,376,000 after purchasing an additional 9,477 shares during the last quarter. Finally, Artemis Investment Management LLP raised its stake in shares of Hyatt Hotels by 3.8% in the fourth quarter. Artemis Investment Management LLP now owns 257,753 shares of the company's stock worth $40,462,000 after acquiring an additional 9,345 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

H has been the topic of a number of recent research reports. Susquehanna increased their price objective on Hyatt Hotels from $150.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Truist Financial cut their price target on Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. StockNews.com cut Hyatt Hotels from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Jefferies Financial Group lowered their price target on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, Robert W. Baird reduced their price objective on shares of Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $151.17.

Hyatt Hotels Stock Up 0.1%

Shares of H stock traded up $0.15 during trading hours on Friday, hitting $127.10. 878,759 shares of the company were exchanged, compared to its average volume of 670,042. The business has a 50 day moving average of $118.74 and a two-hundred day moving average of $141.85. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a 52 week low of $102.43 and a 52 week high of $168.20. The company has a market capitalization of $12.22 billion, a PE ratio of 10.22 and a beta of 1.36.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its 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. 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 in the prior year, the business earned $0.71 EPS. Analysts anticipate that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Thursday, May 29th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.47%. The ex-dividend date is Thursday, May 29th. Hyatt Hotels's payout ratio is 7.79%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 10,000 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the transaction, the insider now directly owns 9,337 shares of the company's stock, valued at $1,090,561.60. This represents a 51.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 37,927 shares in the company, 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. Over the last quarter, insiders have sold 12,600 shares of company stock valued at $1,517,798. 23.70% of the stock is owned by insiders.

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.