1,566,714 Shares in Hyatt Hotels Corporation $H Acquired by Long Pond Capital LP

Key Points

• Long Pond Capital LP acquired a significant stake of 1,566,714 shares in Hyatt Hotels Corporation, valuing approximately $191.9 million and representing 12.5% of their investment portfolio.
• Several institutional investors have increased their positions in Hyatt Hotels, with 73.54% of the company's stock now owned by institutional investors.
• Hyatt Hotels recently announced a quarterly dividend of $0.15 per share, which will be paid out to investors of record, providing a 0.4% dividend yield.

Long Pond Capital LP purchased a new stake in Hyatt Hotels Corporation (NYSE:H - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,566,714 shares of the company's stock, valued at approximately $191,922,000. Hyatt Hotels accounts for about 12.5% of Long Pond Capital LP's investment portfolio, making the stock its largest holding. Long Pond Capital LP owned 1.63% of Hyatt Hotels at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bernard Wealth Management Corp. bought a new stake in Hyatt Hotels during the fourth quarter valued at $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Hyatt Hotels during the 1st quarter valued at about $31,000. UMB Bank n.a. grew its holdings in shares of Hyatt Hotels by 138.8% during the first quarter. UMB Bank n.a. now owns 499 shares of the company's stock worth $61,000 after purchasing an additional 290 shares in the last quarter. OMERS ADMINISTRATION Corp increased its position in shares of Hyatt Hotels by 20.6% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 1,849 shares of the company's stock worth $290,000 after purchasing an additional 316 shares during the last quarter. Finally, Flynn Zito Capital Management LLC lifted its position in Hyatt Hotels by 13.2% during the first quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock valued at $234,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 73.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on H. Barclays lowered their price objective on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Robert W. Baird lifted their price target on Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Truist Financial reduced their price objective on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Evercore ISI dropped their target price on Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Wall Street Zen cut shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $152.26.

Hyatt Hotels Stock Performance

Shares of H stock opened at $144.0140 on Monday. The company has a market capitalization of $13.75 billion, a P/E ratio of 34.21, a PEG ratio of 2.25 and a beta of 1.46. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day moving average price of $142.06 and a two-hundred day moving average price of $132.71.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. During the same period in the previous year, the firm earned $1.53 earnings per share. Analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels's dividend payout ratio (DPR) is presently 14.25%.

Insiders Place Their Bets

In related news, insider David Udell sold 3,891 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $134.03, for a total transaction of $521,510.73. Following the completion of the transaction, the insider owned 16,756 shares in the company, valued at $2,245,806.68. This represents a 18.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Hotels Corp Hyatt purchased 996,587 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was bought at an average price of $13.50 per share, for a total transaction of $13,453,924.50. Following the acquisition, the insider owned 117,077,441 shares of the company's stock, valued at $1,580,545,453.50. This represents a 0.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 6,491 shares of company stock worth $870,211 in the last quarter. 23.70% of the stock is currently owned by company 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.

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