59,506 Shares in Hyatt Hotels Co. (NYSE:H) Purchased by Twinbeech Capital LP

Twinbeech Capital LP bought a new position in Hyatt Hotels Co. (NYSE:H - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 59,506 shares of the company's stock, valued at approximately $9,341,000. Twinbeech Capital LP owned approximately 0.06% of Hyatt Hotels at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in H. Bernard Wealth Management Corp. bought a new stake in Hyatt Hotels during the fourth quarter worth approximately $26,000. UMB Bank n.a. increased its stake in Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company's stock worth $33,000 after acquiring an additional 104 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Hyatt Hotels by 750.0% during the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock worth $53,000 after acquiring an additional 300 shares during the last quarter. Fifth Third Bancorp increased its stake in Hyatt Hotels by 31.9% during the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company's stock worth $73,000 after acquiring an additional 113 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Hyatt Hotels by 78.8% during the fourth quarter. Blue Trust Inc. now owns 581 shares of the company's stock worth $88,000 after acquiring an additional 256 shares during the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Down 1.0%

Shares of NYSE:H opened at $133.65 on Tuesday. The business's 50 day moving average is $119.05 and its 200 day moving average is $141.12. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The stock has a market cap of $12.76 billion, a P/E ratio of 10.74 and a beta of 1.36. Hyatt Hotels Co. has a 52-week low of $102.43 and a 52-week high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last posted 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 company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter in the prior year, the business earned $0.71 earnings per share. Sell-side analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders 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 dividend on an annualized basis and a yield of 0.45%. Hyatt Hotels's dividend payout ratio is currently 7.79%.

Insiders Place Their Bets

In related news, insider Kinsey Wolf sold 1,000 shares of the company'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 transaction, the insider now directly owns 811 shares of the company's stock, valued at $99,712.45. This represents a 55.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total value of $7,083,672.75. The disclosure for this sale can be found here. Insiders sold a total of 377,220 shares of company stock worth $49,921,103 over the last 90 days. Company insiders own 23.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on H. The Goldman Sachs Group boosted 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, May 2nd. Morgan Stanley cut their target price on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial cut their target price 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. Mizuho cut their target price on Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating on the stock in a research note on Friday, February 14th. Finally, Robert W. Baird cut their target price on 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 equities 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 given a strong buy rating to the stock. According to MarketBeat, Hyatt Hotels presently has an average rating of "Hold" and a consensus price target of $151.17.

Hyatt Hotels Company 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.

Want to see what other hedge funds are holding H? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyatt Hotels Co. (NYSE:H - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.