Aigen Investment Management LP Raises Position in Hyatt Hotels Corporation (NYSE:H)

Key Points

• Aigen Investment Management LP increased its stake in Hyatt Hotels by 280.1%, now holding 17,922 shares valued at approximately $2.20 million.
• Recent analyst ratings for Hyatt Hotels show mixed sentiments, with Macquarie reducing its target price to $150.00, while Melius Research upgraded the stock to a "strong-buy" rating.
• Hyatt Hotels reported an earnings per share of $0.68 in their latest quarter, surpassing estimates, along with a quarterly dividend announcement of $0.15 per share.

Aigen Investment Management LP increased its position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 280.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,922 shares of the company's stock after acquiring an additional 13,207 shares during the period. Aigen Investment Management LP's holdings in Hyatt Hotels were worth $2,195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. grew its position in shares of Hyatt Hotels by 241.4% in the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company's stock valued at $106,677,000 after buying an additional 480,523 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Hyatt Hotels by 16.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock valued at $384,132,000 after buying an additional 441,417 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Hyatt Hotels in the 4th quarter valued at about $43,953,000. Deutsche Bank AG grew its position in shares of Hyatt Hotels by 209.8% in the 4th quarter. Deutsche Bank AG now owns 255,563 shares of the company's stock valued at $40,118,000 after buying an additional 173,075 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in shares of Hyatt Hotels by 9.3% in the 1st quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company's stock valued at $229,987,000 after buying an additional 160,461 shares during the last quarter. Institutional investors own 73.54% of the company's stock.

Insider Buying and Selling

In other Hyatt Hotels news, insider Jnp 2010-Pg Trust sold 266,793 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total transaction of $35,416,770.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the 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 371,111 shares of company stock valued at $49,273,516 over the last quarter. Corporate insiders own 23.70% of the company's stock.

Hyatt Hotels Stock Up 4.2%

Shares of Hyatt Hotels stock traded up $5.65 on Tuesday, hitting $140.66. The company had a trading volume of 1,064,835 shares, compared to its average volume of 966,599. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 2.29 and a beta of 1.46. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $168.20. The stock has a 50 day moving average of $140.72 and a 200-day moving average of $133.88. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.98 and a current ratio of 0.70.

Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%. During the same period in the prior year, the company posted $1.53 earnings per share. As a group, sell-side analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be issued 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 is currently 14.25%.

Analysts Set New Price Targets

H has been the topic of a number of recent analyst reports. Evercore ISI dropped their price objective on Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. Melius Research raised Hyatt Hotels to a "strong-buy" rating in a research note on Monday, April 21st. Morgan Stanley dropped their price objective 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. Finally, Macquarie dropped their price target on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Hyatt Hotels currently has an average rating of "Moderate Buy" and a consensus price target of $152.26.

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.