BlueCrest Capital Management Ltd Invests $7.83 Million in Hyatt Hotels Corporation $H

Key Points

• BlueCrest Capital Management acquired 40,391 Hyatt Hotels shares worth approximately $7.83 million in the second quarter. Institutional investors collectively own 73.54% of Hyatt’s outstanding stock.
• Hyatt reported quarterly earnings of $1.12 per share, beating estimates of $0.91, while revenue rose 1.2% year over year to $1.83 billion.
• The company declared a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a 0.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $197.07.

BlueCrest Capital Management Ltd acquired a new stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 40,391 shares of the company's stock, valued at approximately $7,829,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Johnson Financial Group Inc. raised its position in shares of Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company's stock worth $25,000 after buying an additional 144 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Hyatt Hotels in the 4th quarter worth about $26,000. DV Equities LLC purchased a new stake in shares of Hyatt Hotels in the 4th quarter valued at about $32,000. Raiffeisen Bank International AG boosted its position in shares of Hyatt Hotels by 140.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 171 shares of the company's stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Hyatt Hotels during the third quarter worth about $34,000. Institutional investors own 73.54% of the company's stock.

Insiders Place Their Bets

In other Hyatt Hotels news, Director Susan Kronick sold 1,700 shares of Hyatt Hotels stock in a transaction on Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the transaction, the director owned 29,525 shares in the company, valued at approximately $5,310,957. The trade was a 5.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is currently owned by company insiders.

Hyatt Hotels Trading Down 1.6%

Shares of NYSE H opened at $158.48 on Thursday. Hyatt Hotels Corporation has a 1 year low of $134.18 and a 1 year high of $206.86. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a 50-day moving average of $179.88 and a 200 day moving average of $172.60. The stock has a market cap of $14.93 billion, a P/E ratio of 193.27 and a beta of 1.34.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. The business's revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Hyatt Hotels Corporation will post 3.54 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 27th. Hyatt Hotels's dividend payout ratio (DPR) is 73.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on H shares. Morgan Stanley lowered their target price on shares of Hyatt Hotels from $218.00 to $209.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 18th. JPMorgan Chase & Co. dropped their price objective on shares of Hyatt Hotels from $215.00 to $209.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Wolfe Research started coverage on shares of Hyatt Hotels in a research report on Wednesday, September 2nd. They issued an "outperform" rating and a $203.00 target price for the company. Sanford C. Bernstein raised their price target on Hyatt Hotels from $186.00 to $202.00 and gave the company an "outperform" rating in a research report on Friday, May 15th. Finally, Wall Street Zen raised Hyatt Hotels from a "sell" rating to a "hold" rating in a research note on Saturday, May 23rd. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $197.07.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation NYSE: H is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt's business model combines property ownership, management contracts and third-party franchising.

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