Cinctive Capital Management LP Invests $8.75 Million in Hyatt Hotels Corporation $H

Key Points

• Cinctive Capital Management LP invested approximately $8.75 million in Hyatt Hotels Corporation, acquiring 71,391 shares and increasing their ownership to 0.07% as of the latest reporting period.
• Hyatt Hotels reported earnings of $0.68 per share, exceeding the consensus estimate of $0.62, and had a revenue of $1.81 billion for the last quarter.
• The company announced a quarterly dividend of $0.15 per share, indicating a dividend yield of 0.4% and a payout ratio of 14.25% for its shareholders.

Cinctive Capital Management LP bought a new position in Hyatt Hotels Corporation (NYSE:H - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 71,391 shares of the company's stock, valued at approximately $8,745,000. Cinctive Capital Management LP owned approximately 0.07% of Hyatt Hotels as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of H. State of Alaska Department of Revenue grew its stake in shares of Hyatt Hotels by 127.9% in the first quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company's stock worth $1,346,000 after acquiring an additional 6,170 shares during the period. Bridges Investment Management Inc. boosted its holdings in shares of Hyatt Hotels by 87.0% in the first quarter. Bridges Investment Management Inc. now owns 8,119 shares of the company's stock worth $995,000 after buying an additional 3,778 shares during the last quarter. ASR Vermogensbeheer N.V. purchased a new position in shares of Hyatt Hotels during the 1st quarter worth $1,155,000. TT International Asset Management LTD grew its position in shares of Hyatt Hotels by 10.0% during the 1st quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock valued at $4,535,000 after acquiring an additional 3,360 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Hyatt Hotels by 12.7% in the 1st quarter. Russell Investments Group Ltd. now owns 27,651 shares of the company's stock worth $3,386,000 after purchasing an additional 3,117 shares during the period. Hedge funds and other institutional investors own 73.54% of the company's stock.

Insider Buying and Selling

In related news, insider David Udell sold 4,051 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total transaction of $587,395.00. Following the completion of the transaction, the insider directly owned 16,756 shares in the company, valued at $2,429,620. The trade was a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 1,000 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $132.70, for a total value of $132,700.00. Following the completion of the sale, the director owned 498 shares in the company, valued at $66,084.60. The trade was a 66.76% decrease in their position. The disclosure for this sale can be found here. 23.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on H shares. Wall Street Zen lowered Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Citigroup raised shares of Hyatt Hotels from a "neutral" rating to a "buy" rating and increased their target price for the stock from $138.00 to $167.00 in a report on Tuesday. Barclays decreased their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Friday, August 8th. Raymond James Financial raised shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price objective for the company in a research note on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $152.68.

Hyatt Hotels Trading Down 0.3%

H traded down $0.48 during trading on Tuesday, hitting $144.94. 320,071 shares of the stock were exchanged, compared to its average volume of 943,648. The firm has a 50 day simple moving average of $143.96 and a 200 day simple moving average of $132.18. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $168.20. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 2.16 and a beta of 1.43.

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

Hyatt Hotels Dividend Announcement

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

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.