Nightview Capital LLC Purchases 31,679 Shares of Hyatt Hotels Corporation $H

Key Points

• Nightview Capital LLC significantly increased its stake in Hyatt Hotels Corporation by 146.0%, acquiring an additional 31,679 shares, bringing its total holdings to 53,376 shares, valued at approximately $6.54 million.
• Hyatt Hotels announced a quarterly dividend of $0.15 per share, which will be paid on September 10th, yielding 0.4% annually.
• Analysts have mixed ratings for Hyatt Hotels with two showing Strong Buy, while others have issued neutral or sell ratings; the average consensus price target is $151.89.

Nightview Capital LLC grew its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 146.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 53,376 shares of the company's stock after buying an additional 31,679 shares during the period. Hyatt Hotels accounts for approximately 4.2% of Nightview Capital LLC's portfolio, making the stock its 5th largest position. Nightview Capital LLC owned about 0.06% of Hyatt Hotels worth $6,539,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in H. BNP Paribas Financial Markets raised its holdings in shares of Hyatt Hotels by 21.4% in the fourth quarter. BNP Paribas Financial Markets now owns 34,273 shares of the company's stock valued at $5,380,000 after buying an additional 6,039 shares during the last quarter. Captrust Financial Advisors purchased a new position in Hyatt Hotels during the fourth quarter worth about $769,000. Cetera Investment Advisers raised its holdings in Hyatt Hotels by 24.3% during the fourth quarter. Cetera Investment Advisers now owns 5,853 shares of the company's stock worth $919,000 after purchasing an additional 1,146 shares in the last quarter. Crestline Management LP raised its holdings in Hyatt Hotels by 230.8% during the fourth quarter. Crestline Management LP now owns 6,890 shares of the company's stock worth $1,082,000 after purchasing an additional 4,807 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Hyatt Hotels by 209.8% during the fourth quarter. Deutsche Bank AG now owns 255,563 shares of the company's stock worth $40,118,000 after purchasing an additional 173,075 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $135.00, for a total value of $216,000.00. Following the sale, the director directly owned 37,825 shares in the company, valued at $5,106,375. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Hotels Corp Hyatt bought 996,587 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $13,453,924.50. Following the transaction, the insider owned 117,077,441 shares of the company's stock, valued at $1,580,545,453.50. The trade was a 0.86% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 10,542 shares of company stock valued at $1,457,606 over the last three months. Company insiders own 23.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on H. Robert W. Baird increased their price target on shares of Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Raymond James Financial raised shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price target for the company in a report on Tuesday, July 1st. Wall Street Zen cut shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Truist Financial increased their price target on shares of Hyatt Hotels from $140.00 to $159.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Barclays dropped their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $151.89.

Hyatt Hotels Price Performance

Shares of H stock traded down $0.37 during trading hours on Friday, hitting $144.91. The company's stock had a trading volume of 611,825 shares, compared to its average volume of 860,498. The business has a fifty day moving average of $143.85 and a 200-day moving average of $132.15. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 2.16 and a beta of 1.43. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates 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 prior year, the business earned $1.53 earnings per share. As a group, equities research analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be given a $0.15 dividend. The ex-dividend date 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%.

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.