Senator Investment Group LP Invests $24.50 Million in Hyatt Hotels Corporation $H

Key Points

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Senator Investment Group LP bought a new position in Hyatt Hotels Corporation (NYSE:H - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 200,000 shares of the company's stock, valued at approximately $24,500,000. Senator Investment Group LP owned 0.21% of Hyatt Hotels at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in Hyatt Hotels in the 4th quarter worth $26,000. Bank of Jackson Hole Trust acquired a new position in Hyatt Hotels in the 1st quarter worth $31,000. UMB Bank n.a. boosted its stake in Hyatt Hotels by 138.8% in the 1st quarter. UMB Bank n.a. now owns 499 shares of the company's stock worth $61,000 after purchasing an additional 290 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in Hyatt Hotels by 20.6% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 1,849 shares of the company's stock worth $290,000 after purchasing an additional 316 shares during the period. Finally, Flynn Zito Capital Management LLC boosted its stake in shares of Hyatt Hotels by 13.2% during the 1st quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock worth $234,000 after buying an additional 223 shares during the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hyatt Hotels

In related news, major shareholder Hotels Corp Hyatt bought 996,587 shares of the business's stock in a transaction 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 completion of the transaction, the insider directly owned 117,077,441 shares of the company's stock, valued at approximately $1,580,545,453.50. This represents a 0.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Cary D. Mcmillan sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $132.70, for a total transaction of $132,700.00. Following the completion of the sale, the director owned 498 shares in the company, valued at $66,084.60. This represents a 66.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,491 shares of company stock worth $870,211. Corporate insiders own 23.70% of the company's stock.

Hyatt Hotels Price Performance

Shares of NYSE H traded up $7.1840 during trading hours on Friday, hitting $144.0140. 975,320 shares of the stock were exchanged, compared to its average volume of 1,028,760. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $13.75 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 2.14 and a beta of 1.46. The company's fifty day simple moving average is $142.06 and its two-hundred day simple moving average is $133.12. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business posted $1.53 EPS. On average, sell-side analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels's dividend payout ratio (DPR) is currently 14.25%.

Analysts Set New Price Targets

A number of research firms have recently commented on H. Macquarie reduced their price objective on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Barclays reduced their price objective on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Robert W. Baird upped their target price on shares of Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Wall Street Zen cut shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Finally, The Goldman Sachs Group upped their target price on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.26.

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.