III Capital Management Takes $4.40 Million Position in Hyatt Hotels Co. (NYSE:H)

III Capital Management acquired a new stake in shares of Hyatt Hotels Co. (NYSE:H - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 28,000 shares of the company's stock, valued at approximately $4,395,000. Hyatt Hotels makes up about 0.7% of III Capital Management's investment portfolio, making the stock its 19th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bernard Wealth Management Corp. purchased a new stake in shares of Hyatt Hotels in the fourth quarter valued at $26,000. Versant Capital Management Inc increased its holdings in shares of Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company's stock valued at $32,000 after acquiring an additional 175 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company's stock valued at $33,000 after acquiring an additional 104 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock worth $53,000 after purchasing an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Hyatt Hotels by 31.9% in the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company's stock worth $73,000 after buying an additional 113 shares during the last quarter. Institutional investors own 73.54% of the company's stock.

Hyatt Hotels Stock Performance

Shares of NYSE H traded down $0.63 during trading on Wednesday, hitting $112.72. The company had a trading volume of 968,070 shares, compared to its average volume of 652,389. The stock has a 50 day simple moving average of $120.95 and a 200 day simple moving average of $143.39. The firm has a market capitalization of $10.84 billion, a P/E ratio of 9.06 and a beta of 1.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. Hyatt Hotels Co. has a 12 month low of $102.43 and a 12 month high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.22). The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period last year, the company earned $0.64 earnings per share. As a group, analysts anticipate that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels's dividend payout ratio is presently 4.82%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. The Goldman Sachs Group reissued a "sell" rating and issued a $110.00 price target (down from $150.00) on shares of Hyatt Hotels in a report on Monday, April 14th. Wells Fargo & Company decreased their target price on Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Melius Research raised Hyatt Hotels to a "strong-buy" rating in a report on Monday, April 21st. Macquarie decreased their price objective on Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, February 14th. Finally, Evercore ISI upgraded Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 target price for the company in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $151.83.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the sale, the director now owns 37,927 shares in the company, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the sale, the insider now directly owns 811 shares in the company, valued at approximately $99,712.45. The trade was a 55.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,600 shares of company stock worth $1,517,798. Company insiders own 23.70% of the company's stock.

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.