Nightview Capital LLC Invests $3.41 Million in Hyatt Hotels Co. (NYSE:H)

Nightview Capital LLC purchased a new stake in Hyatt Hotels Co. (NYSE:H - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 21,697 shares of the company's stock, valued at approximately $3,406,000. Hyatt Hotels accounts for approximately 1.4% of Nightview Capital LLC's holdings, making the stock its 4th largest position.

Several other hedge funds have also made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new position in shares of Hyatt Hotels in the 4th quarter worth approximately $26,000. UMB Bank n.a. increased its position 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 purchasing an additional 104 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock valued at $53,000 after buying an additional 300 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Hyatt Hotels by 31.9% in the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company's stock valued at $73,000 after buying an additional 113 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Hyatt Hotels by 78.8% in the 4th quarter. Blue Trust Inc. now owns 581 shares of the company's stock valued at $88,000 after buying an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Susquehanna raised their price objective on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Melius Research upgraded shares of Hyatt Hotels to a "strong-buy" rating in a research note on Monday, April 21st. Wells Fargo & Company reduced their price objective on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Jefferies Financial Group cut their target price on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, Evercore ISI lowered their price target on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Two 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $151.17.

Hyatt Hotels Trading Up 0.8%

H stock traded up $1.11 during midday trading on Friday, reaching $135.30. 833,872 shares of the company's stock traded hands, compared to its average volume of 686,252. The company has a market capitalization of $13.01 billion, a P/E ratio of 10.88 and a beta of 1.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. Hyatt Hotels Co. has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The business has a 50-day moving average price of $118.88 and a two-hundred day moving average price of $141.34.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.16. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the previous year, the company posted $0.71 earnings per share. Equities research analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.44%. Hyatt Hotels's payout ratio is currently 7.79%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now directly owns 37,927 shares of the company's stock, valued at approximately $5,377,290.06. This represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction on 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 $99,712.45. This trade represents a 55.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 377,220 shares of company stock valued at $49,921,103 over the last ninety days. Corporate insiders own 23.70% of the company's stock.

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.