68,646 Shares in Hyatt Hotels Co. (NYSE:H) Purchased by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP acquired a new position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 68,646 shares of the company's stock, valued at approximately $8,952,000. Hyatt Hotels makes up approximately 1.0% of Pinnbrook Capital Management LP's holdings, making the stock its 23rd biggest position. Pinnbrook Capital Management LP owned 0.07% of Hyatt Hotels as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its stake in Hyatt Hotels by 59.4% in the first quarter. Bank of New York Mellon Corp now owns 256,384 shares of the company's stock valued at $24,472,000 after purchasing an additional 95,574 shares in the last quarter. American Century Companies Inc. grew its stake in Hyatt Hotels by 31.4% in the first quarter. American Century Companies Inc. now owns 3,991 shares of the company's stock valued at $381,000 after purchasing an additional 953 shares in the last quarter. Citigroup Inc. grew its stake in Hyatt Hotels by 13.2% in the first quarter. Citigroup Inc. now owns 18,865 shares of the company's stock valued at $1,801,000 after purchasing an additional 2,194 shares in the last quarter. Natixis Advisors L.P. bought a new position in Hyatt Hotels in the first quarter valued at approximately $1,214,000. Finally, MetLife Investment Management LLC bought a new position in Hyatt Hotels in the first quarter valued at approximately $94,000. 71.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

H has been the subject of a number of recent analyst reports. StockNews.com cut Hyatt Hotels from a "hold" rating to a "sell" rating in a research report on Thursday. Robert W. Baird raised their price objective on Hyatt Hotels from $116.00 to $134.00 and gave the company a "neutral" rating in a research report on Tuesday, February 13th. Redburn Atlantic cut Hyatt Hotels from a "buy" rating to a "neutral" rating and raised their price objective for the company from $120.00 to $130.00 in a research report on Tuesday, January 16th. TD Cowen raised their price objective on Hyatt Hotels from $95.00 to $160.00 and gave the company a "market perform" rating in a research report on Thursday, March 21st. Finally, TheStreet raised Hyatt Hotels from a "c+" rating to a "b-" rating in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $138.24.

Insider Activity

In related news, insider Joan Bottarini sold 4,250 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $128.72, for a total transaction of $547,060.00. Following the transaction, the insider now directly owns 11,301 shares of the company's stock, valued at approximately $1,454,664.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Joan Bottarini sold 4,250 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $128.72, for a total transaction of $547,060.00. Following the transaction, the insider now directly owns 11,301 shares of the company's stock, valued at approximately $1,454,664.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Traubert Foundation Pritzker sold 704,229 shares of the company's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total value of $111,247,055.13. The disclosure for this sale can be found here. Insiders have sold 2,144,504 shares of company stock valued at $333,945,183 in the last ninety days. 22.15% of the stock is owned by company insiders.

Hyatt Hotels Price Performance

Shares of H traded up $0.07 during midday trading on Monday, hitting $157.24. The company's stock had a trading volume of 727,415 shares, compared to its average volume of 706,193. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $161.50. The company's fifty day simple moving average is $147.35 and its two-hundred day simple moving average is $127.48. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 77.08, a price-to-earnings-growth ratio of 22.39 and a beta of 1.49.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.26. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.56 billion. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. During the same quarter in the previous year, the company posted $2.55 EPS. As a group, equities analysts expect that Hyatt Hotels Co. will post 3.25 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Wednesday, February 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Tuesday, February 27th. Hyatt Hotels's dividend payout ratio is 29.41%.

Hyatt Hotels 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.

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