Paloma Partners Management Co Acquires Shares of 25,000 Hyatt Hotels Co. (NYSE:H)

Paloma Partners Management Co purchased a new stake in Hyatt Hotels Co. (NYSE:H - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the company's stock, valued at approximately $3,924,000.

Other large investors have also recently modified their holdings of the company. Barclays PLC boosted its stake in shares of Hyatt Hotels by 2.3% in the 3rd quarter. Barclays PLC now owns 45,648 shares of the company's stock valued at $6,946,000 after purchasing an additional 1,032 shares during the last quarter. Virtu Financial LLC acquired a new stake in Hyatt Hotels during the 3rd quarter worth about $1,048,000. World Investment Advisors LLC acquired a new stake in Hyatt Hotels during the third quarter worth approximately $4,520,000. Tidal Investments LLC bought a new stake in shares of Hyatt Hotels in the 3rd quarter valued at $273,000. Finally, Synovus Financial Corp increased its holdings in shares of Hyatt Hotels by 15.4% during the third quarter. Synovus Financial Corp now owns 3,492 shares of the company's stock valued at $531,000 after acquiring an additional 467 shares in the last quarter. Institutional investors own 73.54% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on H. Mizuho cut their price target on shares of Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating on the stock in a report on Friday, February 14th. Morgan Stanley reduced their price objective on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. StockNews.com lowered Hyatt Hotels from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Wells Fargo & Company cut their price target on Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, Barclays boosted their price objective on Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $151.17.

Insider Transactions at Hyatt Hotels

In related news, insider Kinsey Wolf sold 1,000 shares of Hyatt Hotels stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the sale, the insider now owns 811 shares of the company's stock, valued at $99,712.45. The trade was a 55.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark R. Vondrasek sold 10,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the transaction, the insider now owns 9,337 shares in the company, valued at $1,090,561.60. This trade represents a 51.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,600 shares of company stock valued at $1,517,798. Insiders own 23.70% of the company's stock.

Hyatt Hotels Trading Up 3.6 %

NYSE:H traded up $4.32 during trading hours on Friday, hitting $123.00. The company had a trading volume of 1,583,520 shares, compared to its average volume of 661,220. 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 52 week low of $102.43 and a 52 week high of $168.20. The company has a market capitalization of $11.83 billion, a PE ratio of 9.89 and a beta of 1.35. The stock has a 50-day moving average price of $120.57 and a 200 day moving average price of $143.16.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the business posted $0.71 earnings per share. On average, equities research analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, May 29th. Hyatt Hotels's payout ratio is 4.82%.

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.