Bain Capital Public Equity Management II LLC bought a new stake in shares of Hyatt Hotels Co. (NYSE:H – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 524,387 shares of the company’s stock, valued at approximately $58,621,000. Hyatt Hotels accounts for 3.3% of Bain Capital Public Equity Management II LLC’s investment portfolio, making the stock its 15th biggest position. Bain Capital Public Equity Management II LLC owned 0.49% of Hyatt Hotels at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of Hyatt Hotels by 10.3% in the first quarter. Tower Research Capital LLC TRC now owns 3,014 shares of the company’s stock worth $337,000 after acquiring an additional 281 shares during the last quarter. Empire Financial Management Company LLC acquired a new position in Hyatt Hotels during the first quarter worth $267,000. Waratah Capital Advisors Ltd. acquired a new position in Hyatt Hotels during the fourth quarter worth $265,000. Moore Capital Management LP acquired a new position in Hyatt Hotels during the first quarter worth $2,235,000. Finally, Archon Partners LLC increased its position in Hyatt Hotels by 13.2% during the fourth quarter. Archon Partners LLC now owns 60,000 shares of the company’s stock worth $5,427,000 after buying an additional 7,000 shares during the last quarter. 46.03% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Hyatt Hotels
In other news, Director Michael A. Rocca sold 1,508 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $113.87, for a total value of $171,715.96. Following the completion of the transaction, the director now owns 18,285 shares in the company, valued at $2,082,112.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 21.24% of the company’s stock.
Hyatt Hotels Stock Down 2.0 %
Hyatt Hotels (NYSE:H – Get Free Report) last released its earnings results on Thursday, August 3rd. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). Hyatt Hotels had a return on equity of 13.30% and a net margin of 6.88%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the business earned $0.46 earnings per share. On average, research analysts anticipate that Hyatt Hotels Co. will post 2.52 earnings per share for the current year.
Hyatt Hotels Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, August 24th. Hyatt Hotels’s payout ratio is 14.63%.
Analysts Set New Price Targets
Several research firms have commented on H. Sanford C. Bernstein increased their target price on shares of Hyatt Hotels from $136.00 to $147.00 and gave the stock an “outperform” rating in a research report on Monday, August 14th. StockNews.com began coverage on shares of Hyatt Hotels in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Morgan Stanley lowered their target price on shares of Hyatt Hotels from $136.00 to $132.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. 22nd Century Group reissued a “reiterates” rating on shares of Hyatt Hotels in a research report on Friday, June 30th. Finally, Citigroup restated a “neutral” rating and set a $122.00 price target on shares of Hyatt Hotels in a report on Friday, June 30th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.60.
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/SW Asia 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, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.
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