QRG Capital Management Inc. Sells 6,959 Shares of Hyatt Hotels Corporation $H

QRG Capital Management Inc. reduced its position in shares of Hyatt Hotels Corporation (NYSE:H) by 32.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,687 shares of the company’s stock after selling 6,959 shares during the quarter. QRG Capital Management Inc.’s holdings in Hyatt Hotels were worth $2,084,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of Hyatt Hotels by 84.5% in the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after purchasing an additional 562,611 shares during the period. GRS Advisors LLC acquired a new position in Hyatt Hotels during the second quarter worth approximately $74,264,000. Mane Global Capital Management LP bought a new stake in Hyatt Hotels in the second quarter valued at approximately $47,007,000. Par Capital Management Inc. lifted its position in shares of Hyatt Hotels by 551.8% in the second quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock valued at $51,847,000 after buying an additional 314,300 shares during the last quarter. Finally, Hudson Bay Capital Management LP lifted its stake in shares of Hyatt Hotels by 9,263.4% during the 2nd quarter. Hudson Bay Capital Management LP now owns 199,535 shares of the company’s stock worth $27,865,000 after buying an additional 197,404 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $167.86 on Tuesday. The firm has a market cap of $15.94 billion, a PE ratio of -180.49, a price-to-earnings-growth ratio of 1.88 and a beta of 1.29. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.69 and a quick ratio of 0.68. The stock’s fifty day moving average price is $161.63 and its two-hundred day moving average price is $150.27. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $174.58.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. As a group, research analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, November 24th. Hyatt Hotels’s dividend payout ratio is presently -64.52%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Javier Aguila sold 9,548 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total value of $1,583,726.76. Following the completion of the transaction, the insider directly owned 2,684 shares in the company, valued at approximately $445,195.08. The trade was a 78.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Sears sold 12,394 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the sale, the insider directly owned 5,594 shares of the company’s stock, valued at approximately $869,922.94. This trade represents a 68.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,383 shares of company stock valued at $5,321,682 in the last ninety days. 23.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on H shares. The Goldman Sachs Group began coverage on shares of Hyatt Hotels in a research note on Wednesday, January 14th. They issued a “buy” rating and a $198.00 price target on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $188.00 target price on shares of Hyatt Hotels in a research report on Friday, January 2nd. Stifel Nicolaus lifted their price target on Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a report on Wednesday, December 31st. Wells Fargo & Company assumed coverage on Hyatt Hotels in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $154.00 price target for the company. Finally, Mizuho increased their price objective on Hyatt Hotels from $203.00 to $223.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.13.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.