Citigroup Inc. Purchases 170,013 Shares of Hyatt Hotels Corporation $H

Citigroup Inc. raised its position in shares of Hyatt Hotels Corporation (NYSE:H) by 622.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 197,309 shares of the company’s stock after buying an additional 170,013 shares during the quarter. Citigroup Inc. owned about 0.21% of Hyatt Hotels worth $28,004,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Hyatt Hotels by 21.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after acquiring an additional 843,121 shares during the period. Bank of America Corp DE lifted its holdings in shares of Hyatt Hotels by 84.5% during the second 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 last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Hyatt Hotels by 24.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock worth $392,548,000 after purchasing an additional 545,003 shares in the last quarter. GRS Advisors LLC purchased a new stake in shares of Hyatt Hotels in the 2nd quarter worth approximately $74,264,000. Finally, Mane Global Capital Management LP bought a new position in Hyatt Hotels during the 2nd quarter valued at approximately $47,007,000. 73.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

H has been the subject of several analyst reports. Morgan Stanley raised their price target on Hyatt Hotels from $168.00 to $194.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Robert W. Baird raised their price objective on shares of Hyatt Hotels from $154.00 to $156.00 and gave the company a “neutral” rating in a research note on Thursday, November 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $188.00 target price on shares of Hyatt Hotels in a report on Friday, January 2nd. Evercore reiterated an “in-line” rating and set a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. Finally, Barclays boosted their price objective on shares of Hyatt Hotels from $198.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $176.40.

Hyatt Hotels Stock Up 2.6%

H opened at $168.31 on Thursday. The stock has a market capitalization of $15.90 billion, a price-to-earnings ratio of -300.56, a PEG ratio of 1.91 and a beta of 1.27. The firm has a 50 day moving average price of $164.38 and a 200-day moving average price of $153.66. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $180.53. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, February 12th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $1.04. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.78 billion. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. During the same quarter in the previous year, the firm posted $0.42 EPS. Equities research analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be given 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 is Monday, March 2nd. Hyatt Hotels’s dividend payout ratio is -107.14%.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the completion of the sale, the insider directly owned 2,684 shares in the company, valued at $445,195.08. The trade was a 78.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 23.70% of the company’s stock.

About Hyatt Hotels

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.