Hudson Bay Capital Management LP Sells 65,326 Shares of Hyatt Hotels Corporation $H

Hudson Bay Capital Management LP cut its holdings in Hyatt Hotels Corporation (NYSE:H) by 32.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,209 shares of the company’s stock after selling 65,326 shares during the quarter. Hudson Bay Capital Management LP owned about 0.14% of Hyatt Hotels worth $19,048,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in shares of Hyatt Hotels by 21.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after purchasing an additional 843,121 shares during the last quarter. Bank of America Corp DE increased its position in 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 worth $171,545,000 after buying an additional 562,611 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Hyatt Hotels by 24.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock valued at $392,548,000 after buying an additional 545,003 shares in the last quarter. GRS Advisors LLC bought a new position in Hyatt Hotels during the second quarter valued at about $74,264,000. Finally, Mane Global Capital Management LP acquired a new stake in shares of Hyatt Hotels in the second quarter worth about $47,007,000. 73.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on H shares. Truist Financial increased their price objective on Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Morgan Stanley decreased their target price on Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, March 10th. Wells Fargo & Company increased their price target on Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a research report on Wednesday, January 14th. They issued a “buy” rating and a $198.00 price target on the stock. Finally, Citigroup boosted their price objective on shares of Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $175.80.

Hyatt Hotels Price Performance

NYSE H opened at $145.27 on Thursday. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $180.53. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $13.72 billion, a PE ratio of -259.40, a P/E/G ratio of 1.83 and a beta of 1.22. The stock has a 50-day simple moving average of $161.10 and a 200 day simple moving average of $154.93.

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

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were paid a $0.15 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is presently -107.14%.

Insider Transactions at Hyatt Hotels

In related news, insider Javier Aguila sold 9,548 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the completion of the transaction, the insider directly owned 2,684 shares in the company, valued at $445,195.08. This represents a 78.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 23.70% of the company’s stock.

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.