Atlas Capital Advisors Inc. Makes New $1.92 Million Investment in Hyatt Hotels Corporation $H

Atlas Capital Advisors Inc. purchased a new stake in Hyatt Hotels Corporation (NYSE:H) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,949 shares of the company’s stock, valued at approximately $1,916,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Johnson Financial Group Inc. boosted its position in Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Hyatt Hotels during the fourth quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its position in Hyatt Hotels by 98.2% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after buying an additional 107 shares during the last quarter. Ares Financial Consulting LLC bought a new stake in shares of Hyatt Hotels during the fourth quarter worth approximately $34,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Hyatt Hotels during the third quarter worth approximately $34,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Buying and Selling

In related news, Director Susan D. Kronick sold 1,119 shares of Hyatt Hotels stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total value of $195,276.69. Following the transaction, the director owned 31,225 shares in the company, valued at $5,449,074.75. This trade represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Udell sold 8,682 shares of Hyatt Hotels stock in a transaction on Monday, May 18th. The stock was sold at an average price of $172.00, for a total transaction of $1,493,304.00. Following the completion of the transaction, the insider owned 13,338 shares in the company, valued at approximately $2,294,136. The trade was a 39.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 237,458 shares of company stock worth $40,093,807 over the last 90 days. Insiders own 23.60% of the company’s stock.

Hyatt Hotels Trading Up 0.8%

Shares of H stock opened at $199.45 on Friday. The company has a 50 day moving average of $170.74 and a 200-day moving average of $163.62. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels Corporation has a 12-month low of $127.59 and a 12-month high of $200.47. The firm has a market cap of $18.78 billion, a P/E ratio of -569.86 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same period last year, the firm earned $0.46 EPS. Sell-side analysts anticipate that Hyatt Hotels Corporation will post 3.58 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, May 29th. Hyatt Hotels’s payout ratio is currently -171.43%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on H shares. Morgan Stanley boosted their price target on Hyatt Hotels from $195.00 to $208.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. HSBC upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price objective for the company in a research report on Thursday, June 4th. Mizuho upped their price target on shares of Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Sanford C. Bernstein upped their price target on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.40.

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.