Proficio Capital Partners LLC Acquires Shares of 45,053 Hyatt Hotels Co. (NYSE:H)

Proficio Capital Partners LLC acquired a new stake in Hyatt Hotels Co. (NYSE:H) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 45,053 shares of the company’s stock, valued at approximately $7,072,000.

Several other large investors have also recently added to or reduced their stakes in H. Sumitomo Mitsui Trust Group Inc. increased its stake in Hyatt Hotels by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 84,971 shares of the company’s stock valued at $12,933,000 after buying an additional 610 shares during the period. Victory Capital Management Inc. increased its stake in shares of Hyatt Hotels by 12.3% during the 3rd quarter. Victory Capital Management Inc. now owns 29,076 shares of the company’s stock worth $4,425,000 after purchasing an additional 3,176 shares during the last quarter. ING Groep NV acquired a new position in shares of Hyatt Hotels during the 3rd quarter worth $2,922,000. Natixis Advisors LLC increased its stake in shares of Hyatt Hotels by 14.0% during the 3rd quarter. Natixis Advisors LLC now owns 13,982 shares of the company’s stock worth $2,128,000 after purchasing an additional 1,720 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Hyatt Hotels by 0.6% during the 3rd quarter. Swiss National Bank now owns 134,000 shares of the company’s stock worth $20,395,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Activity at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the transaction, the director now directly owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This trade represents a 4.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on H shares. JPMorgan Chase & Co. increased their price target on shares of Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Macquarie dropped their price target on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Robert W. Baird dropped their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Jefferies Financial Group raised their target price on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Finally, Truist Financial raised their target price on shares of Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $162.24.

Hyatt Hotels Price Performance

NYSE:H opened at $122.28 on Monday. The company has a 50-day moving average of $148.28 and a 200-day moving average of $151.94. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 9.83 and a beta of 1.51. Hyatt Hotels Co. has a 52 week low of $119.30 and a 52 week high of $168.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period in the previous year, the business posted $0.64 earnings per share. As a group, equities research analysts anticipate that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s payout ratio is 4.82%.

Hyatt Hotels Profile

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 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, and other properties, including timeshare, fractional, residential, vacation, and condominium units.