Grayhawk Investment Strategies Inc. Invests $817,000 in Hyatt Hotels Co. (NYSE:H)

Grayhawk Investment Strategies Inc. bought a new stake in shares of Hyatt Hotels Co. (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 bought 6,262 shares of the company’s stock, valued at approximately $817,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Procyon Advisors LLC raised its stake in Hyatt Hotels by 3.8% during the 4th quarter. Procyon Advisors LLC now owns 2,627 shares of the company’s stock valued at $343,000 after purchasing an additional 96 shares during the period. Quadrant Capital Group LLC increased its stake in Hyatt Hotels by 49.8% in the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after acquiring an additional 127 shares during the last quarter. New York Life Investment Management LLC increased its stake in Hyatt Hotels by 1.7% in the 4th quarter. New York Life Investment Management LLC now owns 8,189 shares of the company’s stock worth $1,068,000 after acquiring an additional 134 shares during the last quarter. Red Spruce Capital LLC increased its stake in Hyatt Hotels by 1.0% in the 4th quarter. Red Spruce Capital LLC now owns 13,912 shares of the company’s stock worth $1,814,000 after acquiring an additional 136 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Hyatt Hotels by 9.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,655 shares of the company’s stock worth $282,000 after acquiring an additional 221 shares during the last quarter. Institutional investors own 71.02% of the company’s stock.

Wall Street Analyst Weigh In

H has been the topic of a number of research reports. TD Cowen lifted their price objective on Hyatt Hotels from $95.00 to $160.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. StockNews.com upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Stifel Nicolaus lifted their target price on Hyatt Hotels from $146.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, April 11th. Robert W. Baird lifted their target price on Hyatt Hotels from $160.00 to $162.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Finally, Mizuho lifted their target price on Hyatt Hotels from $195.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus price target of $148.31.

Hyatt Hotels Stock Down 0.4 %

NYSE:H traded down $0.53 during mid-day trading on Friday, hitting $145.15. 296,828 shares of the company’s stock traded hands, compared to its average volume of 438,116. The company has a fifty day moving average of $150.34 and a 200 day moving average of $140.78. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $161.50. The company has a market capitalization of $14.69 billion, a P/E ratio of 22.54 and a beta of 1.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, May 9th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.02). Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the company earned $0.41 earnings per share. On average, analysts forecast that Hyatt Hotels Co. will post 3.34 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.41%. Hyatt Hotels’s payout ratio is presently 9.32%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Traubert Foundation Pritzker sold 704,229 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $157.97, for a total transaction of $111,247,055.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Traubert Foundation Pritzker sold 704,229 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $157.97, for a total value of $111,247,055.13. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark R. Vondrasek sold 9,867 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $154.11, for a total value of $1,520,603.37. Following the completion of the sale, the insider now owns 5,100 shares in the company, valued at approximately $785,961. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,009,096 shares of company stock worth $314,659,958. 23.50% of the stock is currently owned by insiders.

Hyatt Hotels Company 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.