45,053 Shares in Hyatt Hotels Co. (NYSE:H) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Hyatt Hotels Co. (NYSE:H) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 45,053 shares of the company’s stock, valued at approximately $7,072,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Flynn Zito Capital Management LLC boosted its stake in Hyatt Hotels by 10.5% in the 4th quarter. Flynn Zito Capital Management LLC now owns 1,691 shares of the company’s stock valued at $265,000 after buying an additional 161 shares in the last quarter. Lingotto Investment Management LLP lifted its holdings in shares of Hyatt Hotels by 10.5% during the fourth quarter. Lingotto Investment Management LLP now owns 35,221 shares of the company’s stock valued at $5,529,000 after acquiring an additional 3,355 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Hyatt Hotels by 86.3% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 3,022 shares of the company’s stock valued at $474,000 after purchasing an additional 1,400 shares in the last quarter. ING Groep NV grew its holdings in shares of Hyatt Hotels by 233.3% in the 4th quarter. ING Groep NV now owns 64,000 shares of the company’s stock worth $10,047,000 after purchasing an additional 44,800 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Hyatt Hotels by 15.4% during the 4th quarter. Handelsbanken Fonder AB now owns 409,600 shares of the company’s stock worth $64,299,000 after purchasing an additional 54,700 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Trading Down 0.7 %

Shares of NYSE H opened at $139.96 on Tuesday. Hyatt Hotels Co. has a fifty-two week low of $128.91 and a fifty-two week high of $168.20. The firm has a market capitalization of $13.46 billion, a P/E ratio of 11.25 and a beta of 1.48. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The company’s 50 day simple moving average is $153.17 and its 200 day simple moving average is $152.91.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company earned $0.64 EPS. On average, analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.43%. Hyatt Hotels’s payout ratio is currently 4.82%.

Analysts Set New Price Targets

H has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Stifel Nicolaus raised their price target on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a report on Tuesday, November 26th. Jefferies Financial Group lifted their price objective on Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Susquehanna increased their target price on Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Finally, Macquarie cut their price target on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $162.55.

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.