EntryPoint Capital LLC Takes Position in Hyatt Hotels Co. (NYSE:H)

EntryPoint Capital LLC purchased a new position in Hyatt Hotels Co. (NYSE:H) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,940 shares of the company’s stock, valued at approximately $462,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bamco Inc. NY raised its holdings in Hyatt Hotels by 1.3% in the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after buying an additional 68,608 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Hyatt Hotels by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock worth $422,960,000 after acquiring an additional 46,413 shares during the last quarter. Wellington Management Group LLP boosted its stake in Hyatt Hotels by 3.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after purchasing an additional 56,082 shares during the last quarter. State Street Corp increased its holdings in shares of Hyatt Hotels by 0.4% in the 3rd quarter. State Street Corp now owns 1,441,148 shares of the company’s stock worth $219,343,000 after purchasing an additional 6,007 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Hyatt Hotels by 1.0% in the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after purchasing an additional 7,440 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. StockNews.com lowered shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Truist Financial dropped their price target on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Macquarie reduced their price objective on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Finally, Jefferies Financial Group raised their target price on Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $161.97.

Hyatt Hotels Stock Up 1.5 %

Shares of NYSE:H opened at $125.57 on Wednesday. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 10.09 and a beta of 1.51. Hyatt Hotels Co. has a 12 month low of $116.13 and a 12 month high of $168.20. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $144.28 and a 200 day moving average price of $150.73.

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

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.48%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.82%.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 10,000 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the sale, the insider now owns 9,337 shares of the company’s stock, valued at approximately $1,090,561.60. This trade represents a 51.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kinsey Wolf sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the transaction, the insider now directly owns 811 shares of the company’s stock, valued at approximately $99,712.45. The trade was a 55.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,600 shares of company stock worth $1,517,798 in the last ninety days. 23.50% of the stock is owned by company 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.