Capital Fund Management S.A. bought a new position in Hyatt Hotels Co. (NYSE:H) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,743 shares of the company’s stock, valued at approximately $202,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cerebellum GP LLC bought a new position in Hyatt Hotels in the 4th quarter worth approximately $132,000. Acadian Asset Management LLC boosted its stake in Hyatt Hotels by 134.7% in the 4th quarter. Acadian Asset Management LLC now owns 2,244 shares of the company’s stock worth $165,000 after purchasing an additional 1,288 shares during the period. Prudential Financial Inc. bought a new position in Hyatt Hotels in the 3rd quarter worth approximately $212,000. State of Alaska Department of Revenue bought a new position in Hyatt Hotels in the 4th quarter worth approximately $220,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Hyatt Hotels by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock worth $228,000 after purchasing an additional 272 shares during the period. 38.74% of the stock is owned by institutional investors.
In other news, insider Mark Samuel Hoplamazian sold 49,173 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the completion of the transaction, the insider now directly owns 300,655 shares in the company, valued at approximately $21,508,858.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.51% of the stock is currently owned by corporate insiders.
Hyatt Hotels Co. (NYSE:H) opened at $78.56 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $9,370.00, a P/E ratio of 26.63, a PEG ratio of 6.91 and a beta of 1.31. Hyatt Hotels Co. has a 52-week low of $50.21 and a 52-week high of $83.02.
Hyatt Hotels (NYSE:H) last posted its earnings results on Wednesday, February 14th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. Hyatt Hotels had a return on equity of 6.02% and a net margin of 5.31%. During the same period in the prior year, the company earned $0.29 EPS. sell-side analysts predict that Hyatt Hotels Co. will post 1.57 earnings per share for the current fiscal year.
Hyatt Hotels announced that its board has authorized a stock buyback plan on Thursday, December 14th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 22nd will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.76%.
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Hyatt Hotels Profile
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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