Hyatt Hotels Co. (NYSE:H) is Long Pond Capital LP’s 6th Largest Position

Long Pond Capital LP boosted its position in Hyatt Hotels Co. (NYSE:H) by 215.6% in the 1st quarter, HoldingsChannel reports. The firm owned 2,486,840 shares of the company’s stock after buying an additional 1,698,840 shares during the period. Hyatt Hotels accounts for about 6.3% of Long Pond Capital LP’s holdings, making the stock its 6th largest holding. Long Pond Capital LP’s holdings in Hyatt Hotels were worth $180,470,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC bought a new position in shares of Hyatt Hotels in the first quarter valued at approximately $28,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in Hyatt Hotels in the 1st quarter valued at $43,000. NumerixS Investment Technologies Inc bought a new stake in Hyatt Hotels during the 4th quarter worth about $61,000. Advisors Asset Management Inc. acquired a new position in shares of Hyatt Hotels during the 4th quarter worth about $65,000. Finally, Marshall Wace North America L.P. acquired a new position in Hyatt Hotels in the 1st quarter valued at about $98,000. 36.92% of the stock is owned by institutional investors.

NYSE:H traded down $0.32 during trading hours on Friday, reaching $74.57. The company had a trading volume of 2,173 shares, compared to its average volume of 435,056. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 8.99 and a beta of 1.07. Hyatt Hotels Co. has a twelve month low of $63.45 and a twelve month high of $83.98.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.24. Hyatt Hotels had a net margin of 9.18% and a return on equity of 6.37%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the firm earned $0.33 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts predict that Hyatt Hotels Co. will post 1.49 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 29th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Tuesday, May 28th. Hyatt Hotels’s dividend payout ratio (DPR) is 38.38%.

In related news, insider H. Charles Floyd sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $76.48, for a total transaction of $382,400.00. Following the transaction, the insider now directly owns 52,975 shares of the company’s stock, valued at $4,051,528. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Udell sold 3,662 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $78.00, for a total transaction of $285,636.00. Following the transaction, the insider now directly owns 4,337 shares in the company, valued at $338,286. The disclosure for this sale can be found here. Insiders sold 10,596 shares of company stock worth $818,250 over the last ninety days. Insiders own 24.70% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Co cut shares of Hyatt Hotels from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 2nd. Robert W. Baird set a $89.00 price objective on shares of Hyatt Hotels and gave the stock a “buy” rating in a research report on Friday, February 15th. ValuEngine upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. SunTrust Banks increased their price objective on shares of Hyatt Hotels from $78.00 to $82.00 and gave the stock a “hold” rating in a research report on Tuesday, February 19th. Finally, Zacks Investment Research upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Thirteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Hyatt Hotels presently has a consensus rating of “Hold” and an average target price of $79.25.

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About Hyatt Hotels

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

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Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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