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

Proficio Capital Partners LLC acquired a new position in Hyatt Hotels Co. (NYSE:H - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 45,053 shares of the company's stock, valued at approximately $7,072,000.

A number of other large investors also recently modified their holdings of the company. Bamco Inc. NY grew its stake in Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company's stock valued at $834,574,000 after purchasing an additional 68,608 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Hyatt Hotels by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company's stock worth $422,960,000 after purchasing an additional 46,413 shares during the period. Wellington Management Group LLP boosted its holdings in Hyatt Hotels by 3.3% in the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company's stock worth $267,192,000 after purchasing an additional 56,082 shares during the period. State Street Corp boosted its holdings in Hyatt Hotels by 0.4% in the third 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 during the period. Finally, Geode Capital Management LLC lifted its stake in Hyatt Hotels by 1.0% in the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company's stock valued at $114,214,000 after buying an additional 7,440 shares during the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the sale, the director now owns 37,927 shares in the company, valued at approximately $5,377,290.06. The trade was a 4.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 23.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on H. JPMorgan Chase & Co. lifted their price objective on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their price objective on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Mizuho cut their price objective on shares of Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating on the stock in a research note on Friday, February 14th. Barclays dropped their price target on shares of Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Finally, Macquarie dropped their price target on shares of Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $163.13.

Hyatt Hotels Stock Performance

H traded up $1.86 during trading on Wednesday, hitting $139.11. The stock had a trading volume of 261,967 shares, compared to its average volume of 689,223. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a 12 month low of $128.91 and a 12 month high of $168.20. The company has a 50 day simple moving average of $152.75 and a 200-day simple moving average of $152.87. The firm has a market cap of $13.38 billion, a PE ratio of 11.17 and a beta of 1.48.

Hyatt Hotels (NYSE:H - Get Free Report) last issued 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 the consensus estimate of $1.63 billion. During the same period last year, the company earned $0.64 earnings per share. Analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, February 28th. Hyatt Hotels's dividend payout ratio (DPR) is currently 4.82%.

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.