Landscape Capital Management L.L.C. Purchases 12,872 Shares of Hyatt Hotels Co. (NYSE:H)

Landscape Capital Management L.L.C. increased its position in shares of Hyatt Hotels Co. (NYSE:H) by 151.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 21,364 shares of the company’s stock after buying an additional 12,872 shares during the period. Landscape Capital Management L.L.C.’s holdings in Hyatt Hotels were worth $3,252,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LRI Investments LLC bought a new position in Hyatt Hotels during the first quarter worth $26,000. Summit Securities Group LLC bought a new position in Hyatt Hotels in the second quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Hyatt Hotels during the third quarter valued at approximately $30,000. Blue Trust Inc. lifted its holdings in shares of Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after purchasing an additional 213 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Hyatt Hotels by 1,107.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after purchasing an additional 310 shares in the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

Wall Street Analysts Forecast Growth

H has been the topic of several recent research reports. Bank of America raised their price target on shares of Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Susquehanna decreased their price target on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, August 14th. Evercore ISI raised their price objective on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Robert W. Baird upped their target price on shares of Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a research report on Wednesday, September 18th. They set a “neutral” rating and a $151.00 price target on the stock. Fifteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels has an average rating of “Hold” and an average target price of $151.57.

Hyatt Hotels Stock Up 1.1 %

H opened at $154.85 on Thursday. The company has a market cap of $14.87 billion, a PE ratio of 11.67 and a beta of 1.50. The company has a 50 day moving average of $152.45 and a 200 day moving average of $149.26. Hyatt Hotels Co. has a 12 month low of $112.85 and a 12 month high of $162.24. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the business earned $0.70 earnings per share. On average, sell-side analysts expect that Hyatt Hotels Co. will post 3.91 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.52%.

Insider Activity at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the transaction, the insider now owns 623,556 shares of the company’s stock, valued at $93,389,982.12. This represents a 7.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 23.50% of the stock is owned by corporate insiders.

About Hyatt Hotels

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.