Hyatt Hotels Co. (NYSE:H) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its position in shares of Hyatt Hotels Co. (NYSE:H) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,450 shares of the company’s stock after selling 400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Hyatt Hotels were worth $2,047,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in Hyatt Hotels by 333.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock worth $39,440,000 after purchasing an additional 199,773 shares in the last quarter. Interval Partners LP grew its stake in Hyatt Hotels by 314.1% during the second quarter. Interval Partners LP now owns 240,327 shares of the company’s stock worth $36,510,000 after buying an additional 182,297 shares during the period. Principal Financial Group Inc. raised its stake in shares of Hyatt Hotels by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after acquiring an additional 162,562 shares during the period. Icon Wealth Advisors LLC lifted its holdings in shares of Hyatt Hotels by 17,641.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after acquiring an additional 130,724 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Hyatt Hotels by 700.5% in the 2nd quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock valued at $18,648,000 after purchasing an additional 107,412 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $159.98 on Tuesday. The firm’s 50 day moving average is $155.15 and its two-hundred day moving average is $150.50. The firm has a market capitalization of $15.36 billion, a P/E ratio of 12.06 and a beta of 1.50. 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 Co. has a 52 week low of $124.40 and a 52 week high of $168.20.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the previous year, the company earned $0.70 earnings per share. Analysts anticipate that Hyatt Hotels Co. will post 3.89 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. HSBC lowered Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a research note on Friday, November 1st. Wells Fargo & Company dropped their price objective on shares of Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Sanford C. Bernstein decreased their target price on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Bank of America upped their price objective 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. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $152.88.

Insider Transactions at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels 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.