Utah Retirement Systems Makes New Investment in Hyatt Hotels Co. (NYSE:H)

Utah Retirement Systems purchased a new position in shares of Hyatt Hotels Co. (NYSE:H – Get Rating) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,700 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Hyatt Hotels by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,469,443 shares of the company’s stock worth $361,847,000 after buying an additional 37,317 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Hyatt Hotels by 0.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,998,585 shares of the company’s stock worth $242,765,000 after buying an additional 8,271 shares in the last quarter. Southeastern Asset Management Inc. TN boosted its holdings in shares of Hyatt Hotels by 18.7% during the 2nd quarter. Southeastern Asset Management Inc. TN now owns 2,894,024 shares of the company’s stock worth $213,898,000 after buying an additional 454,939 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Hyatt Hotels by 2.1% in the 1st quarter. Wellington Management Group LLP now owns 2,026,100 shares of the company’s stock worth $193,391,000 after purchasing an additional 41,987 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Hyatt Hotels by 0.4% in the 3rd quarter. BlackRock Inc. now owns 1,884,360 shares of the company’s stock worth $152,558,000 after purchasing an additional 6,644 shares in the last quarter. 46.89% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Cary D. Mcmillan sold 1,790 shares of Hyatt Hotels stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $113.93, for a total value of $203,934.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Cary D. Mcmillan sold 1,790 shares of Hyatt Hotels stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $113.93, for a total value of $203,934.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider H. Charles Floyd sold 33,067 shares of Hyatt Hotels stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $112.51, for a total value of $3,720,368.17. Following the completion of the sale, the insider now directly owns 31,242 shares of the company’s stock, valued at approximately $3,515,037.42. The disclosure for this sale can be found here. Insiders sold a total of 55,860 shares of company stock valued at $6,367,941 in the last ninety days. 21.24% of the stock is currently owned by insiders.

Hyatt Hotels Trading Down 2.6 %

Shares of Hyatt Hotels stock opened at $107.78 on Tuesday. Hyatt Hotels Co. has a 1 year low of $70.12 and a 1 year high of $125.07. The firm has a market cap of $11.45 billion, a PE ratio of 26.16 and a beta of 1.37. The stock has a fifty day moving average price of $109.61 and a 200-day moving average price of $97.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.68 and a quick ratio of 0.68.

Hyatt Hotels (NYSE:H – Get Rating) last announced its earnings results on Thursday, February 16th. The company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $2.23. Hyatt Hotels had a return on equity of 10.22% and a net margin of 7.72%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the firm posted ($2.78) EPS. The business’s revenue was up 47.6% compared to the same quarter last year. Equities research analysts anticipate that Hyatt Hotels Co. will post 2.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Truist Financial increased their target price on Hyatt Hotels from $132.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, February 21st. Robert W. Baird increased their target price on Hyatt Hotels from $112.00 to $124.00 in a report on Tuesday, March 7th. Redburn Partners began coverage on Hyatt Hotels in a report on Wednesday, November 30th. They issued a “buy” rating on the stock. StockNews.com cut Hyatt Hotels from a “buy” rating to a “hold” rating in a research note on Wednesday, March 8th. Finally, Morgan Stanley raised their price objective on Hyatt Hotels from $138.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, March 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.57.

Hyatt Hotels Company Profile

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Hyatt Hotels Corp. engages in the development and management of resort and hotel chains. It operates through the following segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group. The Owned and Leased Hotels segment offers hospitality services and hotels.