Mutual of America Capital Management LLC Buys Shares of 27,342 Hyatt Hotels Co. (NYSE:H)

Mutual of America Capital Management LLC acquired a new position in Hyatt Hotels Co. (NYSE:H) in the 4th quarter, Holdings Channel reports. The firm acquired 27,342 shares of the company’s stock, valued at approximately $3,566,000.

Other hedge funds also recently added to or reduced their stakes in the company. First Manhattan CO. LLC. purchased a new position in shares of Hyatt Hotels during the first quarter worth $25,000. Quarry LP purchased a new position in shares of Hyatt Hotels during the first quarter worth $26,000. Janiczek Wealth Management LLC boosted its position in shares of Hyatt Hotels by 597.5% during the third quarter. Janiczek Wealth Management LLC now owns 279 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. UniSuper Management Pty Ltd purchased a new position in shares of Hyatt Hotels during the second quarter worth $34,000. Finally, Money Concepts Capital Corp boosted its position in shares of Hyatt Hotels by 335.2% during the fourth quarter. Money Concepts Capital Corp now owns 383 shares of the company’s stock worth $35,000 after buying an additional 295 shares during the period. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on H. Jefferies Financial Group increased their price objective on Hyatt Hotels from $104.00 to $127.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. increased their price objective on Hyatt Hotels from $162.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Robert W. Baird increased their price objective on Hyatt Hotels from $116.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Royal Bank of Canada increased their price objective on Hyatt Hotels from $37.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Finally, Redburn Atlantic cut Hyatt Hotels from a “buy” rating to a “neutral” rating and increased their price objective for the company from $120.00 to $130.00 in a research note on Tuesday, January 16th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $140.53.

Hyatt Hotels Stock Down 0.6 %

H opened at $148.81 on Thursday. The business’s 50-day simple moving average is $150.66 and its 200-day simple moving average is $129.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.60. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $161.50. The stock has a market capitalization of $15.05 billion, a P/E ratio of 72.94, a price-to-earnings-growth ratio of 21.69 and a beta of 1.49.

Hyatt Hotels (NYSE:H) last posted its earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the firm earned $2.55 earnings per share. Analysts anticipate that Hyatt Hotels Co. will post 3.24 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Tuesday, February 27th. Hyatt Hotels’s dividend payout ratio is currently 29.41%.

Insider Buying and Selling

In related news, insider Traubert Foundation Pritzker sold 704,229 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $157.97, for a total transaction of $111,247,055.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Hyatt Hotels news, insider Traubert Foundation Pritzker sold 704,229 shares of Hyatt Hotels stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total value of $111,247,055.13. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark Samuel Hoplamazian sold 75,457 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total value of $11,957,670.79. Following the completion of the sale, the insider now directly owns 459,000 shares in the company, valued at approximately $72,737,730. The disclosure for this sale can be found here. Insiders have sold a total of 2,077,803 shares of company stock valued at $325,526,849 over the last quarter. 21.24% of the stock is currently owned by 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.