New York State Teachers Retirement System Makes New $1.47 Million Investment in Hyatt Hotels Co. (NYSE:H)

New York State Teachers Retirement System bought a new position in shares of Hyatt Hotels Co. (NYSE:H) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,286 shares of the company’s stock, valued at approximately $1,472,000.

Other institutional investors have also recently made changes to their positions in the company. First Manhattan CO. LLC. purchased a new stake in Hyatt Hotels in the first quarter worth about $25,000. Quarry LP bought a new stake in Hyatt Hotels in the first quarter worth $26,000. Janiczek Wealth Management LLC grew its stake in shares of Hyatt Hotels by 597.5% in the third quarter. Janiczek Wealth Management LLC now owns 279 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Hyatt Hotels during the second quarter valued at $34,000. Finally, Money Concepts Capital Corp raised its position in shares of Hyatt Hotels by 335.2% in the 4th quarter. Money Concepts Capital Corp now owns 383 shares of the company’s stock worth $35,000 after purchasing an additional 295 shares during the last quarter. Institutional investors own 71.02% of the company’s stock.

Wall Street Analysts Forecast Growth

H has been the subject of a number of analyst reports. Royal Bank of Canada raised their price objective on shares of Hyatt Hotels from $37.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Evercore ISI reiterated an “in-line” rating and set a $135.00 target price on shares of Hyatt Hotels in a research note on Monday, February 5th. TD Cowen boosted their price target on Hyatt Hotels from $95.00 to $160.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Barclays increased their price objective on Hyatt Hotels from $119.00 to $128.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Finally, Truist Financial upped their target price on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. 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, the company has an average rating of “Hold” and an average target price of $140.53.

Hyatt Hotels Trading Down 0.6 %

NYSE:H opened at $148.81 on Thursday. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 72.94, a price-to-earnings-growth ratio of 21.69 and a beta of 1.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59. The business has a fifty day moving average price of $150.66 and a 200-day moving average price of $129.72. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $161.50.

Hyatt Hotels (NYSE:H) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the business posted $2.55 earnings per share. Sell-side analysts forecast that Hyatt Hotels Co. will post 3.24 EPS for the current year.

Hyatt Hotels Dividend Announcement

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

Insiders Place Their Bets

In other Hyatt Hotels news, insider Traubert Foundation Pritzker sold 704,229 shares of the stock in a transaction 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 Securities & Exchange Commission, which is available at this hyperlink. In other Hyatt Hotels news, insider Traubert Foundation Pritzker sold 704,229 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $157.97, for a total transaction of $111,247,055.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total transaction of $200,096,680.00. The disclosure for this sale can be found here. Insiders sold a total of 2,077,803 shares of company stock worth $325,526,849 over the last three months. 21.24% of the stock is currently owned by company insiders.

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.