Retirement Systems of Alabama Makes New $7.22 Million Investment in Hyatt Hotels Co. (NYSE:H)

Retirement Systems of Alabama acquired a new stake in Hyatt Hotels Co. (NYSE:H) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 55,384 shares of the company’s stock, valued at approximately $7,223,000.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new position in Hyatt Hotels in the fourth quarter valued at approximately $59,000. Banque Cantonale Vaudoise acquired a new position in shares of Hyatt Hotels in the 3rd quarter valued at $83,000. SG Americas Securities LLC purchased a new position in shares of Hyatt Hotels in the 3rd quarter valued at $157,000. Gilbert & Cook Inc. raised its stake in Hyatt Hotels by 10.6% during the 3rd quarter. Gilbert & Cook Inc. now owns 1,934 shares of the company’s stock worth $205,000 after acquiring an additional 185 shares in the last quarter. Finally, HMS Capital Management LLC purchased a new stake in Hyatt Hotels in the fourth quarter valued at $217,000. 71.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on H. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Royal Bank of Canada boosted 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. Robert W. Baird raised their target price on shares of Hyatt Hotels from $116.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Redburn Atlantic downgraded shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and upped their price target for the company from $120.00 to $130.00 in a research report on Tuesday, January 16th. Finally, Truist Financial raised their price objective on shares of Hyatt Hotels from $143.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $141.88.

Insider Activity

In other Hyatt Hotels news, insider Margaret C. Egan sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $157.78, for a total transaction of $157,780.00. Following the sale, the insider now directly owns 20,546 shares of the company’s stock, valued at approximately $3,241,747.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total value of $200,096,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Margaret C. Egan sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $157.78, for a total value of $157,780.00. Following the completion of the sale, the insider now directly owns 20,546 shares in the company, valued at $3,241,747.88. The disclosure for this sale can be found here. Insiders have sold 2,084,248 shares of company stock worth $326,572,489 over the last three months. 23.50% of the stock is currently owned by corporate insiders.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $150.50 on Friday. The firm has a market capitalization of $15.23 billion, a PE ratio of 73.77, a P/E/G ratio of 21.47 and a beta of 1.49. Hyatt Hotels Co. has a 52 week low of $96.77 and a 52 week high of $161.50. The firm’s 50-day simple moving average is $154.57 and its 200 day simple moving average is $133.22. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm earned $2.55 earnings per share. On average, equities research analysts predict that Hyatt Hotels Co. will post 3.24 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

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

Hyatt Hotels Company 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.