New York Life Investment Management LLC Grows Stake in Hyatt Hotels Co. (NYSE:H)

New York Life Investment Management LLC boosted its position in Hyatt Hotels Co. (NYSE:H) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,189 shares of the company’s stock after purchasing an additional 134 shares during the period. New York Life Investment Management LLC’s holdings in Hyatt Hotels were worth $1,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Procyon Advisors LLC boosted its holdings in Hyatt Hotels by 3.8% in the 4th quarter. Procyon Advisors LLC now owns 2,627 shares of the company’s stock worth $343,000 after buying an additional 96 shares during the period. Red Spruce Capital LLC grew its holdings in Hyatt Hotels by 1.0% during the 4th quarter. Red Spruce Capital LLC now owns 13,912 shares of the company’s stock valued at $1,814,000 after buying an additional 136 shares in the last quarter. Gilbert & Cook Inc. raised its position in shares of Hyatt Hotels by 10.6% during the third quarter. Gilbert & Cook Inc. now owns 1,934 shares of the company’s stock valued at $205,000 after buying an additional 185 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Hyatt Hotels by 9.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,655 shares of the company’s stock worth $282,000 after buying an additional 221 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Hyatt Hotels by 6.1% during the third quarter. Advisors Asset Management Inc. now owns 4,432 shares of the company’s stock worth $470,000 after acquiring an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Joan Bottarini sold 10,695 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the sale, the insider now directly owns 16,104 shares of the company’s stock, valued at approximately $2,398,207.68. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Margaret C. Egan sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $157.78, for a total transaction of $157,780.00. Following the transaction, the insider now owns 20,546 shares in the company, valued at $3,241,747.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joan Bottarini sold 10,695 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the completion of the sale, the insider now directly owns 16,104 shares of the company’s stock, valued at $2,398,207.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,084,248 shares of company stock worth $326,572,489. 23.50% of the stock is currently owned by insiders.

Hyatt Hotels Price Performance

H stock opened at $150.41 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. Hyatt Hotels Co. has a 12 month low of $96.77 and a 12 month high of $161.50. The stock has a market cap of $15.22 billion, a PE ratio of 73.73, a P/E/G ratio of 21.47 and a beta of 1.49. The company has a 50-day moving average price of $154.56 and a 200 day moving average price of $134.29.

Hyatt Hotels (NYSE:H) last released its earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, beating 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 firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the firm posted $2.55 earnings per share. Equities research analysts anticipate that Hyatt Hotels Co. will post 3.24 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on H. Truist Financial lifted their price target on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Mizuho cut their price target on Hyatt Hotels from $197.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Stifel Nicolaus upped their price objective on Hyatt Hotels from $146.00 to $154.00 and gave the stock a “hold” rating in a report on Thursday, April 11th. Evercore ISI reissued an “in-line” rating and issued a $135.00 target price on shares of Hyatt Hotels in a report on Monday, February 5th. Finally, StockNews.com raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Monday. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $143.19.

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.