Nisa Investment Advisors LLC Sells 530 Shares of Hyatt Hotels Corporation (NYSE:H)

Nisa Investment Advisors LLC decreased its stake in Hyatt Hotels Corporation (NYSE:H) by 51.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510 shares of the company’s stock after selling 530 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hyatt Hotels were worth $62,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of H. IFM Investors Pty Ltd grew its stake in Hyatt Hotels by 4.4% during the first quarter. IFM Investors Pty Ltd now owns 10,569 shares of the company’s stock worth $1,295,000 after buying an additional 448 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Hyatt Hotels by 16.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company’s stock valued at $384,132,000 after purchasing an additional 441,417 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Hyatt Hotels in the first quarter worth $760,000. U S Global Investors Inc. bought a new stake in shares of Hyatt Hotels during the first quarter worth $490,000. Finally, Bessemer Group Inc. grew its holdings in Hyatt Hotels by 17.7% during the 1st quarter. Bessemer Group Inc. now owns 2,279 shares of the company’s stock worth $279,000 after acquiring an additional 343 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the company’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $7,083,672.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total value of $216,000.00. Following the transaction, the director owned 37,825 shares in the company, valued at $5,106,375. The trade was a 4.06% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 371,111 shares of company stock worth $49,273,516. 23.70% of the stock is currently owned by corporate insiders.

Hyatt Hotels Price Performance

NYSE:H opened at $147.86 on Friday. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.20. The company has a market cap of $14.11 billion, a P/E ratio of 19.20, a P/E/G ratio of 4.87 and a beta of 1.42. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50-day simple moving average is $137.25 and its 200 day simple moving average is $135.48.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.16. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. During the same period last year, the business earned $0.71 earnings per share. As a group, sell-side analysts forecast that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Thursday, May 29th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Thursday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 7.79%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays increased their price objective on Hyatt Hotels from $122.00 to $127.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Evercore ISI lowered their price objective on Hyatt Hotels from $175.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Melius Research upgraded shares of Hyatt Hotels to a “strong-buy” rating in a research report on Monday, April 21st. Truist Financial lowered their price target on shares of Hyatt Hotels from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Finally, Jefferies Financial Group cut their price objective on shares of Hyatt Hotels from $161.00 to $120.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Moderate Buy” and an average target price of $150.63.

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.