Cerity Partners LLC Has $704,000 Stock Position in Hyatt Hotels Corporation (NYSE:H)

Cerity Partners LLC reduced its holdings in Hyatt Hotels Corporation (NYSE:H) by 2.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,743 shares of the company’s stock after selling 165 shares during the quarter. Cerity Partners LLC’s holdings in Hyatt Hotels were worth $704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in Hyatt Hotels in the 4th quarter valued at approximately $26,000. UMB Bank n.a. raised its stake in Hyatt Hotels by 138.8% during the first quarter. UMB Bank n.a. now owns 499 shares of the company’s stock worth $61,000 after buying an additional 290 shares during the last quarter. Allstate Corp bought a new position in Hyatt Hotels during the fourth quarter worth $221,000. Aster Capital Management DIFC Ltd raised its stake in Hyatt Hotels by 120.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,518 shares of the company’s stock worth $238,000 after buying an additional 829 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its stake in Hyatt Hotels by 20.6% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 1,849 shares of the company’s stock worth $290,000 after buying an additional 316 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hyatt Hotels

In related news, insider Jnp Parachute Mirror Trust K sold 44,466 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total transaction of $5,902,861.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jnp 2010-Pg Trust sold 266,793 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total transaction of $35,416,770.75. The disclosure for this sale can be found here. Insiders sold 371,111 shares of company stock valued at $49,273,516 over the last three months. Insiders own 23.70% of the company’s stock.

Hyatt Hotels Stock Down 1.3%

Hyatt Hotels stock opened at $145.45 on Friday. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.20. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 2.71 and a beta of 1.42. The firm’s fifty day moving average price is $138.19 and its two-hundred day moving average price is $135.25. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.16. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm earned $0.71 earnings per share. On average, equities research analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

Analyst Upgrades and Downgrades

H has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Hyatt Hotels from $156.75 to $132.00 and set a “hold” rating for the company in a research note on Wednesday, April 16th. Barclays lifted their target price on shares of Hyatt Hotels from $122.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Robert W. Baird lifted their target price on shares of Hyatt Hotels from $146.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 1st. Morgan Stanley lowered their target price on shares of Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, Evercore ISI lowered their target price on shares of Hyatt Hotels from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $150.63.

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.