Public Employees Retirement System of Ohio Has $1.78 Million Stake in Hyatt Hotels Corporation $H

Public Employees Retirement System of Ohio trimmed its holdings in Hyatt Hotels Corporation (NYSE:H) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,774 shares of the company’s stock after selling 164 shares during the period. Public Employees Retirement System of Ohio’s holdings in Hyatt Hotels were worth $1,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fifth Third Bancorp raised its position in shares of Hyatt Hotels by 33.2% in the second quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock valued at $54,000 after buying an additional 96 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Hyatt Hotels by 5.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company’s stock valued at $256,000 after acquiring an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Hyatt Hotels by 86.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after acquiring an additional 111 shares during the last quarter. Resona Asset Management Co. Ltd. increased its stake in Hyatt Hotels by 0.9% in the first quarter. Resona Asset Management Co. Ltd. now owns 12,969 shares of the company’s stock valued at $1,587,000 after acquiring an additional 121 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Hyatt Hotels by 3.5% in the first quarter. Advisors Asset Management Inc. now owns 4,523 shares of the company’s stock valued at $554,000 after acquiring an additional 154 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 David Udell sold 4,051 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total transaction of $587,395.00. Following the sale, the insider directly owned 16,756 shares in the company, valued at approximately $2,429,620. This represents a 19.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 23.70% of the company’s stock.

Hyatt Hotels Stock Up 1.0%

Hyatt Hotels stock opened at $146.80 on Friday. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20. The firm has a 50 day moving average price of $142.01 and a 200-day moving average price of $133.45. The company has a market capitalization of $14.02 billion, a P/E ratio of 34.87, a P/E/G ratio of 2.29 and a beta of 1.41. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. During the same period in the prior year, the company posted $1.53 EPS. As a group, equities analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Hyatt Hotels’s dividend payout ratio is presently 14.25%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial lifted their price objective on shares of Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Hyatt Hotels in a research note on Saturday, September 27th. Wall Street Zen cut shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Monday, July 14th. Finally, Citigroup raised shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $138.00 to $167.00 in a research note on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $152.68.

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.