Strs Ohio Trims Stock Holdings in Hyatt Hotels Corporation $H

Strs Ohio lessened its position in shares of Hyatt Hotels Corporation (NYSE:H) by 90.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 962 shares of the company’s stock after selling 8,819 shares during the quarter. Strs Ohio’s holdings in Hyatt Hotels were worth $137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New England Research & Management Inc. boosted its holdings in shares of Hyatt Hotels by 0.3% in the 3rd quarter. New England Research & Management Inc. now owns 23,351 shares of the company’s stock valued at $3,314,000 after acquiring an additional 80 shares during the last quarter. Atria Investments Inc lifted its position in Hyatt Hotels by 4.1% during the second quarter. Atria Investments Inc now owns 2,063 shares of the company’s stock valued at $288,000 after purchasing an additional 81 shares during the period. CW Advisors LLC boosted its holdings in Hyatt Hotels by 4.1% in the second quarter. CW Advisors LLC now owns 2,362 shares of the company’s stock valued at $330,000 after purchasing an additional 93 shares during the last quarter. MAI Capital Management grew its position in Hyatt Hotels by 53.4% during the 2nd quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after purchasing an additional 94 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Hyatt Hotels by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 39,914 shares of the company’s stock valued at $5,574,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Trading Up 0.9%

Shares of Hyatt Hotels stock opened at $156.28 on Wednesday. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $174.58. The firm’s 50-day moving average price is $162.74 and its 200 day moving average price is $151.16. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $14.84 billion, a PE ratio of -168.04, a P/E/G ratio of 1.92 and a beta of 1.27.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, November 6th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. Hyatt Hotels’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 EPS. On average, sell-side analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, November 24th. Hyatt Hotels’s payout ratio is -64.52%.

Analyst Ratings Changes

A number of brokerages have recently commented on H. Truist Financial upped their target price on Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Mizuho raised their price objective on shares of Hyatt Hotels from $203.00 to $223.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. boosted their target price on shares of Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a research note on Tuesday. Barclays lowered their price target on shares of Hyatt Hotels from $200.00 to $198.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. Finally, Wells Fargo & Company began coverage on shares of Hyatt Hotels in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $154.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels has an average rating of “Moderate Buy” and an average target price of $172.13.

Insider Transactions at Hyatt Hotels

In other news, insider Javier Aguila sold 9,548 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total value of $1,583,726.76. Following the completion of the sale, the insider directly owned 2,684 shares in the company, valued at $445,195.08. This represents a 78.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Sears sold 12,394 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the sale, the insider directly owned 5,594 shares of the company’s stock, valued at approximately $869,922.94. This represents a 68.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,383 shares of company stock valued at $5,321,682 over the last 90 days. 23.70% of the stock is currently owned by corporate insiders.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.