Hyatt Hotels Co. (NYSE:H) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its stake in Hyatt Hotels Co. (NYSE:H) by 35.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 7,244 shares of the company’s stock after selling 4,042 shares during the quarter. New York State Teachers Retirement System’s holdings in Hyatt Hotels were worth $1,156,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of Hyatt Hotels by 30.9% in the 3rd quarter. Victory Capital Management Inc. now owns 22,177 shares of the company’s stock worth $2,353,000 after acquiring an additional 5,231 shares during the period. Amalgamated Bank boosted its stake in Hyatt Hotels by 52.6% during the third quarter. Amalgamated Bank now owns 10,816 shares of the company’s stock worth $1,147,000 after buying an additional 3,728 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Hyatt Hotels during the third quarter valued at $83,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hyatt Hotels by 25.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 524,383 shares of the company’s stock valued at $55,627,000 after acquiring an additional 105,816 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Hyatt Hotels by 9.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,655 shares of the company’s stock valued at $282,000 after acquiring an additional 221 shares during the period. 71.02% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Price Performance

NYSE:H traded down $0.11 during trading hours on Tuesday, hitting $145.95. The company’s stock had a trading volume of 595,500 shares, compared to its average volume of 629,232. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $14.77 billion, a P/E ratio of 22.65 and a beta of 1.49. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $161.50. The stock has a fifty day simple moving average of $150.09 and a 200-day simple moving average of $141.15.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. During the same quarter last year, the business earned $0.41 earnings per share. On average, analysts anticipate that Hyatt Hotels Co. will post 3.34 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. Hyatt Hotels’s payout ratio is 9.32%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Margaret C. Egan sold 1,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $157.78, for a total transaction of $157,780.00. Following the sale, the insider now owns 20,546 shares of the company’s stock, valued at approximately $3,241,747.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Joan Bottarini sold 305 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $148.00, for a total transaction of $45,140.00. Following the transaction, the insider now directly owns 15,799 shares in the company, valued at approximately $2,338,252. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Margaret C. Egan sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $157.78, for a total value of $157,780.00. Following the transaction, the insider now owns 20,546 shares in the company, valued at $3,241,747.88. The disclosure for this sale can be found here. Insiders sold 1,999,229 shares of company stock worth $313,139,355 in the last quarter. 23.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

H has been the subject of several recent research reports. Stifel Nicolaus boosted 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. Barclays boosted their target price on Hyatt Hotels from $153.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. TD Cowen boosted their price objective on Hyatt Hotels from $95.00 to $160.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. boosted their price objective on Hyatt Hotels from $162.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, Wells Fargo & Company upped their price target on Hyatt Hotels from $138.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels has an average rating of “Hold” and an average price target of $148.31.

Hyatt Hotels 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.