Quantbot Technologies LP Invests $2.10 Million in Hyatt Hotels Co. (NYSE:H)

Quantbot Technologies LP bought a new position in Hyatt Hotels Co. (NYSE:H) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,140 shares of the company’s stock, valued at approximately $2,097,000.

Several other hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $1,472,000. BNP Paribas Financial Markets lifted its stake in shares of Hyatt Hotels by 165.7% in the first quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock valued at $8,601,000 after purchasing an additional 33,603 shares during the period. Whittier Trust Co. lifted its stake in shares of Hyatt Hotels by 2.6% in the fourth quarter. Whittier Trust Co. now owns 49,812 shares of the company’s stock valued at $6,496,000 after purchasing an additional 1,260 shares during the period. Retirement Systems of Alabama lifted its stake in shares of Hyatt Hotels by 0.3% in the first quarter. Retirement Systems of Alabama now owns 55,530 shares of the company’s stock valued at $8,864,000 after purchasing an additional 146 shares during the period. Finally, State of Michigan Retirement System acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $1,382,000. Institutional investors and hedge funds own 71.02% of the company’s stock.

Insider Transactions at Hyatt Hotels

In other news, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $149.52, for a total transaction of $177,779.28. Following the completion of the transaction, the director now owns 20,219 shares in the company, valued at $3,023,144.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Joan Bottarini sold 10,695 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the sale, the insider now owns 16,104 shares of the company’s stock, valued at $2,398,207.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $149.52, for a total transaction of $177,779.28. Following the completion of the sale, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,189 shares of company stock worth $1,815,619. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Up 1.4 %

Shares of NYSE:H traded up $2.21 during midday trading on Friday, reaching $154.92. The company had a trading volume of 372,952 shares, compared to its average volume of 604,454. 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 stock’s fifty day moving average price is $148.91 and its 200-day moving average price is $145.29. The stock has a market capitalization of $15.67 billion, a P/E ratio of 24.06 and a beta of 1.51. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $161.50.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm earned $0.41 EPS. Equities research analysts expect that Hyatt Hotels Co. will post 3.48 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

Analysts Set New Price Targets

Several research firms have weighed in on H. StockNews.com downgraded shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Wednesday, July 3rd. TD Cowen raised their target price on shares of Hyatt Hotels from $95.00 to $160.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Barclays raised their target price on shares of Hyatt Hotels from $153.00 to $159.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Mizuho lifted their price target on shares of Hyatt Hotels from $195.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Finally, Sanford C. Bernstein raised their target price on shares of Hyatt Hotels from $184.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and a consensus target price of $150.69.

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.