Teachers Retirement System of The State of Kentucky lessened its holdings in Hyatt Hotels Corporation (NYSE:H – Free Report) by 11.5% during the first quarter, HoldingsChannel reports. The firm owned 22,536 shares of the company’s stock after selling 2,926 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Hyatt Hotels were worth $3,241,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of Hyatt Hotels by 48.0% during the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after buying an additional 1,516,554 shares in the last quarter. Veritas Asset Management LLP boosted its stake in Hyatt Hotels by 827.9% in the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after buying an additional 1,695,616 shares in the last quarter. Bank of Nova Scotia grew its position in Hyatt Hotels by 2.8% in the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock valued at $257,352,000 after acquiring an additional 43,733 shares during the last quarter. Bank of America Corp DE grew its position in Hyatt Hotels by 15.8% in the third quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after acquiring an additional 193,530 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Hyatt Hotels by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 751,607 shares of the company’s stock worth $120,153,000 after acquiring an additional 6,849 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on H shares. Sanford C. Bernstein increased their target price on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Barclays upped their price objective on shares of Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Truist Financial increased their price objective on shares of Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. boosted their target price on shares of Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, Stifel Nicolaus set a $182.00 price target on shares of Hyatt Hotels in a report on Friday, May 29th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus price target of $194.36.
Insider Activity
In other Hyatt Hotels news, insider David Udell sold 2,087 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total value of $392,356.00. Following the completion of the transaction, the insider directly owned 16,638 shares in the company, valued at approximately $3,127,944. This represents a 11.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan D. Kronick sold 1,119 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total transaction of $195,276.69. Following the transaction, the director directly owned 31,225 shares of the company’s stock, valued at $5,449,074.75. The trade was a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 236,658 shares of company stock worth $39,977,159. Company insiders own 23.60% of the company’s stock.
Hyatt Hotels Stock Performance
Shares of H stock opened at $189.70 on Wednesday. The firm has a market capitalization of $17.86 billion, a price-to-earnings ratio of -542.00 and a beta of 1.32. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average price is $186.03 and its 200-day moving average price is $168.72. Hyatt Hotels Corporation has a 12 month low of $133.51 and a 12 month high of $206.86.
Hyatt Hotels (NYSE:H – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same quarter in the prior year, the firm posted $0.46 earnings per share. Equities research analysts forecast that Hyatt Hotels Corporation will post 3.58 EPS for the current year.
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.
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