Hyatt Hotels Co. (NYSE:H) Shares Bought by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury grew its stake in Hyatt Hotels Co. (NYSE:H) by 6.0% in the fourth quarter, Holdings Channel reports. The fund owned 17,604 shares of the company’s stock after purchasing an additional 1,004 shares during the period. State of Tennessee Department of Treasury’s holdings in Hyatt Hotels were worth $2,763,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Townsquare Capital LLC raised its position in Hyatt Hotels by 3.4% in the fourth quarter. Townsquare Capital LLC now owns 2,801 shares of the company’s stock valued at $440,000 after purchasing an additional 92 shares during the period. Kensington Investment Counsel LLC increased its position in shares of Hyatt Hotels by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company’s stock worth $2,136,000 after purchasing an additional 95 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in Hyatt Hotels by 2.3% in the 4th quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company’s stock valued at $681,000 after buying an additional 99 shares during the period. UMB Bank n.a. lifted its position in Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after buying an additional 104 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Hyatt Hotels by 0.9% during the fourth quarter. Arizona State Retirement System now owns 13,050 shares of the company’s stock worth $2,049,000 after buying an additional 110 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Stock Down 0.0 %

Hyatt Hotels stock opened at $112.80 on Monday. The stock has a market cap of $10.85 billion, a PE ratio of 9.07 and a beta of 1.35. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s fifty day moving average is $122.83 and its two-hundred day moving average is $144.11. Hyatt Hotels Co. has a 1-year low of $102.43 and a 1-year high of $168.20.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, sell-side analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.53%. Hyatt Hotels’s dividend payout ratio is currently 4.82%.

Insider Activity at Hyatt Hotels

In other news, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the sale, the insider now directly owns 811 shares of the company’s stock, valued at approximately $99,712.45. This represents a 55.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark R. Vondrasek sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the transaction, the insider now owns 9,337 shares in the company, valued at approximately $1,090,561.60. This trade represents a 51.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,600 shares of company stock valued at $1,517,798 over the last ninety days. Insiders own 23.70% of the company’s stock.

Wall Street Analysts Forecast Growth

H has been the topic of a number of research analyst reports. Truist Financial decreased their price objective on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Jefferies Financial Group decreased their price target on Hyatt Hotels from $161.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus dropped their price objective on Hyatt Hotels from $156.75 to $132.00 and set a “hold” rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group reissued a “sell” rating and set a $110.00 target price (down previously from $150.00) on shares of Hyatt Hotels in a research note on Monday, April 14th. Finally, Macquarie reduced their price target on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $151.83.

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.