11,566 Shares in Hyatt Hotels Corporation $H Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in Hyatt Hotels Corporation (NYSE:H) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,566 shares of the company’s stock, valued at approximately $2,242,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in H. Veritas Asset Management LLP lifted its holdings in shares of Hyatt Hotels by 827.9% in the 4th 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 during the period. Wellington Management Group LLP grew its holdings in Hyatt Hotels by 48.0% during the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after acquiring an additional 1,516,554 shares during the period. Bank of America Corp DE raised its position in Hyatt Hotels by 84.5% in the second quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock worth $171,545,000 after acquiring an additional 562,611 shares in the last quarter. Par Capital Management Inc. lifted its holdings in Hyatt Hotels by 551.8% in the second quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock valued at $51,847,000 after acquiring an additional 314,300 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Hyatt Hotels by 342.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 383,707 shares of the company’s stock worth $61,517,000 after purchasing an additional 296,931 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on H. Stifel Nicolaus set a $182.00 price target on shares of Hyatt Hotels in a report on Friday, May 29th. Morgan Stanley decreased their price objective on shares of Hyatt Hotels from $218.00 to $209.00 and set an “overweight” rating on the stock in a report on Tuesday, August 18th. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Wells Fargo & Company lifted their price target on shares of Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Finally, Mizuho boosted their price target on Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Hyatt Hotels has a consensus rating of “Moderate Buy” and an average price target of $197.07.

Hyatt Hotels Stock Up 0.4%

H stock opened at $166.00 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. The company’s 50 day simple moving average is $181.79 and its 200-day simple moving average is $172.69. Hyatt Hotels Corporation has a 12 month low of $134.18 and a 12 month high of $206.86. The firm has a market capitalization of $15.64 billion, a PE ratio of 202.44 and a beta of 1.34.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.21. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. Equities analysts expect that Hyatt Hotels Corporation will post 3.54 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 27th. Hyatt Hotels’s payout ratio is 73.17%.

Insider Activity

In other Hyatt Hotels news, Director Susan Kronick sold 1,700 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.88, for a total value of $305,796.00. Following the transaction, the director directly owned 29,525 shares in the company, valued at approximately $5,310,957. This represents a 5.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is owned by corporate insiders.

About Hyatt Hotels

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.