Teachers Retirement System of The State of Kentucky Sells 400 Shares of Hyatt Hotels Co. (NYSE:H)

Teachers Retirement System of The State of Kentucky reduced its position in shares of Hyatt Hotels Co. (NYSE:H) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,450 shares of the company’s stock after selling 400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Hyatt Hotels were worth $2,047,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC bought a new stake in shares of Hyatt Hotels in the second quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Hyatt Hotels during the 3rd quarter worth about $30,000. Blue Trust Inc. raised its position in shares of Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after buying an additional 213 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after buying an additional 310 shares during the period. Finally, iA Global Asset Management Inc. acquired a new stake in Hyatt Hotels during the third quarter worth about $51,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Hyatt Hotels Stock Up 0.6 %

Shares of NYSE H opened at $159.98 on Tuesday. Hyatt Hotels Co. has a 12-month low of $124.40 and a 12-month high of $168.20. The firm’s 50-day simple moving average is $155.15 and its 200 day simple moving average is $150.50. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The company has a market cap of $15.36 billion, a price-to-earnings ratio of 12.06 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the prior year, the business earned $0.70 earnings per share. On average, research analysts expect that Hyatt Hotels Co. will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.15 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.52%.

Analysts Set New Price Targets

Several equities analysts have commented on H shares. Bank of America upped their price target on Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, October 21st. Macquarie decreased their price target on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Mizuho dropped their price objective on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Barclays lifted their target price on shares of Hyatt Hotels from $144.00 to $161.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Truist Financial dropped their price target on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $152.88.

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.