Teachers Retirement System of The State of Kentucky Makes New $1.81 Million Investment in Hyatt Hotels Co. (NYSE:H)

Teachers Retirement System of The State of Kentucky acquired a new position in Hyatt Hotels Co. (NYSE:H) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,850 shares of the company’s stock, valued at approximately $1,806,000.

Several other hedge funds and other institutional investors also recently modified their holdings of H. Norges Bank bought a new stake in shares of Hyatt Hotels in the fourth quarter valued at approximately $72,086,000. Bain Capital Public Equity Management II LLC bought a new stake in shares of Hyatt Hotels in the fourth quarter valued at approximately $57,284,000. Franklin Resources Inc. raised its position in shares of Hyatt Hotels by 28.5% in the fourth quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock valued at $254,061,000 after purchasing an additional 432,594 shares during the period. Principal Financial Group Inc. raised its position in shares of Hyatt Hotels by 6.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,405,283 shares of the company’s stock valued at $313,673,000 after purchasing an additional 148,804 shares during the period. Finally, Tudor Investment Corp Et Al raised its position in shares of Hyatt Hotels by 1,141.6% in the third quarter. Tudor Investment Corp Et Al now owns 97,517 shares of the company’s stock valued at $10,345,000 after purchasing an additional 89,663 shares during the period. Institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock opened at $148.49 on Friday. Hyatt Hotels Co. has a 52-week low of $96.77 and a 52-week high of $161.50. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 23.06 and a beta of 1.49. The company has a fifty day moving average of $148.80 and a 200-day moving average of $142.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the company posted $0.41 EPS. Equities research analysts expect that Hyatt Hotels Co. will post 3.34 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

Insider Activity at Hyatt Hotels

In related news, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $3,023,144.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $3,023,144.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joan Bottarini sold 10,695 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the completion of the transaction, the insider now owns 16,104 shares of the company’s stock, valued at $2,398,207.68. The disclosure for this sale can be found here. Insiders sold 12,189 shares of company stock worth $1,815,619 in the last three months. 23.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

H has been the subject of several recent analyst reports. Truist Financial reduced their price objective on shares of Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Mizuho boosted their price objective on shares of Hyatt Hotels from $195.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Wells Fargo & Company boosted their price objective on shares of Hyatt Hotels from $138.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. TD Cowen boosted their price objective on shares of Hyatt Hotels from $95.00 to $160.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Finally, Susquehanna initiated coverage on shares of Hyatt Hotels in a research note on Friday. They set a “neutral” rating and a $160.00 price objective for the company. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and an average price target of $149.00.

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.