Arizona State Retirement System Buys 110 Shares of Hyatt Hotels Co. (NYSE:H)

Arizona State Retirement System boosted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,050 shares of the company’s stock after acquiring an additional 110 shares during the period. Arizona State Retirement System’s holdings in Hyatt Hotels were worth $2,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in H. Aigen Investment Management LP raised its stake in Hyatt Hotels by 15.6% in the fourth quarter. Aigen Investment Management LP now owns 4,715 shares of the company’s stock valued at $740,000 after purchasing an additional 637 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Hyatt Hotels in the 4th quarter valued at about $7,072,000. Assetmark Inc. lifted its holdings in shares of Hyatt Hotels by 29.5% during the 4th quarter. Assetmark Inc. now owns 63,525 shares of the company’s stock worth $9,972,000 after acquiring an additional 14,484 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Hyatt Hotels during the 4th quarter worth approximately $88,000. Finally, Bridges Investment Management Inc. increased its stake in Hyatt Hotels by 2.3% in the fourth quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company’s stock valued at $681,000 after acquiring an additional 99 shares during the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Evercore ISI upgraded Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 target price for the company in a research note on Wednesday, March 5th. Barclays dropped their price objective on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Truist Financial lifted their target price on Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Susquehanna increased their target price on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Finally, Morgan Stanley decreased their price target on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $162.24.

Insider Transactions at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now owns 37,927 shares in the company, valued at $5,377,290.06. This represents a 4.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Performance

NYSE H opened at $127.20 on Wednesday. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 10.22 and a beta of 1.51. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a twelve month low of $124.12 and a twelve month high of $168.20. The stock has a fifty day simple moving average of $150.32 and a 200 day simple moving average of $152.46.

Hyatt Hotels (NYSE:H) last issued its quarterly 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). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period in the previous year, the company posted $0.64 EPS. Sell-side analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.47%. Hyatt Hotels’s payout ratio is 4.82%.

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.