Hyatt Hotels Co. (NYSE:H) Position Increased by Arizona State Retirement System

Arizona State Retirement System lifted its position in shares of Hyatt Hotels Co. (NYSE:HGet Rating) by 3.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 13,597 shares of the company’s stock after acquiring an additional 404 shares during the period. Arizona State Retirement System’s holdings in Hyatt Hotels were worth $1,298,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. CWM LLC bought a new position in shares of Hyatt Hotels during the fourth quarter worth about $26,000. Steward Partners Investment Advisory LLC lifted its holdings in Hyatt Hotels by 102.9% in the first quarter. Steward Partners Investment Advisory LLC now owns 284 shares of the company’s stock worth $27,000 after purchasing an additional 144 shares during the period. Sageworth Trust Co of South Dakota acquired a new stake in Hyatt Hotels in the fourth quarter worth about $52,000. National Bank of Canada FI acquired a new stake in Hyatt Hotels in the fourth quarter worth about $66,000. Finally, First Horizon Advisors Inc. lifted its holdings in Hyatt Hotels by 855.8% in the fourth quarter. First Horizon Advisors Inc. now owns 822 shares of the company’s stock worth $78,000 after purchasing an additional 736 shares during the period. Institutional investors own 46.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on H shares. Berenberg Bank raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating and upped their price target for the company from $80.00 to $85.00 in a report on Monday, May 16th. Barclays started coverage on shares of Hyatt Hotels in a report on Tuesday, June 28th. They issued an “overweight” rating and a $103.00 price target for the company. Evercore ISI cut their price target on shares of Hyatt Hotels from $110.00 to $100.00 and set an “in-line” rating for the company in a report on Monday, July 11th. Finally, Truist Financial upped their price target on shares of Hyatt Hotels from $111.00 to $121.00 and gave the company a “na” rating in a report on Tuesday, May 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $95.21.

Insider Activity

In related news, insider Mark R. Vondrasek sold 900 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $81.01, for a total value of $72,909.00. Following the transaction, the insider now owns 5,767 shares in the company, valued at $467,184.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Mark R. Vondrasek sold 900 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $81.01, for a total value of $72,909.00. Following the completion of the sale, the insider now directly owns 5,767 shares of the company’s stock, valued at $467,184.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark R. Vondrasek sold 7,141 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $94.16, for a total value of $672,396.56. Following the completion of the transaction, the insider now directly owns 5,767 shares of the company’s stock, valued at $543,020.72. The disclosure for this sale can be found here. Insiders have sold 14,480 shares of company stock worth $1,301,518 in the last 90 days. Company insiders own 21.24% of the company’s stock.

Hyatt Hotels Price Performance

Shares of H opened at $83.59 on Tuesday. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 597.11 and a beta of 1.41. Hyatt Hotels Co. has a fifty-two week low of $67.70 and a fifty-two week high of $108.10. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50-day moving average is $80.35 and its 200-day moving average is $88.14.

Hyatt Hotels (NYSE:HGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.08. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.11 billion. Hyatt Hotels had a negative return on equity of 6.42% and a net margin of 0.23%. During the same quarter in the prior year, the company earned ($3.57) EPS. Equities research analysts expect that Hyatt Hotels Co. will post -0.32 EPS for the current fiscal year.

About Hyatt Hotels

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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/SW Asia Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels, select service hotels, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.

Further Reading

Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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