Hyatt Hotels Co. (NYSE:H) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its holdings in Hyatt Hotels Co. (NYSE:H) by 12.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,189 shares of the company’s stock after selling 312 shares during the period. Maryland State Retirement & Pension System’s holdings in Hyatt Hotels were worth $344,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bamco Inc. NY lifted its holdings in shares of Hyatt Hotels by 1.3% during the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after purchasing an additional 68,608 shares during the period. Principal Financial Group Inc. raised its position in Hyatt Hotels by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock worth $422,960,000 after buying an additional 46,413 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Hyatt Hotels by 3.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock worth $267,192,000 after acquiring an additional 56,082 shares during the period. State Street Corp boosted its holdings in shares of Hyatt Hotels by 0.4% in the third quarter. State Street Corp now owns 1,441,148 shares of the company’s stock valued at $219,343,000 after acquiring an additional 6,007 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Hyatt Hotels by 1.0% during the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after purchasing an additional 7,440 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hyatt Hotels

In other news, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the sale, the insider now owns 811 shares of the company’s stock, valued at $99,712.45. This represents a 55.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark R. Vondrasek sold 10,000 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the sale, the insider now directly owns 9,337 shares of the company’s stock, valued at approximately $1,090,561.60. This trade represents a 51.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,600 shares of company stock worth $1,517,798 in the last ninety days. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $125.57 on Wednesday. The business has a fifty day simple moving average of $144.28 and a 200-day simple moving average of $150.73. Hyatt Hotels Co. has a 52 week low of $116.13 and a 52 week high of $168.20. The company has a market cap of $12.07 billion, a P/E ratio of 10.09 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 (NYSE:H) last announced its quarterly earnings data 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). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the company earned $0.64 earnings per share. Equities research analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.48%. Hyatt Hotels’s dividend payout ratio is presently 4.82%.

Wall Street Analysts Forecast Growth

H has been the topic of several recent analyst reports. Evercore ISI upgraded Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 target price on the stock in a research report on Wednesday, March 5th. Macquarie dropped their target price on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Robert W. Baird dropped their price objective on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Finally, The Goldman Sachs Group cut their price target on Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus price target of $161.97.

Hyatt Hotels Company 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.