Teachers Retirement System of The State of Kentucky Has $3.24 Million Stock Position in Hyatt Hotels Corporation $H

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 11.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,536 shares of the company’s stock after selling 2,926 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Hyatt Hotels were worth $3,241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in Hyatt Hotels by 14.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company’s stock valued at $41,083,000 after purchasing an additional 32,048 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Hyatt Hotels by 970.8% in the fourth quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock valued at $2,970,000 after purchasing an additional 16,794 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Hyatt Hotels by 345.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company’s stock valued at $1,422,000 after purchasing an additional 6,877 shares during the period. Accredited Investors Inc. bought a new position in shares of Hyatt Hotels in the fourth quarter valued at about $1,146,000. Finally, Davidson Investment Advisors lifted its stake in shares of Hyatt Hotels by 287.0% during the 4th quarter. Davidson Investment Advisors now owns 272,421 shares of the company’s stock worth $43,675,000 after buying an additional 202,031 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Insider Buying and Selling

In related news, Director Susan D. Kronick sold 1,119 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $174.51, for a total transaction of $195,276.69. Following the completion of the sale, the director owned 31,225 shares of the company’s stock, valued at $5,449,074.75. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Cary D. Mcmillan sold 1,119 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $174.96, for a total transaction of $195,780.24. The disclosure for this sale is available in the SEC filing. Insiders have sold 236,658 shares of company stock valued at $39,977,159 in the last ninety days. Insiders own 23.60% of the company’s stock.

Hyatt Hotels Trading Up 2.7%

Shares of H stock opened at $189.70 on Wednesday. The stock has a market cap of $17.86 billion, a P/E ratio of -542.00 and a beta of 1.32. Hyatt Hotels Corporation has a 1 year low of $133.51 and a 1 year high of $206.86. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The stock has a 50 day simple moving average of $186.03 and a 200 day simple moving average of $168.72.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same quarter last year, the company earned $0.46 EPS. On average, research analysts predict that Hyatt Hotels Corporation will post 3.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on H shares. HSBC upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research note on Thursday, June 4th. Mizuho boosted their price objective on Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Sanford C. Bernstein lifted their price target on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Robert W. Baird boosted their price target on Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and an average price target of $194.36.

Hyatt Hotels Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.