Teza Capital Management LLC Reduces Position in Hyatt Hotels Co. (NYSE:H)

Teza Capital Management LLC lessened its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 44.3% in the 4th quarter, Holdings Channel reports. The fund owned 8,171 shares of the company’s stock after selling 6,493 shares during the quarter. Teza Capital Management LLC’s holdings in Hyatt Hotels were worth $1,283,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new stake in Hyatt Hotels during the 4th quarter valued at about $26,000. UMB Bank n.a. grew its stake in shares of Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after buying an additional 104 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after buying an additional 300 shares during the period. Fifth Third Bancorp grew its stake in shares of Hyatt Hotels by 31.9% in the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after buying an additional 113 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Hyatt Hotels by 78.8% in the 4th quarter. Blue Trust Inc. now owns 581 shares of the company’s stock valued at $88,000 after buying an additional 256 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $135.30 on Monday. The firm has a market cap of $12.92 billion, a PE ratio of 10.88 and a beta of 1.36. Hyatt Hotels Co. has a 52-week low of $102.43 and a 52-week high of $168.20. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The company’s 50 day moving average is $118.88 and its two-hundred day moving average is $141.20.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.16. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period in the prior year, the business earned $0.71 EPS. On average, research analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th will be issued a $0.15 dividend. The ex-dividend date is Thursday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.44%. Hyatt Hotels’s payout ratio is 7.79%.

Analyst Upgrades and Downgrades

H has been the subject of several analyst reports. Morgan Stanley dropped their price target on shares of Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Melius Research raised shares of Hyatt Hotels to a “strong-buy” rating in a research note on Monday, April 21st. Mizuho dropped their price target on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Truist Financial dropped their price target on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Wells Fargo & Company dropped their price target on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $151.17.

Insider Activity

In other news, insider Kinsey Wolf sold 1,000 shares of the firm’s 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 sale, the insider now directly owns 811 shares in the company, valued at approximately $99,712.45. This trade represents a 55.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jnp 2010-Pg Trust sold 266,793 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total transaction of $35,416,770.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 377,220 shares of company stock worth $49,921,103. 23.70% of the stock is currently owned by corporate insiders.

About Hyatt Hotels

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.