Louisiana State Employees Retirement System Takes Position in Hyatt Hotels Corporation $H

Louisiana State Employees Retirement System acquired a new position in Hyatt Hotels Corporation (NYSE:H) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 12,000 shares of the company’s stock, valued at approximately $1,725,000.

A number of other hedge funds also recently bought and sold shares of the company. Bamco Inc. NY lifted its holdings in Hyatt Hotels by 2.7% in the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after acquiring an additional 161,461 shares during the period. Wellington Management Group LLP grew its stake in shares of Hyatt Hotels by 48.0% during the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after purchasing an additional 1,516,554 shares during the period. Veritas Asset Management LLP grew its position in Hyatt Hotels by 827.9% during the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after buying an additional 1,695,616 shares during the period. Bank of Nova Scotia increased its holdings in Hyatt Hotels by 2.8% during the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock valued at $257,352,000 after buying an additional 43,733 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Hyatt Hotels by 15.8% during the third quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after buying an additional 193,530 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 8,682 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $172.00, for a total transaction of $1,493,304.00. Following the completion of the transaction, the insider owned 13,338 shares of the company’s stock, valued at $2,294,136. This represents a 39.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan D. Kronick sold 1,119 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $174.51, for a total value of $195,276.69. Following the transaction, the director owned 31,225 shares of the company’s stock, valued at approximately $5,449,074.75. The trade was a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 236,658 shares of company stock valued at $39,977,159 in the last ninety days. Corporate insiders own 23.60% of the company’s stock.

Analysts Set New Price Targets

H has been the topic of several analyst reports. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Barclays raised their target price on Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Sanford C. Bernstein lifted their target price on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. HSBC raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a report on Thursday, June 4th. Finally, JPMorgan Chase & Co. raised their price objective on Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.36.

Hyatt Hotels Stock Down 1.3%

NYSE H opened at $191.31 on Thursday. Hyatt Hotels Corporation has a 12 month low of $133.51 and a 12 month 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 market cap of $18.01 billion, a PE ratio of -546.61 and a beta of 1.32. The stock’s 50 day moving average is $181.40 and its 200 day moving average is $167.08.

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

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.