Louisiana State Employees Retirement System Sells 100 Shares of Hyatt Hotels Corporation $H

Louisiana State Employees Retirement System reduced its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 0.8% in the second quarter, Holdings Channel reports. The fund owned 11,800 shares of the company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Hyatt Hotels were worth $1,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of H. Long Pond Capital LP bought a new position in shares of Hyatt Hotels during the 1st quarter valued at approximately $191,922,000. Principal Financial Group Inc. grew its position in shares of Hyatt Hotels by 16.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company’s stock valued at $384,132,000 after acquiring an additional 441,417 shares during the period. Nuveen LLC bought a new position in shares of Hyatt Hotels during the 1st quarter valued at approximately $36,229,000. Senator Investment Group LP purchased a new stake in shares of Hyatt Hotels during the 1st quarter valued at approximately $24,500,000. Finally, Bank of Nova Scotia lifted its stake in shares of Hyatt Hotels by 9.3% during the 1st quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company’s stock valued at $229,987,000 after buying an additional 160,461 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

H has been the topic of a number of recent research reports. Wall Street Zen cut shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Barclays dropped their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Friday, August 8th. Truist Financial upped their price target on shares of Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Hyatt Hotels in a research note on Wednesday, October 8th. Finally, Robert W. Baird upped their price target on shares of Hyatt Hotels from $148.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.68.

Insider Activity at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total value of $587,395.00. Following the transaction, the insider owned 16,756 shares of the company’s stock, valued at $2,429,620. This represents a 19.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 23.70% of the stock is owned by insiders.

Hyatt Hotels Stock Performance

NYSE H opened at $142.85 on Monday. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $168.20. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $13.64 billion, a PE ratio of 33.93, a P/E/G ratio of 2.24 and a beta of 1.41. The company’s 50 day simple moving average is $142.19 and its two-hundred day simple moving average is $134.31.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.06. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the company posted $1.53 EPS. Analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio is presently 14.25%.

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.