6,207 Shares in Hyatt Hotels Corporation (NYSE:H) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,207 shares of the company's stock, valued at approximately $760,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position in Hyatt Hotels by 127.9% in the first quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company's stock worth $1,346,000 after acquiring an additional 6,170 shares in the last quarter. TT International Asset Management LTD grew its position in Hyatt Hotels by 10.0% in the first quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock worth $4,535,000 after acquiring an additional 3,360 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Hyatt Hotels during the 1st quarter worth $488,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Hyatt Hotels by 0.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company's stock worth $447,376,000 after buying an additional 9,477 shares during the period. Finally, U S Global Investors Inc. acquired a new position in Hyatt Hotels during the 1st quarter valued at $490,000. 73.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on H shares. Raymond James Financial raised shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price on the stock in a research note on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday. Macquarie lowered their price objective on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Barclays raised their target price on shares of Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, Jefferies Financial Group dropped their price target on Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.63.

Hyatt Hotels Stock Performance

NYSE:H traded down $0.12 on Friday, hitting $147.29. The stock had a trading volume of 246,769 shares, compared to its average volume of 770,107. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 4.70 and a beta of 1.42. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The business's 50-day simple moving average is $136.84 and its two-hundred day simple moving average is $135.55. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. The business had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the prior year, the business earned $0.71 EPS. As a group, research analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. Hyatt Hotels's payout ratio is 7.79%.

Insider Transactions at Hyatt Hotels

In other news, Director Cary D. Mcmillan sold 1,000 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $132.70, for a total value of $132,700.00. Following the sale, the director owned 498 shares in the company, valued at $66,084.60. This represents a 66.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Hotels Corp Hyatt purchased 996,587 shares of the stock in a transaction on Friday, June 13th. The shares were acquired at an average price of $13.50 per share, for a total transaction of $13,453,924.50. Following the transaction, the insider directly owned 117,077,441 shares of the company's stock, valued at $1,580,545,453.50. This represents a 0.86% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 371,111 shares of company stock valued at $49,273,516. 23.70% of the stock is owned by insiders.

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.