California State Teachers Retirement System Boosts Stake in Hyatt Hotels Corporation $H

California State Teachers Retirement System lifted its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 17,286.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,654,374 shares of the company's stock after buying an additional 8,604,598 shares during the period. California State Teachers Retirement System owned about 9.18% of Hyatt Hotels worth $1,677,564,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in H. HB Wealth Management LLC purchased a new stake in Hyatt Hotels during the second quarter valued at approximately $277,000. Nilsine Partners LLC purchased a new stake in Hyatt Hotels during the 2nd quarter valued at $4,009,000. Saudi Central Bank lifted its position in Hyatt Hotels by 76.6% in the second quarter. Saudi Central Bank now owns 2,727 shares of the company's stock worth $529,000 after buying an additional 1,183 shares during the last quarter. Raiffeisen Bank International AG lifted its position in Hyatt Hotels by 140.8% in the second quarter. Raiffeisen Bank International AG now owns 171 shares of the company's stock worth $34,000 after buying an additional 100 shares during the last quarter. Finally, Syon Capital LLC boosted its stake in shares of Hyatt Hotels by 7.7% during the 2nd quarter. Syon Capital LLC now owns 1,535 shares of the company's stock worth $298,000 after purchasing an additional 110 shares during the period. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hyatt Hotels

In other news, Director Susan Kronick sold 1,700 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the sale, the director owned 29,525 shares of the company's stock, valued at approximately $5,310,957. This represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is currently owned by insiders.

Hyatt Hotels Stock Performance

Hyatt Hotels stock opened at $163.35 on Friday. The firm has a 50 day simple moving average of $178.73 and a 200-day simple moving average of $172.46. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 199.21 and a beta of 1.34. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. Hyatt Hotels Corporation has a 1-year low of $134.18 and a 1-year high of $206.86.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.21. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 earnings per share. On average, analysts expect that Hyatt Hotels Corporation will post 3.54 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, August 27th. Hyatt Hotels's dividend payout ratio is currently 73.17%.

Analysts Set New Price Targets

A number of research firms recently issued reports on H. Susquehanna boosted their price objective on Hyatt Hotels from $180.00 to $185.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Morgan Stanley decreased their target price on Hyatt Hotels from $218.00 to $209.00 and set an "overweight" rating for the company in a research report on Tuesday, August 18th. Wolfe Research started coverage on shares of Hyatt Hotels in a research note on Wednesday, September 2nd. They set an "outperform" rating and a $203.00 target price for the company. Stifel Nicolaus set a $182.00 price target on shares of Hyatt Hotels in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Hyatt Hotels from $215.00 to $209.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $197.80.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation NYSE: H is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio serves business and leisure travelers across a range of price points, from luxury and lifestyle accommodations to full-service and select-service hotels.

The company's brands include Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, The Unbound Collection by Hyatt, Destination by Hyatt, Hyatt Place and Hyatt House.

Want to see what other hedge funds are holding H? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyatt Hotels Corporation (NYSE:H - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.