Rhumbline Advisers Sells 1,944 Shares of Hyatt Hotels Co. (NYSE:H)

Rhumbline Advisers lowered its stake in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,754 shares of the company's stock after selling 1,944 shares during the period. Rhumbline Advisers owned about 0.13% of Hyatt Hotels worth $15,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in H. Blue Trust Inc. boosted its stake in shares of Hyatt Hotels by 78.8% during the fourth quarter. Blue Trust Inc. now owns 581 shares of the company's stock valued at $88,000 after acquiring an additional 256 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Hyatt Hotels during the 4th quarter valued at $214,000. Principal Securities Inc. boosted its position in shares of Hyatt Hotels by 10.3% in the fourth quarter. Principal Securities Inc. now owns 1,579 shares of the company's stock worth $248,000 after buying an additional 147 shares during the period. State of New Jersey Common Pension Fund D grew its position in Hyatt Hotels by 1.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 13,704 shares of the company's stock valued at $2,151,000 after acquiring an additional 218 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Hyatt Hotels by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company's stock valued at $422,960,000 after purchasing an additional 46,413 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the transaction, the insider now directly owns 9,337 shares in the company, valued at approximately $1,090,561.60. The trade was a 51.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total value of $7,083,672.75. The disclosure for this sale can be found here. Insiders have sold a total of 375,620 shares of company stock valued at $49,694,255 over the last quarter. 23.70% of the stock is owned by company insiders.

Hyatt Hotels Stock Up 2.2%

Shares of NYSE:H traded up $2.92 on Friday, reaching $132.88. The company had a trading volume of 798,915 shares, compared to its average volume of 711,900. 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 stock has a 50-day moving average price of $120.99 and a 200 day moving average price of $138.97. The stock has a market capitalization of $12.68 billion, a P/E ratio of 10.68 and a beta of 1.42. Hyatt Hotels Co. has a twelve month low of $102.43 and a twelve month high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company posted $0.71 earnings per share. On average, equities analysts expect that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Thursday, May 29th will be paid 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 0.45%. Hyatt Hotels's payout ratio is 7.79%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research note on Friday, May 2nd. Barclays increased their target price on Hyatt Hotels from $122.00 to $127.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Truist Financial cut their price target on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Evercore ISI decreased their target price on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Melius Research upgraded Hyatt Hotels to a "strong-buy" rating in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Hyatt Hotels presently has an average rating of "Hold" and an average price target of $149.72.

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.