New York State Teachers Retirement System Lowers Stake in Hyatt Hotels Corporation (NYSE:H)

New York State Teachers Retirement System reduced its stake in Hyatt Hotels Corporation (NYSE:H - Free Report) by 37.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,244 shares of the company's stock after selling 4,321 shares during the period. New York State Teachers Retirement System's holdings in Hyatt Hotels were worth $887,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bamco Inc. NY grew its position in shares of Hyatt Hotels by 1.2% in the fourth quarter. Bamco Inc. NY now owns 5,550,789 shares of the company's stock valued at $871,363,000 after purchasing an additional 67,385 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Hyatt Hotels by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company's stock valued at $447,376,000 after purchasing an additional 9,477 shares during the period. Bank of Nova Scotia increased its holdings in Hyatt Hotels by 2.2% in the fourth quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company's stock valued at $269,532,000 after purchasing an additional 37,057 shares during the period. Invesco Ltd. grew its holdings in Hyatt Hotels by 241.4% during the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company's stock worth $106,677,000 after acquiring an additional 480,523 shares during the period. Finally, Bain Capital Public Equity Management II LLC grew its holdings in Hyatt Hotels by 1.4% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 611,948 shares of the company's stock worth $96,064,000 after acquiring an additional 8,254 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Trading Down 1.0%

NYSE:H traded down $1.55 during mid-day trading on Friday, hitting $150.70. 676,319 shares of the stock traded hands, compared to its average volume of 764,574. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20. 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 stock has a market capitalization of $14.39 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 4.91 and a beta of 1.42. The firm's 50 day moving average is $134.85 and its two-hundred day moving average is $135.83.

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

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Thursday, May 29th. Hyatt Hotels's dividend payout ratio (DPR) is currently 7.79%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on H. The Goldman Sachs Group raised their price target on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a report on Friday, May 2nd. Morgan Stanley decreased their price objective on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Raymond James Financial upgraded shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price target on the stock in a research report on Tuesday, July 1st. Melius Research upgraded shares of Hyatt Hotels to a "strong-buy" rating in a research report on Monday, April 21st. Finally, Macquarie dropped their price objective on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Hyatt Hotels presently has a consensus rating of "Hold" and a consensus price target of $150.63.

Insiders Place Their Bets

In related news, Director Susan D. Kronick sold 1,600 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $135.00, for a total value of $216,000.00. Following the completion of the transaction, the director directly owned 37,825 shares in the company, valued at $5,106,375. The trade was a 4.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Udell sold 3,891 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $134.03, for a total transaction of $521,510.73. Following the completion of the transaction, the insider owned 16,756 shares of the company's stock, valued at approximately $2,245,806.68. This represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 371,111 shares of company stock worth $49,273,516. Company insiders own 23.70% of the company's stock.

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.