Teza Capital Management LLC Cuts Stock Position in Hyatt Hotels Co. (NYSE:H)

Teza Capital Management LLC cut its holdings in Hyatt Hotels Co. (NYSE:H - Free Report) by 44.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,171 shares of the company's stock after selling 6,493 shares during the quarter. Teza Capital Management LLC's holdings in Hyatt Hotels were worth $1,283,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Bernard Wealth Management Corp. purchased a new position in shares of Hyatt Hotels in the 4th quarter valued at about $26,000. UMB Bank n.a. raised its position in Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company's stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Hyatt Hotels by 750.0% during the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock worth $53,000 after buying an additional 300 shares during the period. Fifth Third Bancorp raised its stake in Hyatt Hotels by 31.9% during the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company's stock valued at $73,000 after acquiring an additional 113 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Hyatt Hotels during the fourth quarter worth $88,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays increased their target price on shares of Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Susquehanna upped their price target on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Jefferies Financial Group reduced their price target on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Truist Financial lowered their target price on Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, The Goldman Sachs Group boosted their price objective on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a report on Friday, May 2nd. Two research 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 stock. According to MarketBeat.com, Hyatt Hotels has a consensus rating of "Hold" and a consensus target price of $151.17.

Hyatt Hotels Price Performance

NYSE H traded up $0.50 on Friday, reaching $128.04. 298,049 shares of the company's stock traded hands, compared to its average volume of 690,586. The stock has a 50-day simple moving average of $119.39 and a 200 day simple moving average of $140.85. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. Hyatt Hotels Co. has a 12 month low of $102.43 and a 12 month high of $168.20. The stock has a market cap of $12.22 billion, a PE ratio of 10.28 and a beta of 1.36.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, beating 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 analysts' expectations of $1.71 billion. During the same quarter in the previous year, the business posted $0.71 earnings per share. As a group, research analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Thursday, May 29th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Thursday, May 29th. Hyatt Hotels's dividend payout ratio is currently 7.79%.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now owns 37,927 shares of the company's stock, valued at $5,377,290.06. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark R. Vondrasek sold 10,000 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the completion of the sale, the insider now directly owns 9,337 shares of the company's stock, valued at approximately $1,090,561.60. This trade represents a 51.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 377,220 shares of company stock worth $49,921,103 in the last three months. 23.70% of the stock is currently owned by company 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.