Thornburg Investment Management Inc. Has $2.50 Million Stake in Hyatt Hotels Corporation (NYSE:H)

Key Points

• Thornburg Investment Management Inc. has reduced its stake in Hyatt Hotels Corporation by 25%, holding 20,407 shares valued at $2.5 million after selling 6,787 shares.
• Hyatt Hotels recently announced a $0.15 quarterly dividend, with a yield of 0.41%, and reported earnings of $0.46 per share for the quarter, surpassing expectations.
• Research analysts have varied outlooks on Hyatt Hotels, with target prices ranging from $120.00 to $165.00 and a consensus rating of "Moderate Buy."

Thornburg Investment Management Inc. trimmed its holdings in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 25.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,407 shares of the company's stock after selling 6,787 shares during the period. Thornburg Investment Management Inc.'s holdings in Hyatt Hotels were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. State of Alaska Department of Revenue increased its position in Hyatt Hotels by 127.9% in the 1st quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company's stock worth $1,346,000 after purchasing an additional 6,170 shares during the last quarter. Bridges Investment Management Inc. increased its position in Hyatt Hotels by 87.0% in the 1st quarter. Bridges Investment Management Inc. now owns 8,119 shares of the company's stock worth $995,000 after purchasing an additional 3,778 shares during the last quarter. TT International Asset Management LTD increased its position in Hyatt Hotels by 10.0% in the 1st quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock worth $4,535,000 after purchasing an additional 3,360 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Hyatt Hotels in the 1st quarter worth about $488,000. Finally, Massachusetts Financial Services Co. MA increased its position in Hyatt Hotels by 0.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company's stock worth $447,376,000 after purchasing an additional 9,477 shares during the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Hotels Corp Hyatt bought 996,587 shares of the company's stock in a transaction dated Friday, June 13th. The stock was acquired at an average cost of $13.50 per share, with a total value of $13,453,924.50. Following the acquisition, the insider owned 117,077,441 shares in the company, valued at approximately $1,580,545,453.50. This represents a 0.86% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jnp 2010-Pg Trust sold 266,793 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $35,416,770.75. The disclosure for this sale can be found here. Insiders sold a total of 371,111 shares of company stock worth $49,273,516 in the last 90 days. 23.70% of the stock is owned by corporate insiders.

Hyatt Hotels Stock Performance

Shares of H stock traded down $3.31 during mid-day trading on Friday, reaching $137.66. The stock had a trading volume of 1,012,709 shares, compared to its average volume of 803,403. The firm's 50 day simple moving average is $139.84 and its 200 day simple moving average is $134.90. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20. The firm has a market cap of $13.14 billion, a PE ratio of 17.88, a P/E/G ratio of 2.59 and a beta of 1.46.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Jefferies Financial Group decreased 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. Melius Research upgraded Hyatt Hotels to a "strong-buy" rating in a research note on Monday, April 21st. Stifel Nicolaus decreased their price target on Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Raymond James Financial upgraded Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price target for the company in a research note on Tuesday, July 1st. Finally, Macquarie decreased their price target on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $150.74.

Hyatt Hotels 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.