Louisiana State Employees Retirement System Acquires New Stake in Hyatt Hotels Co. (NYSE:H)

Louisiana State Employees Retirement System purchased a new position in Hyatt Hotels Co. (NYSE:H - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,400 shares of the company's stock, valued at approximately $1,617,000.

Other large investors have also recently made changes to their positions in the company. First Manhattan CO. LLC. bought a new stake in shares of Hyatt Hotels in the first quarter worth approximately $25,000. Quarry LP bought a new stake in shares of Hyatt Hotels in the first quarter worth approximately $26,000. Janiczek Wealth Management LLC boosted its holdings in shares of Hyatt Hotels by 597.5% in the third quarter. Janiczek Wealth Management LLC now owns 279 shares of the company's stock worth $30,000 after buying an additional 239 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of Hyatt Hotels in the second quarter worth approximately $34,000. Finally, Money Concepts Capital Corp boosted its holdings in shares of Hyatt Hotels by 335.2% in the fourth quarter. Money Concepts Capital Corp now owns 383 shares of the company's stock worth $35,000 after buying an additional 295 shares during the last quarter. 71.02% of the stock is currently owned by institutional investors.

Hyatt Hotels Price Performance

Shares of H stock traded down $1.43 during mid-day trading on Friday, hitting $146.37. The company had a trading volume of 493,831 shares, compared to its average volume of 455,576. Hyatt Hotels Co. has a 52-week low of $96.77 and a 52-week high of $161.50. The stock's 50 day moving average price is $151.31 and its 200-day moving average price is $130.33. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59. The company has a market capitalization of $14.81 billion, a P/E ratio of 71.75, a P/E/G ratio of 21.09 and a beta of 1.49.

Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the firm earned $2.55 earnings per share. Equities research analysts forecast that Hyatt Hotels Co. will post 3.24 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Tuesday, February 27th. Hyatt Hotels's dividend payout ratio is presently 29.41%.

Insider Buying and Selling

In related news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Samuel Hoplamazian sold 75,457 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the transaction, the insider now owns 459,000 shares in the company, valued at approximately $72,737,730. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,077,803 shares of company stock worth $325,526,849. Insiders own 23.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on H. Wells Fargo & Company raised their price objective on shares of Hyatt Hotels from $138.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, February 26th. Truist Financial raised their price objective on shares of Hyatt Hotels from $143.00 to $172.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. Jefferies Financial Group lifted their price target on shares of Hyatt Hotels from $104.00 to $127.00 and gave the company a "hold" rating in a report on Tuesday, January 2nd. Mizuho initiated coverage on shares of Hyatt Hotels in a report on Tuesday, March 26th. They set a "buy" rating and a $197.00 price target on the stock. Finally, TD Cowen lifted their price target on shares of Hyatt Hotels from $95.00 to $160.00 and gave the company a "market perform" rating in a report on Thursday, March 21st. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $142.00.

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.