Public Employees Retirement System of Ohio Has $2.48 Million Stock Position in Hyatt Hotels Co. (NYSE:H)

Public Employees Retirement System of Ohio trimmed its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 4.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 16,262 shares of the company’s stock after selling 824 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Hyatt Hotels were worth $2,475,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bamco Inc. NY raised its holdings in Hyatt Hotels by 1.3% in the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after purchasing an additional 68,608 shares during the period. Principal Financial Group Inc. grew its holdings in Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after purchasing an additional 162,562 shares during the period. Wellington Management Group LLP increased its holdings in shares of Hyatt Hotels by 3.3% in the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after purchasing an additional 56,082 shares during the last quarter. State Street Corp increased its stake in shares of Hyatt Hotels by 0.4% during the third quarter. State Street Corp now owns 1,441,148 shares of the company’s stock worth $219,343,000 after purchasing an additional 6,007 shares during the period. Finally, Fiera Capital Corp increased its position in Hyatt Hotels by 1.2% during the second quarter. Fiera Capital Corp now owns 574,045 shares of the company’s stock worth $87,209,000 after acquiring an additional 6,896 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insiders Place Their Bets

In other news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the transaction, the insider now owns 5,798 shares in the company, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.50% of the stock is currently owned by insiders.

Hyatt Hotels Price Performance

H stock opened at $157.57 on Wednesday. The firm has a 50 day simple moving average of $155.25 and a two-hundred day simple moving average of $150.57. Hyatt Hotels Co. has a one year low of $124.40 and a one year high of $168.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $15.13 billion, a PE ratio of 11.87 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the prior year, the firm earned $0.70 earnings per share. On average, analysts predict that Hyatt Hotels Co. will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Friday, November 22nd. Hyatt Hotels’s payout ratio is presently 4.52%.

Wall Street Analyst Weigh In

Several equities analysts have commented on H shares. Stifel Nicolaus raised their target price on shares of Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a report on Tuesday, November 26th. Macquarie lowered their target price on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Mizuho dropped their price target on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels presently has an average rating of “Hold” and an average price target of $152.88.

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.