Strs Ohio Acquires Shares of 9,781 Hyatt Hotels Corporation $H

Strs Ohio acquired a new stake in shares of Hyatt Hotels Corporation (NYSE:H) during the second quarter, Holdings Channel reports. The firm acquired 9,781 shares of the company’s stock, valued at approximately $1,366,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Atria Investments Inc boosted its holdings in Hyatt Hotels by 4.1% during the second quarter. Atria Investments Inc now owns 2,063 shares of the company’s stock valued at $288,000 after purchasing an additional 81 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Hyatt Hotels by 33.2% during the second quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock valued at $54,000 after purchasing an additional 96 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Hyatt Hotels by 5.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company’s stock valued at $256,000 after purchasing an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Hyatt Hotels by 86.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its holdings in Hyatt Hotels by 0.9% during the first quarter. Resona Asset Management Co. Ltd. now owns 12,969 shares of the company’s stock valued at $1,587,000 after purchasing an additional 121 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on H shares. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a “hold” rating to a “buy” rating in a report on Monday, July 14th. Robert W. Baird boosted their target price on Hyatt Hotels from $150.00 to $154.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Hyatt Hotels in a report on Wednesday, October 8th. Truist Financial boosted their target price on Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Finally, Wall Street Zen downgraded Hyatt Hotels from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $156.53.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total transaction of $587,395.00. Following the completion of the sale, the insider owned 16,756 shares in the company, valued at approximately $2,429,620. The trade was a 19.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 23.70% of the company’s stock.

Hyatt Hotels Stock Performance

H stock opened at $138.01 on Thursday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. The company has a 50 day moving average price of $143.87 and a 200 day moving average price of $138.33. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The stock has a market capitalization of $13.18 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 2.54 and a beta of 1.41.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. During the same quarter in the previous year, the company posted $1.53 EPS. Analysts forecast that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

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.