California Public Employees Retirement System Sells 5,440 Shares of Hyatt Hotels Corporation $H

California Public Employees Retirement System cut its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,848 shares of the company’s stock after selling 5,440 shares during the quarter. California Public Employees Retirement System’s holdings in Hyatt Hotels were worth $7,311,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in H. Goldman Sachs Group Inc. lifted its position in Hyatt Hotels by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after purchasing an additional 29,976 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Hyatt Hotels by 8.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock valued at $17,556,000 after purchasing an additional 11,252 shares in the last quarter. Norges Bank bought a new stake in shares of Hyatt Hotels in the 2nd quarter valued at approximately $616,000. Daiwa Securities Group Inc. grew its stake in shares of Hyatt Hotels by 394.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock valued at $2,418,000 after purchasing an additional 13,812 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Hyatt Hotels by 61.0% in the 2nd quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock worth $9,609,000 after buying an additional 26,073 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

H opened at $187.00 on Monday. The company has a fifty day moving average price of $189.25 and a two-hundred day moving average price of $170.10. The firm has a market capitalization of $17.61 billion, a PE ratio of -534.29 and a beta of 1.32. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. Hyatt Hotels Corporation has a 52 week low of $133.51 and a 52 week high of $206.86.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same quarter in the prior year, the firm posted $0.46 earnings per share. As a group, analysts anticipate that Hyatt Hotels Corporation will post 3.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on H. Susquehanna decreased their price target on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Wells Fargo & Company increased their price objective on Hyatt Hotels from $182.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Robert W. Baird lifted their price objective on Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Sanford C. Bernstein upped their price objective on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. increased their target price on Hyatt Hotels from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $198.29.

Insider Activity

In related news, Director Cary D. Mcmillan sold 1,119 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total transaction of $195,780.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan D. Kronick sold 1,119 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total transaction of $195,276.69. Following the completion of the sale, the director owned 31,225 shares of the company’s stock, valued at approximately $5,449,074.75. This represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,224 shares of company stock worth $4,173,605 over the last quarter. 23.60% of the stock is owned by insiders.

Hyatt Hotels Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.