Jacobs Levy Equity Management Inc. Reduces Position in Hyatt Hotels Co. (NYSE:H)

Jacobs Levy Equity Management Inc. lowered its holdings in Hyatt Hotels Co. (NYSE:H) by 3.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,438 shares of the company’s stock after selling 1,127 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Hyatt Hotels were worth $5,018,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. New York State Teachers Retirement System acquired a new position in Hyatt Hotels in the fourth quarter worth about $1,472,000. BNP Paribas Financial Markets increased its holdings in shares of Hyatt Hotels by 165.7% in the 1st quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock valued at $8,601,000 after acquiring an additional 33,603 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Hyatt Hotels by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 55,530 shares of the company’s stock valued at $8,864,000 after acquiring an additional 146 shares in the last quarter. Edgestream Partners L.P. bought a new position in Hyatt Hotels during the first quarter worth $3,413,000. Finally, Duality Advisers LP acquired a new position in Hyatt Hotels in the first quarter worth $1,850,000. Institutional investors and hedge funds own 71.02% of the company’s stock.

Analyst Upgrades and Downgrades

H has been the topic of a number of recent research reports. Susquehanna initiated coverage on shares of Hyatt Hotels in a research report on Friday, June 21st. They issued a “neutral” rating and a $160.00 price target on the stock. Stifel Nicolaus upped their target price on Hyatt Hotels from $146.00 to $154.00 and gave the company a “hold” rating in a report on Thursday, April 11th. Barclays increased their price target on Hyatt Hotels from $153.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Truist Financial reduced their price objective on Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Finally, Mizuho increased their target price on Hyatt Hotels from $195.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $151.19.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock traded down $2.96 during trading on Wednesday, hitting $148.44. The stock had a trading volume of 292,853 shares, compared to its average volume of 587,654. The business has a fifty day moving average of $149.78 and a two-hundred day moving average of $147.59. Hyatt Hotels Co. has a fifty-two week low of $96.77 and a fifty-two week high of $162.24. The firm has a market cap of $15.02 billion, a P/E ratio of 23.51 and a beta of 1.51. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.02). Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the firm earned $0.41 EPS. On average, sell-side analysts expect that Hyatt Hotels Co. will post 3.47 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Wednesday, May 29th. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

Insiders Place Their Bets

In related news, insider Joan Bottarini sold 305 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $148.00, for a total value of $45,140.00. Following the completion of the sale, the insider now owns 15,799 shares of the company’s stock, valued at approximately $2,338,252. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Hyatt Hotels news, insider Joan Bottarini sold 305 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $148.00, for a total transaction of $45,140.00. Following the transaction, the insider now directly owns 15,799 shares in the company, valued at $2,338,252. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The disclosure for this sale can be found here. Corporate insiders own 23.50% of the company’s stock.

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.