California Public Employees Retirement System Has $6.35 Million Stake in Hyatt Hotels Co. (H)

California Public Employees Retirement System grew its position in shares of Hyatt Hotels Co. (NYSE:H) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,716 shares of the company’s stock after buying an additional 4,816 shares during the quarter. California Public Employees Retirement System owned 0.08% of Hyatt Hotels worth $6,347,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Bamco Inc. NY grew its stake in Hyatt Hotels by 0.4% in the 3rd quarter. Bamco Inc. NY now owns 4,456,997 shares of the company’s stock valued at $275,398,000 after buying an additional 17,660 shares in the last quarter. Highbridge Capital Management LLC grew its stake in Hyatt Hotels by 483.4% in the 3rd quarter. Highbridge Capital Management LLC now owns 62,129 shares of the company’s stock valued at $3,839,000 after buying an additional 51,479 shares in the last quarter. Jane Street Group LLC grew its stake in Hyatt Hotels by 585.1% in the 3rd quarter. Jane Street Group LLC now owns 34,723 shares of the company’s stock valued at $2,146,000 after buying an additional 29,655 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in Hyatt Hotels by 236.9% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 102,783 shares of the company’s stock valued at $6,350,000 after buying an additional 72,273 shares in the last quarter. Finally, Gruss Capital Management LP grew its stake in Hyatt Hotels by 316.1% in the 3rd quarter. Gruss Capital Management LP now owns 645,000 shares of the company’s stock valued at $39,855,000 after buying an additional 490,000 shares in the last quarter. 38.79% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Stephen G. Haggerty sold 7,117 shares of the firm’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $61.60, for a total transaction of $438,407.20. Following the sale, the insider now directly owns 57,326 shares in the company, valued at approximately $3,531,281.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Elsinore Trust sold 157,476 shares of the firm’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $61.48, for a total transaction of $9,681,624.48. Following the sale, the insider now owns 32,125 shares in the company, valued at $1,975,045. The disclosure for this sale can be found here. Insiders have sold a total of 986,001 shares of company stock worth $67,260,348 over the last 90 days. Insiders own 27.51% of the company’s stock.

A number of research firms have recently commented on H. Raymond James Financial upgraded shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $82.00 price target for the company in a research report on Monday. Robert W. Baird restated a “buy” rating and set a $84.00 price target on shares of Hyatt Hotels in a research report on Tuesday. Wolfe Research upgraded shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 21st. B. Riley lowered shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Monday, November 6th. Finally, Wells Fargo & Co upgraded shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Hyatt Hotels currently has a consensus rating of “Buy” and a consensus target price of $73.85.

Shares of Hyatt Hotels Co. (NYSE H) opened at $78.42 on Friday. Hyatt Hotels Co. has a fifty-two week low of $50.21 and a fifty-two week high of $78.46. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The firm has a market cap of $9,140.00, a PE ratio of 47.24, a price-to-earnings-growth ratio of 12.80 and a beta of 1.25.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.09. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. equities analysts expect that Hyatt Hotels Co. will post 1.73 EPS for the current year.

Hyatt Hotels declared that its Board of Directors has approved a share repurchase program on Thursday, December 14th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

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Hyatt Hotels Company Profile

Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).

Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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