New York State Common Retirement Fund Sells 3,500 Shares of Hyatt Hotels Co. (NYSE:H)

New York State Common Retirement Fund lowered its holdings in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,645 shares of the company's stock after selling 3,500 shares during the period. New York State Common Retirement Fund owned about 0.13% of Hyatt Hotels worth $19,410,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Creative Planning boosted its stake in shares of Hyatt Hotels by 7.1% during the 3rd quarter. Creative Planning now owns 4,544 shares of the company's stock valued at $692,000 after buying an additional 300 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company's stock valued at $49,000 after acquiring an additional 213 shares during the period. Raymond James & Associates boosted its stake in Hyatt Hotels by 1.0% during the third quarter. Raymond James & Associates now owns 69,453 shares of the company's stock valued at $10,571,000 after buying an additional 666 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Hyatt Hotels during the third quarter worth approximately $514,000. Finally, Greenleaf Trust boosted its position in shares of Hyatt Hotels by 6.6% in the third quarter. Greenleaf Trust now owns 1,818 shares of the company's stock worth $277,000 after buying an additional 113 shares during the period. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Trading Up 1.4 %

Shares of Hyatt Hotels stock traded up $1.89 during trading on Wednesday, reaching $140.46. 204,770 shares of the company were exchanged, compared to its average volume of 686,239. The firm has a market capitalization of $13.51 billion, a price-to-earnings ratio of 11.27 and a beta of 1.48. Hyatt Hotels Co. has a twelve month low of $128.91 and a twelve month high of $168.20. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average price of $154.45 and a 200-day moving average price of $152.84.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Sell-side analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be issued a $0.15 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.43%. Hyatt Hotels's payout ratio is currently 4.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on H shares. StockNews.com lowered shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. JPMorgan Chase & Co. increased their target price on Hyatt Hotels from $163.00 to $168.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Hsbc Global Res upgraded Hyatt Hotels to a "hold" rating in a report on Friday, November 1st. Barclays reduced their target price on Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Finally, Wells Fargo & Company dropped their price target on Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of "Hold" and a consensus price target of $162.55.

About Hyatt Hotels

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.