Bamco Inc. NY Acquires 161,461 Shares of Hyatt Hotels Corporation $H

Bamco Inc. NY lifted its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,116,673 shares of the company’s stock after buying an additional 161,461 shares during the period. Hyatt Hotels comprises 2.3% of Bamco Inc. NY’s investment portfolio, making the stock its 8th biggest holding. Bamco Inc. NY owned approximately 0.06% of Hyatt Hotels worth $868,139,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after acquiring an additional 843,121 shares during the period. Veritas Asset Management LLP acquired a new stake in Hyatt Hotels in the third quarter valued at $29,067,000. JPMorgan Chase & Co. boosted its position in shares of Hyatt Hotels by 17.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock worth $20,911,000 after purchasing an additional 22,071 shares in the last quarter. Davidson Investment Advisors acquired a new position in shares of Hyatt Hotels during the 3rd quarter worth $9,990,000. Finally, Assetmark Inc. grew its stake in shares of Hyatt Hotels by 4.4% during the 3rd quarter. Assetmark Inc. now owns 80,300 shares of the company’s stock worth $11,397,000 after purchasing an additional 3,387 shares during the period. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the completion of the transaction, the insider owned 2,684 shares of the company’s stock, valued at approximately $445,195.08. This trade represents a 78.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 23.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on H. Evercore reiterated an “in-line” rating and issued a $175.00 price objective (up from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Wells Fargo & Company increased their target price on shares of Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Barclays upped their price target on Hyatt Hotels from $198.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Finally, Stifel Nicolaus raised their price objective on Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a research note on Wednesday, December 31st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Moderate Buy” and a consensus price target of $175.80.

Hyatt Hotels Stock Performance

Shares of H opened at $139.38 on Friday. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month high of $180.53. The stock has a market cap of $13.17 billion, a P/E ratio of -248.89, a PEG ratio of 1.72 and a beta of 1.22. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The company has a 50-day moving average of $162.35 and a two-hundred day moving average of $154.93.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the business earned $0.42 earnings per share. As a group, research analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio is -107.14%.

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.