Hyatt Hotels Co. (NYSE:H) Stake Lifted by Bamco Inc. NY

Bamco Inc. NY lifted its position in shares of Hyatt Hotels Co. (NYSE:H) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,483,404 shares of the company’s stock after purchasing an additional 68,608 shares during the period. Hyatt Hotels comprises 2.2% of Bamco Inc. NY’s portfolio, making the stock its 10th largest position. Bamco Inc. NY owned 0.06% of Hyatt Hotels worth $834,574,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Hyatt Hotels by 6.5% in the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after buying an additional 162,562 shares during the last quarter. Fiera Capital Corp increased its holdings in shares of Hyatt Hotels by 1.2% during the second quarter. Fiera Capital Corp now owns 574,045 shares of the company’s stock valued at $87,209,000 after purchasing an additional 6,896 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Hyatt Hotels by 10.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company’s stock worth $73,822,000 after buying an additional 46,574 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Hyatt Hotels by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company’s stock worth $71,371,000 after purchasing an additional 20,997 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Hyatt Hotels by 9.0% in the third quarter. Handelsbanken Fonder AB now owns 354,900 shares of the company’s stock valued at $54,016,000 after buying an additional 29,300 shares during the period. 71.02% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Performance

Shares of NYSE:H opened at $157.94 on Monday. Hyatt Hotels Co. has a fifty-two week low of $112.85 and a fifty-two week high of $162.24. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of 11.90 and a beta of 1.50. The business’s fifty day moving average price is $153.60 and its two-hundred day moving average price is $149.57. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same quarter in the prior year, the company earned $0.70 EPS. As a group, analysts predict that Hyatt Hotels Co. will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is 4.52%.

Insiders Place Their Bets

In related news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares in the company, valued at $927,622.02. This represents a 39.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 23.50% of the company’s stock.

Analysts Set New Price Targets

H has been the subject of several recent research reports. Sanford C. Bernstein cut their target price on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Macquarie cut their price objective on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, November 1st. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a research note on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 target price for the company. Bank of America boosted their target price on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, HSBC lowered Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a report on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $151.88.

Hyatt Hotels Company 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.