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

Bamco Inc. NY increased its holdings in Hyatt Hotels Co. (NYSE:H) by 1.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,483,404 shares of the company’s stock after buying an additional 68,608 shares during the period. Hyatt Hotels comprises approximately 2.2% of Bamco Inc. NY’s investment portfolio, making the stock its 10th biggest holding. Bamco Inc. NY owned about 5.71% of Hyatt Hotels worth $834,574,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of Hyatt Hotels by 17.6% during the second quarter. GAMMA Investing LLC now owns 767 shares of the company’s stock worth $117,000 after buying an additional 115 shares during the period. DNB Asset Management AS boosted its holdings in Hyatt Hotels by 4.4% in the 2nd quarter. DNB Asset Management AS now owns 6,651 shares of the company’s stock valued at $1,010,000 after purchasing an additional 278 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Hyatt Hotels in the second quarter valued at approximately $56,000. Park Avenue Securities LLC grew its holdings in shares of Hyatt Hotels by 6.8% during the 2nd quarter. Park Avenue Securities LLC now owns 3,866 shares of the company’s stock worth $587,000 after purchasing an additional 246 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in Hyatt Hotels by 12.4% during the second quarter. QRG Capital Management Inc. now owns 17,712 shares of the company’s stock worth $2,691,000 after buying an additional 1,947 shares during the period. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on H shares. Wells Fargo & Company lowered their price target on Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. HSBC cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price objective for the company. in a research report on Friday, November 1st. Macquarie dropped their price target on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Bank of America raised their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $151.88.

Insiders Place Their Bets

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

Hyatt Hotels Stock Up 1.2 %

H opened at $157.94 on Monday. Hyatt Hotels Co. has a one year low of $112.85 and a one year high of $162.24. The company has a market cap 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 is $153.60 and its two-hundred day moving average is $149.57. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the company posted $0.70 EPS. Analysts anticipate that Hyatt Hotels Co. will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid 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 is Friday, November 22nd. Hyatt Hotels’s payout ratio is 4.52%.

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.