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

Bamco Inc. NY grew its stake in Hyatt Hotels Corporation (NYSE:H) by 2.7% in the 3rd 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 accounts for 2.3% of Bamco Inc. NY’s investment portfolio, making the stock its 8th largest holding. Bamco Inc. NY owned about 6.44% of Hyatt Hotels worth $868,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Johnson Financial Group Inc. lifted its position in Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after acquiring an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Hyatt Hotels by 98.2% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after purchasing an additional 107 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Hyatt Hotels during the third quarter worth about $34,000. MAI Capital Management increased its position in shares of Hyatt Hotels by 53.4% during the second quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after purchasing an additional 94 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Hyatt Hotels by 66.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 274 shares of the company’s stock valued at $40,000 after purchasing an additional 109 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hyatt Hotels

In other news, insider Javier Aguila sold 9,548 shares of Hyatt Hotels stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total value of $1,583,726.76. Following the sale, the insider owned 2,684 shares of the company’s stock, valued at $445,195.08. The trade was a 78.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 23.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Evercore restated an “in-line” rating and set a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $188.00 price objective on shares of Hyatt Hotels in a research note on Friday, January 2nd. Citigroup raised their target price on shares of Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Mizuho lifted their target price on shares of Hyatt Hotels from $203.00 to $223.00 and gave the company an “outperform” rating in a report on Tuesday, January 13th. Finally, Robert W. Baird upped their price target on shares of Hyatt Hotels from $154.00 to $156.00 and gave the company a “neutral” rating in a research report on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $175.80.

Hyatt Hotels Stock Down 2.9%

Hyatt Hotels stock opened at $139.38 on Friday. The stock has a 50 day moving average of $162.35 and a two-hundred day moving average of $154.93. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $180.53. The stock has a market capitalization of $13.17 billion, a price-to-earnings 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.

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

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 2nd. Hyatt Hotels’s dividend payout ratio (DPR) is -107.14%.

About Hyatt Hotels

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.