Bamco Inc. NY Has $831.65 Million Stock Holdings in Hyatt Hotels Corporation $H

Bamco Inc. NY raised its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,955,212 shares of the company’s stock after purchasing an additional 166,249 shares during the quarter. Hyatt Hotels accounts for 2.3% of Bamco Inc. NY’s portfolio, making the stock its 11th largest holding. Bamco Inc. NY owned approximately 6.24% of Hyatt Hotels worth $831,645,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of H. Atria Investments Inc grew its position in Hyatt Hotels by 4.1% in the second quarter. Atria Investments Inc now owns 2,063 shares of the company’s stock valued at $288,000 after acquiring an additional 81 shares during the period. CW Advisors LLC boosted its stake in shares of Hyatt Hotels by 4.1% in the 2nd quarter. CW Advisors LLC now owns 2,362 shares of the company’s stock valued at $330,000 after purchasing an additional 93 shares in the last quarter. MAI Capital Management increased its position in shares of Hyatt Hotels by 53.4% during the 2nd 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. Fifth Third Bancorp lifted its holdings in Hyatt Hotels by 33.2% during the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock valued at $54,000 after purchasing an additional 96 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in Hyatt Hotels by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 39,914 shares of the company’s stock valued at $5,574,000 after buying an additional 100 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Peter Sears sold 12,394 shares of Hyatt Hotels stock in a transaction on Monday, November 10th. The stock was sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the sale, the insider directly owned 5,594 shares of the company’s stock, valued at $869,922.94. The trade was a 68.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Udell sold 4,300 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total value of $713,800.00. Following the completion of the sale, the insider owned 13,746 shares of the company’s stock, valued at $2,281,836. This represents a 23.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,835 shares of company stock valued at $3,737,955 in the last quarter. Corporate insiders own 23.70% of the company’s stock.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $161.47 on Friday. The business’s 50-day simple moving average is $151.28 and its 200 day simple moving average is $144.53. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.47. The stock has a market cap of $15.33 billion, a price-to-earnings ratio of -173.63, a P/E/G ratio of 4.04 and a beta of 1.29. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month high of $168.10.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, research analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is presently -64.52%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup raised shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $138.00 to $167.00 in a report on Tuesday, September 9th. Truist Financial raised their price target on Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Wells Fargo & Company assumed coverage on Hyatt Hotels in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $154.00 price objective on the stock. Stifel Nicolaus increased their target price on Hyatt Hotels from $155.00 to $158.00 and gave the stock a “hold” rating in a report on Monday, November 10th. Finally, Wall Street Zen cut Hyatt Hotels from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and an average price target of $158.93.

Hyatt Hotels 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.