Bamco Inc. NY lessened its stake in shares of Hyatt Hotels Co. (NYSE:H – Get Rating) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,159,866 shares of the company’s stock after selling 99,744 shares during the period. Hyatt Hotels comprises about 1.6% of Bamco Inc. NY’s portfolio, making the stock its 15th largest holding. Bamco Inc. NY owned 4.82% of Hyatt Hotels worth $466,710,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Captrust Financial Advisors raised its stake in Hyatt Hotels by 136.4% during the 1st quarter. Captrust Financial Advisors now owns 487 shares of the company’s stock valued at $46,000 after purchasing an additional 281 shares during the period. Castleview Partners LLC acquired a new stake in Hyatt Hotels during the 4th quarter valued at $60,000. Signaturefd LLC raised its stake in Hyatt Hotels by 121.1% during the 4th quarter. Signaturefd LLC now owns 858 shares of the company’s stock valued at $78,000 after purchasing an additional 470 shares during the period. Heritage Wealth Management LLC raised its stake in Hyatt Hotels by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 1,002 shares of the company’s stock valued at $91,000 after purchasing an additional 501 shares during the period. Finally, MetLife Investment Management LLC acquired a new stake in Hyatt Hotels during the 1st quarter valued at $94,000. Institutional investors and hedge funds own 46.89% of the company’s stock.
Insider Buying and Selling at Hyatt Hotels
In related news, insider Mark R. Vondrasek sold 12,119 shares of the stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $109.08, for a total value of $1,321,940.52. Following the completion of the sale, the insider now owns 10,817 shares in the company, valued at $1,179,918.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider H. Charles Floyd sold 6,000 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $114.00, for a total value of $684,000.00. Following the completion of the sale, the insider now owns 32,927 shares in the company, valued at $3,753,678. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark R. Vondrasek sold 12,119 shares of the stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $109.08, for a total transaction of $1,321,940.52. Following the completion of the sale, the insider now owns 10,817 shares of the company’s stock, valued at approximately $1,179,918.36. The disclosure for this sale can be found here. Insiders sold 27,497 shares of company stock worth $3,043,054 over the last ninety days. Company insiders own 22.15% of the company’s stock.
Hyatt Hotels Stock Up 0.3 %
Hyatt Hotels (NYSE:H – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). Hyatt Hotels had a net margin of 9.31% and a return on equity of 12.34%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the company earned ($0.33) earnings per share. As a group, equities research analysts anticipate that Hyatt Hotels Co. will post 2.65 EPS for the current year.
Hyatt Hotels Dividend Announcement
The company also recently declared a — dividend, which was paid on Monday, June 12th. Shareholders of record on Tuesday, May 30th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, May 26th. Hyatt Hotels’s dividend payout ratio (DPR) is 11.28%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on H. Morgan Stanley upped their price target on shares of Hyatt Hotels from $139.00 to $142.00 in a research note on Friday, May 12th. Truist Financial upped their price target on shares of Hyatt Hotels from $132.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 21st. Barclays downgraded shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $130.00 to $125.00 in a research note on Thursday, March 9th. StockNews.com began coverage on shares of Hyatt Hotels in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, TheStreet raised shares of Hyatt Hotels from a “c” rating to a “b” rating in a research note on Monday, March 20th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.88.
About Hyatt Hotels
Hyatt Hotels Corp. engages in the development and management of resort and hotel chains. It operates through the following segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group. The Owned and Leased Hotels segment offers hospitality services and hotels.
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