AMG National Trust Bank Trims Position in Hyatt Hotels Corporation $H

Key Points

• AMG National Trust Bank cut its stake in Hyatt by 46.2% in Q4, selling 16,000 shares and ending the period with 18,642 shares worth about $2.99 million.
• Heavy insider selling: Jnp 2010-Pg Trust sold 213,434 shares for roughly $35.8 million, and insiders have sold 214,234 shares (~$35.9M) in the last 90 days, leaving insiders with 23.6% ownership.
• Hyatt beat Q4 EPS expectations ($1.33 vs. $0.29) with revenue roughly in line, and analysts have a consensus rating of Moderate Buy with a $181.47 target while the stock yields about 0.4%.

AMG National Trust Bank lessened its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,642 shares of the company's stock after selling 16,000 shares during the period. AMG National Trust Bank's holdings in Hyatt Hotels were worth $2,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of H. Johnson Financial Group Inc. raised its holdings in shares of Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company's stock worth $25,000 after acquiring an additional 144 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Hyatt Hotels by 98.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company's stock worth $31,000 after acquiring an additional 107 shares during the period. Quent Capital LLC purchased a new position in shares of Hyatt Hotels during the 3rd quarter worth $34,000. Ares Financial Consulting LLC purchased a new position in shares of Hyatt Hotels during the 4th quarter worth $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Hyatt Hotels in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 73.54% of the company's stock.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $162.15 on Wednesday. Hyatt Hotels Corporation has a one year low of $108.24 and a one year high of $180.53. The company has a market cap of $15.32 billion, a PE ratio of -289.56, a P/E/G ratio of 1.97 and a beta of 1.28. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. The business has a 50-day simple moving average of $155.46 and a 200-day simple moving average of $157.20.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $1.04. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.78 billion. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.During the same period in the previous year, the company posted $0.42 earnings per share. On average, equities research analysts forecast that Hyatt Hotels Corporation will post 3.13 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Hyatt Hotels's dividend payout ratio is -107.14%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on H. Sanford C. Bernstein restated an "outperform" rating and issued a $188.00 price objective on shares of Hyatt Hotels in a report on Friday, January 2nd. Evercore restated an "in-line" rating and issued a $175.00 price objective (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Hyatt Hotels from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. JPMorgan Chase & Co. boosted their price objective on shares of Hyatt Hotels from $178.00 to $179.00 and gave the company an "overweight" rating in a report on Tuesday, February 3rd. Finally, Stifel Nicolaus boosted their price objective on shares of Hyatt Hotels from $158.00 to $164.00 and gave the company a "hold" rating in a report on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $181.47.

Insider Buying and Selling

In related news, insider Jnp 2010-Pg Trust sold 213,434 shares of the company's stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $167.75, for a total value of $35,803,553.50. Following the completion of the transaction, the insider directly owned 213,434 shares of the company's stock, valued at $35,803,553.50. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kinsey Wolf sold 400 shares of the company's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $147.28, for a total value of $58,912.00. Following the completion of the transaction, the insider directly owned 545 shares of the company's stock, valued at $80,267.60. This trade represents a 42.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 214,234 shares of company stock valued at $35,920,202 over the last ninety days. 23.60% of the stock is currently owned by corporate insiders.

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.

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