Assetmark Inc. Reduces Holdings in Hyatt Hotels Corporation (NYSE:H)

Assetmark Inc. cut its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 46.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,148 shares of the company's stock after selling 29,377 shares during the quarter. Assetmark Inc.'s holdings in Hyatt Hotels were worth $4,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Bernard Wealth Management Corp. bought a new position in shares of Hyatt Hotels during the fourth quarter valued at approximately $26,000. UMB Bank n.a. raised its holdings in shares of Hyatt Hotels by 138.8% during the first quarter. UMB Bank n.a. now owns 499 shares of the company's stock valued at $61,000 after acquiring an additional 290 shares in the last quarter. Allstate Corp bought a new position in shares of Hyatt Hotels during the fourth quarter valued at approximately $221,000. Aster Capital Management DIFC Ltd raised its holdings in shares of Hyatt Hotels by 120.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,518 shares of the company's stock valued at $238,000 after acquiring an additional 829 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp raised its holdings in shares of Hyatt Hotels by 20.6% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 1,849 shares of the company's stock valued at $290,000 after acquiring an additional 316 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Truist Financial decreased their target price on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Morgan Stanley decreased their target price on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Melius Research raised Hyatt Hotels to a "strong-buy" rating in a research report on Monday, April 21st. Barclays increased their target price on Hyatt Hotels from $122.00 to $127.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, Robert W. Baird increased their target price on Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $150.74.

Hyatt Hotels Stock Performance

Shares of H opened at $147.92 on Tuesday. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 2.73 and a beta of 1.42. The business's fifty day simple moving average is $138.74 and its two-hundred day simple moving average is $134.95. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.16. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. During the same quarter last year, the company earned $0.71 EPS. Research analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, May 29th. Hyatt Hotels's payout ratio is 7.79%.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Jnp Parachute Mirror Trust L sold 53,361 shares of Hyatt Hotels stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $7,083,672.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Udell sold 3,891 shares of Hyatt Hotels stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $134.03, for a total value of $521,510.73. Following the completion of the sale, the insider directly owned 16,756 shares of the company's stock, valued at $2,245,806.68. The trade was a 18.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 371,111 shares of company stock worth $49,273,516. 23.70% of the stock is owned by corporate insiders.

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.

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