Hyatt Hotels Co. (NYSE:H) is Bamco Inc. NY's 9th Largest Position

Bamco Inc. NY increased its position in Hyatt Hotels Co. (NYSE:H - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,550,789 shares of the company's stock after purchasing an additional 67,385 shares during the period. Hyatt Hotels makes up 2.3% of Bamco Inc. NY's investment portfolio, making the stock its 9th largest holding. Bamco Inc. NY owned about 5.78% of Hyatt Hotels worth $871,363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC boosted its stake in shares of Hyatt Hotels by 2.3% in the 3rd quarter. Barclays PLC now owns 45,648 shares of the company's stock worth $6,946,000 after buying an additional 1,032 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Hyatt Hotels during the 3rd quarter valued at approximately $273,000. Synovus Financial Corp increased its stake in shares of Hyatt Hotels by 15.4% during the 3rd quarter. Synovus Financial Corp now owns 3,492 shares of the company's stock worth $531,000 after purchasing an additional 467 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company's stock worth $32,000 after purchasing an additional 175 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Hyatt Hotels by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 1,056 shares of the company's stock valued at $166,000 after purchasing an additional 155 shares during the last quarter. 73.54% of the stock is owned by institutional investors.

Insider Activity at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 10,000 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the sale, the insider now directly owns 9,337 shares of the company's stock, valued at $1,090,561.60. This represents a 51.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, the director now directly owns 37,927 shares of the company's stock, valued at approximately $5,377,290.06. This trade represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,600 shares of company stock worth $1,517,798 in the last 90 days. Company insiders own 23.70% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on H shares. The Goldman Sachs Group increased their price target on Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research note on Friday, May 2nd. Susquehanna raised their price objective on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. StockNews.com cut shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Wells Fargo & Company reduced their price target on Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Finally, Truist Financial lowered their target price on shares of Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $151.17.

Hyatt Hotels Trading Up 1.8 %

H stock traded up $2.16 during trading on Wednesday, hitting $123.72. 1,340,305 shares of the company traded hands, compared to its average volume of 669,772. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. The company has a 50-day moving average of $119.20 and a 200-day moving average of $142.33. The firm has a market capitalization of $11.90 billion, a PE ratio of 9.95 and a beta of 1.36. Hyatt Hotels Co. has a 1 year low of $102.43 and a 1 year high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.16. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period in the prior year, the business posted $0.71 EPS. Analysts predict that Hyatt Hotels Co. 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 will be paid on Wednesday, June 11th. Investors of record on Thursday, May 29th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.48%. Hyatt Hotels's payout ratio is presently 7.79%.

Hyatt Hotels Company 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.