Assetmark Inc. Has $7.46 Million Stock Position in Hyatt Hotels Co. (NYSE:H)

Assetmark Inc. boosted its holdings in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 162.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,041 shares of the company's stock after buying an additional 30,339 shares during the period. Assetmark Inc.'s holdings in Hyatt Hotels were worth $7,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. LRI Investments LLC bought a new stake in Hyatt Hotels during the first quarter worth approximately $26,000. Summit Securities Group LLC bought a new position in Hyatt Hotels in the 2nd quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Hyatt Hotels during the third quarter worth $30,000. Blue Trust Inc. lifted its position in shares of Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company's stock valued at $49,000 after purchasing an additional 213 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Hyatt Hotels by 1,107.1% during the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company's stock valued at $50,000 after acquiring an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 71.02% of the company's stock.

Analysts Set New Price Targets

H has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on shares of Hyatt Hotels from $178.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Bank of America increased their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, October 21st. StockNews.com upgraded Hyatt Hotels from a "sell" rating to a "hold" rating in a report on Monday, November 4th. Truist Financial decreased their target price on shares of Hyatt Hotels from $169.00 to $158.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Finally, Sanford C. Bernstein lowered their target price on shares of Hyatt Hotels from $185.00 to $178.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $151.57.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the sale, the insider now directly owns 623,556 shares in the company, valued at approximately $93,389,982.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.50% of the stock is owned by corporate insiders.

Hyatt Hotels Price Performance

NYSE:H traded up $0.04 on Tuesday, hitting $157.46. The company had a trading volume of 646,287 shares, compared to its average volume of 588,418. The firm has a 50 day moving average of $151.14 and a two-hundred day moving average of $149.00. The stock has a market capitalization of $15.12 billion, a price-to-earnings ratio of 11.86 and a beta of 1.50. Hyatt Hotels Co. has a 52 week low of $107.01 and a 52 week high of $162.24. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. On average, research analysts anticipate that Hyatt Hotels Co. will post 3.85 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels's dividend payout ratio (DPR) is presently 4.52%.

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.