Assetmark Inc. Acquires 14,484 Shares of Hyatt Hotels Co. (NYSE:H)

Assetmark Inc. grew its position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) by 29.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,525 shares of the company's stock after purchasing an additional 14,484 shares during the period. Assetmark Inc. owned approximately 0.07% of Hyatt Hotels worth $9,972,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in H. Bamco Inc. NY lifted its stake in Hyatt Hotels by 1.3% in the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company's stock valued at $834,574,000 after buying an additional 68,608 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Hyatt Hotels by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company's stock valued at $422,960,000 after buying an additional 46,413 shares during the last quarter. Wellington Management Group LLP lifted its stake in Hyatt Hotels by 3.3% in the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company's stock valued at $267,192,000 after buying an additional 56,082 shares during the last quarter. State Street Corp lifted its stake in Hyatt Hotels by 0.4% in the third quarter. State Street Corp now owns 1,441,148 shares of the company's stock valued at $219,343,000 after buying an additional 6,007 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Hyatt Hotels by 1.0% during the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company's stock valued at $114,214,000 after purchasing an additional 7,440 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently weighed in on H shares. StockNews.com cut shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Truist Financial boosted their price target on shares of Hyatt Hotels from $158.00 to $163.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Evercore ISI upgraded shares of Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 price target on the stock in a research report on Wednesday. Jefferies Financial Group boosted their price objective on Hyatt Hotels from $150.00 to $176.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Finally, Macquarie cut their price objective on Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Hyatt Hotels currently has an average rating of "Hold" and a consensus price target of $162.24.

Insiders Place Their Bets

In other news, Director Susan D. Kronick sold 1,600 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, the director now directly owns 37,927 shares in the company, valued at approximately $5,377,290.06. This trade represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 23.50% of the company's stock.

Hyatt Hotels Stock Performance

Shares of H traded down $1.17 during mid-day trading on Friday, hitting $135.86. The company's stock had a trading volume of 1,256,792 shares, compared to its average volume of 708,095. Hyatt Hotels Co. has a one year low of $128.91 and a one year high of $168.20. 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 firm has a market capitalization of $13.06 billion, a PE ratio of 10.92 and a beta of 1.51. The stock's 50-day moving average is $151.47 and its two-hundred day moving average is $152.66.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 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 company posted $0.64 earnings per share. As a group, sell-side analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.44%. Hyatt Hotels's dividend payout ratio is currently 4.82%.

About Hyatt Hotels

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.