Bamco Inc. NY Purchases 68,608 Shares of Hyatt Hotels Co. (NYSE:H)

Bamco Inc. NY lifted its stake in Hyatt Hotels Co. (NYSE:H - Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,483,404 shares of the company's stock after acquiring an additional 68,608 shares during the quarter. Hyatt Hotels accounts for 2.2% of Bamco Inc. NY's investment portfolio, making the stock its 10th largest position. Bamco Inc. NY owned 5.71% of Hyatt Hotels worth $834,574,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Andra AP fonden grew its stake in shares of Hyatt Hotels by 51.2% during the second quarter. Andra AP fonden now owns 35,400 shares of the company's stock worth $5,378,000 after purchasing an additional 11,994 shares in the last quarter. III Capital Management purchased a new stake in Hyatt Hotels during the 2nd quarter worth about $871,000. Assetmark Inc. boosted its position in shares of Hyatt Hotels by 162.2% during the 3rd quarter. Assetmark Inc. now owns 49,041 shares of the company's stock worth $7,464,000 after acquiring an additional 30,339 shares in the last quarter. Icon Wealth Advisors LLC increased its holdings in shares of Hyatt Hotels by 17,641.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company's stock valued at $20,009,000 after acquiring an additional 130,724 shares during the last quarter. Finally, Bridges Investment Management Inc. acquired a new stake in shares of Hyatt Hotels during the 2nd quarter worth about $601,000. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Hyatt Hotels from $145.50 to $157.50 and gave the company a "hold" rating in a research report on Tuesday, November 26th. Susquehanna dropped their target price on Hyatt Hotels from $160.00 to $150.00 and set a "neutral" rating on the stock in a report on Wednesday, August 14th. Evercore ISI lifted their price objective on Hyatt Hotels from $145.00 to $155.00 and gave the company an "in-line" rating in a report on Monday, October 21st. The Goldman Sachs Group started coverage on Hyatt Hotels in a research note on Wednesday, September 18th. They set a "neutral" rating and a $151.00 target price for the company. Finally, StockNews.com upgraded Hyatt Hotels from a "sell" rating to a "hold" rating in a research note on Monday, November 4th. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $151.88.

Insider Buying and Selling

In related news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the transaction, the insider now owns 5,798 shares in the company, valued at $927,622.02. This trade represents a 39.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.50% of the stock is owned by corporate insiders.

Hyatt Hotels Stock Performance

H traded down $1.43 during trading on Monday, reaching $156.51. 220,364 shares of the company were exchanged, compared to its average volume of 580,048. 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 Co. has a 52 week low of $116.20 and a 52 week high of $162.24. The firm has a 50 day moving average of $153.60 and a 200 day moving average of $149.57. The stock has a market cap of $15.03 billion, a P/E ratio of 11.90 and a beta of 1.50.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the company posted $0.70 EPS. On average, sell-side analysts forecast that Hyatt Hotels Co. will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

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.