Bamco Inc. NY lowered its holdings in Hyatt Hotels Corporation (NYSE:H – Free Report) by 0.2% during the fourth quarter, Holdings Channel reports. The fund owned 6,106,485 shares of the company’s stock after selling 10,188 shares during the quarter. Hyatt Hotels makes up 2.7% of Bamco Inc. NY’s holdings, making the stock its 8th largest holding. Bamco Inc. NY owned approximately 0.06% of Hyatt Hotels worth $978,992,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in H. Allspring Global Investments Holdings LLC boosted its holdings in Hyatt Hotels by 14.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company’s stock worth $41,083,000 after buying an additional 32,048 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Hyatt Hotels by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock worth $20,911,000 after buying an additional 22,071 shares in the last quarter. Truist Financial Corp boosted its holdings in Hyatt Hotels by 970.8% during the fourth quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock worth $2,970,000 after buying an additional 16,794 shares in the last quarter. Candlestick Capital Management LP boosted its holdings in Hyatt Hotels by 53.9% during the third quarter. Candlestick Capital Management LP now owns 631,290 shares of the company’s stock worth $89,599,000 after buying an additional 221,039 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Hyatt Hotels by 622.8% during the third quarter. Citigroup Inc. now owns 197,309 shares of the company’s stock worth $28,004,000 after buying an additional 170,013 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.
Insider Activity
In related news, Director Cary D. Mcmillan sold 1,119 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $174.96, for a total transaction of $195,780.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Udell sold 2,087 shares of Hyatt Hotels stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total transaction of $392,356.00. Following the sale, the insider owned 16,638 shares of the company’s stock, valued at approximately $3,127,944. This represents a 11.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 237,058 shares of company stock valued at $40,036,071 in the last quarter. Insiders own 23.60% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on H
Hyatt Hotels Stock Performance
NYSE:H opened at $202.19 on Thursday. The company’s 50-day moving average price is $174.06 and its 200-day moving average price is $164.33. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The company has a market cap of $19.04 billion, a P/E ratio of -577.68 and a beta of 1.33. Hyatt Hotels Corporation has a twelve month low of $127.59 and a twelve month high of $206.49.
Hyatt Hotels (NYSE:H – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same period last year, the firm posted $0.46 earnings per share. On average, sell-side analysts forecast that Hyatt Hotels Corporation will post 3.58 earnings per share for the current fiscal year.
Hyatt Hotels Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 29th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is currently -171.43%.
Hyatt Hotels Profile
Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.
Hyatt’s business model combines property ownership, management contracts and third-party franchising.
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