Assetmark Inc. Has $9.97 Million Position in Hyatt Hotels Co. (NYSE:H)

Assetmark Inc. raised its position in Hyatt Hotels Co. (NYSE:H) by 29.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,525 shares of the company’s stock after purchasing an additional 14,484 shares during the period. Assetmark Inc.’s holdings in Hyatt Hotels were worth $9,972,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock valued at $32,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. raised its holdings in Hyatt Hotels by 99.0% during the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after buying an additional 104 shares during the period. iA Global Asset Management Inc. bought a new position in Hyatt Hotels in the third quarter valued at approximately $51,000. Venturi Wealth Management LLC boosted its holdings in shares of Hyatt Hotels by 750.0% in the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after buying an additional 300 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of Hyatt Hotels by 31.9% during the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock worth $73,000 after acquiring an additional 113 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

Insider Transactions at Hyatt Hotels

In other news, Director Susan D. Kronick sold 1,600 shares of the firm’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of H stock opened at $135.86 on Friday. Hyatt Hotels Co. has a 52 week low of $128.91 and a 52 week high of $168.20. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 10.92 and a beta of 1.51. The company has a 50-day simple moving average of $151.92 and a 200 day simple moving average of $152.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter in the prior year, the firm earned $0.64 EPS. On average, sell-side analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

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

Wall Street Analysts Forecast Growth

H has been the topic of several research reports. Evercore ISI raised shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research report on Wednesday. Robert W. Baird reduced their price objective on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Susquehanna lifted their target price on Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Morgan Stanley reduced their price target on Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group lifted their price objective on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $162.24.

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.