Gotham Asset Management LLC Acquires 8,637 Shares of Hyatt Hotels Co. (NYSE:H)

Gotham Asset Management LLC boosted its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,323 shares of the company’s stock after acquiring an additional 8,637 shares during the period. Gotham Asset Management LLC’s holdings in Hyatt Hotels were worth $11,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new position in Hyatt Hotels in the fourth quarter valued at approximately $26,000. UMB Bank n.a. lifted its stake in Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after buying an additional 104 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in 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 in the last quarter. Fifth Third Bancorp lifted its stake in Hyatt Hotels by 31.9% in the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after buying an additional 113 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Hyatt Hotels by 78.8% in the fourth quarter. Blue Trust Inc. now owns 581 shares of the company’s stock valued at $88,000 after buying an additional 256 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

H has been the topic of a number of research reports. Barclays boosted their price target on Hyatt Hotels from $122.00 to $127.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Evercore ISI cut their price target on Hyatt Hotels from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Mizuho cut their price target on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Susquehanna boosted their price target on Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Finally, Morgan Stanley cut their price objective on shares of Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $151.17.

Insider Buying and Selling

In related news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels 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 sale, the director now directly owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. The trade was a 4.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the sale, the insider now directly owns 9,337 shares in the company, valued at $1,090,561.60. This trade represents a 51.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,600 shares of company stock valued at $1,517,798. 23.70% of the stock is owned by company insiders.

Hyatt Hotels Stock Performance

NYSE H opened at $127.10 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm’s fifty day moving average price is $118.74 and its two-hundred day moving average price is $141.85. Hyatt Hotels Co. has a 1 year low of $102.43 and a 1 year high of $168.20. The firm has a market capitalization of $12.22 billion, a P/E ratio of 10.22 and a beta of 1.36.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.16. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 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 company earned $0.71 earnings per share. As a group, research analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Thursday, May 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Thursday, May 29th. Hyatt Hotels’s dividend payout ratio is 7.79%.

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.