Assetmark Inc. Grows Stock 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 Securities & Exchange Commission. The institutional investor owned 63,525 shares of the company’s stock after acquiring an additional 14,484 shares during the quarter. Assetmark Inc. owned 0.07% of Hyatt Hotels worth $9,972,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Hyatt Hotels by 18.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,035 shares of the company’s stock worth $310,000 after purchasing an additional 321 shares during the period. Nisa Investment Advisors LLC raised its stake in Hyatt Hotels by 21.6% during the third quarter. Nisa Investment Advisors LLC now owns 620 shares of the company’s stock worth $94,000 after acquiring an additional 110 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Hyatt Hotels by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock worth $2,365,000 after acquiring an additional 66 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in Hyatt Hotels by 7.3% in the third quarter. Bridges Investment Management Inc. now owns 4,242 shares of the company’s stock valued at $646,000 after acquiring an additional 287 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Hyatt Hotels by 18.9% during the third quarter. Crossmark Global Holdings Inc. now owns 3,917 shares of the company’s stock valued at $596,000 after purchasing an additional 622 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Insider Activity

In other news, Director Susan D. Kronick sold 1,600 shares of the 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 transaction, the director now owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This represents a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $135.86 on Friday. The firm has a 50 day simple moving average of $151.92 and a 200 day simple moving average of $152.67. Hyatt Hotels Co. has a fifty-two week low of $128.91 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $13.06 billion, a P/E ratio of 10.92 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share 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 previous year, the firm earned $0.64 EPS. Sell-side analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.44%. Hyatt Hotels’s payout ratio is presently 4.82%.

Analysts Set New Price Targets

A number of analysts recently weighed in on H shares. 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 report on Wednesday. The Goldman Sachs Group dropped their price target on shares of Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating on the stock in a research note on Thursday. Jefferies Financial Group lifted their price target on Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. StockNews.com lowered Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Finally, Wells Fargo & Company cut their target price on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus price target of $162.24.

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.