AMG National Trust Bank Grows Stock Holdings in Hyatt Hotels Co. (NYSE:H)

AMG National Trust Bank raised its stake in shares of Hyatt Hotels Co. (NYSE:H) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,883 shares of the company’s stock after acquiring an additional 241 shares during the period. AMG National Trust Bank owned approximately 0.05% of Hyatt Hotels worth $7,744,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its position in Hyatt Hotels by 0.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock worth $2,365,000 after purchasing an additional 66 shares during the period. O Shaughnessy Asset Management LLC raised its position in Hyatt Hotels by 1.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock worth $1,042,000 after acquiring an additional 70 shares in the last quarter. PFG Investments LLC lifted its holdings in Hyatt Hotels by 1.5% in the third quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock valued at $738,000 after acquiring an additional 70 shares during the period. Red Spruce Capital LLC boosted its position in shares of Hyatt Hotels by 0.7% during the 2nd quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock worth $2,126,000 after purchasing an additional 92 shares in the last quarter. Finally, Hunter Associates Investment Management LLC grew its stake in shares of Hyatt Hotels by 0.6% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock worth $2,601,000 after purchasing an additional 95 shares during the period. 71.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Macquarie decreased their price objective on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Sanford C. Bernstein lowered their price target on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Truist Financial reduced their price objective on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a report on Friday, November 1st. Stifel Nicolaus upped their target price on Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a report on Tuesday, August 20th. Finally, Bank of America lifted their price target on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $151.57.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the sale, the insider now owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. This represents a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.50% of the stock is currently owned by company insiders.

Hyatt Hotels Trading Down 3.1 %

Shares of H opened at $152.94 on Monday. Hyatt Hotels Co. has a fifty-two week low of $112.04 and a fifty-two week high of $162.24. The stock has a fifty day moving average of $151.92 and a two-hundred day moving average of $149.19. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $14.69 billion, a PE ratio of 11.53 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period in the prior year, the business posted $0.70 earnings per share. As a group, analysts forecast that Hyatt Hotels Co. will post 3.85 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. Hyatt Hotels’s payout ratio is 4.52%.

About Hyatt Hotels

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.