Hyatt Hotels Co. (NYSE:H) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in Hyatt Hotels Co. (NYSE:H) by 5.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,190 shares of the company’s stock after selling 1,274 shares during the quarter. Amalgamated Bank’s holdings in Hyatt Hotels were worth $3,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in H. Creative Planning boosted its holdings in Hyatt Hotels by 7.1% during the 3rd quarter. Creative Planning now owns 4,544 shares of the company’s stock valued at $692,000 after acquiring an additional 300 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position 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 in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Hyatt Hotels by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 5,260 shares of the company’s stock valued at $800,000 after purchasing an additional 350 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Hyatt Hotels by 21.6% in the third quarter. Nisa Investment Advisors LLC now owns 620 shares of the company’s stock valued at $94,000 after purchasing an additional 110 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in Hyatt Hotels by 7.7% during the 3rd quarter. QRG Capital Management Inc. now owns 19,080 shares of the company’s stock worth $2,904,000 after buying an additional 1,368 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Mizuho decreased their target price on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Robert W. Baird decreased their price objective on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. StockNews.com lowered shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Barclays decreased their price target on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, Wells Fargo & Company dropped their price objective on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $162.55.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $140.93 on Friday. The stock has a market cap of $13.55 billion, a P/E ratio of 11.33 and a beta of 1.48. Hyatt Hotels Co. has a twelve month low of $128.91 and a twelve month high of $168.20. The stock has a 50 day moving average of $153.53 and a two-hundred day moving average of $152.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the company earned $0.64 EPS. On average, research analysts forecast that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, February 28th. Hyatt Hotels’s dividend payout ratio is currently 4.82%.

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.