BAMCO, Inc. recently announced the acquisition of new stake in Hyatt Hotels Corporation (NYSE:H). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.07% to 5.33 million shares with purchase of 3857.0 shares. This fresh investment now brings its stake to 12.05% valued currently at $611.36 million. In addition, Select Equity Group LP raised its holdings by 0.1 million to 2.32 million shares. And Principal Global Investors LLC has lifted its position by 0.49% or 11041.0 shares – to 2.26 million shares.
With over 0.41 million Hyatt Hotels Corporation (H) shares trading Friday and a closing price of $130.49 on the day, the dollar volume was approximately $53.6 million. The shares have shown a positive half year performance of 20.97% and its price on 12/22/23 gained nearly 0.35%. Currently, there are 47.48M common shares owned by the public and among those 42.85M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 21 analysts who have offered their price forecasts for H have a consensus price objective of $126.88. The analysts have set the share’s price value over the next 12 months at a high of $143.00 and a low of $104.00. The average price target is -2.85% below its recent price level and a downside to the estimated low will see the stock lose -25.47% over that period. But an upside of 8.75% will see the stock hit the forecast high price target while median target price for the stock is $128.05.
Insiders at the company have transacted a total of 110 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 57 of these insider trades were purchases, accounting for 274,853 shares. Insider sales of the common stock occurred on 53 occasions, with total insider shares sold totaling 240,396 shares.
The top 3 mutual fund holders in Hyatt Hotels Corporation are Baron Partners Fund, Principal Funds, Inc. – Mid Cap F, and MFS Mid Cap Growth Fund. Baron Partners Fund owns 3.33 million shares of the company’s stock, all valued at over $381.58 million. Principal Funds, Inc. – Mid Cap F bought 14082.0 shares to see its total holdings expand to 1.67 million shares valued at over $191.89 million and representing 3.78% of the shares outstanding. MFS Mid Cap Growth Fund now owns shares totaling to 3.52% of the shares outstanding.
Shares of Hyatt Hotels Corporation (NYSE: H) opened at $130.13, up $0.1 from a prior closing price of $130.03. However, the script later moved the day high at 130.67, up 0.35%. The company’s stock has a 5-day price change of -0.11% and 26.31% over the past three months. H shares are trading 44.27% year to date (YTD), with the 12-month market performance up to 41.99% higher. It has a 12-month low price of $88.01 and touched a high of $133.62 over the same period. H has an average intraday trading volume of 1.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.30%, 15.49%, and 15.91% respectively.
Institutional ownership of Hyatt Hotels Corporation (NYSE: H) shares accounts for 45.29% of the company’s 47.48M shares outstanding. Mutual fund holders own 41.81%, while other institutional holders and individual stakeholders account for 64.22% and 14.47% respectively.
It has a market capitalization of $13.46B and a beta (3y monthly) value of 1.43. The stock’s trailing 12-month PE ratio is 29.09, while the earnings-per-share (ttm) stands at $4.49. The company has a PEG of 3.06 and the debt-to-equity ratio at 0.94. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.75% over the week and 2.04% over the month.
Analysts forecast that Hyatt Hotels Corporation (H) will achieve an EPS of $Alibaba Group Holding Limited for the current quarter, $75.28 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $TENCENT HOLDINGS LIMITED UNSP A while analysts give the company a high EPS estimate of $Ford Motor Company. Comparatively, EPS for the current quarter was $AT&T Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -30.15%, and 37.04% over the next financial year. EPS should grow at an annualized rate of 9.50% over the next five years, compared to 5.84% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 21 brokerage firm advisors rate Hyatt Hotels Corporation (H) as a “Strong Buy” at a consensus score of 1.95. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 9 of the 21 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the H, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on December 05, 2023, with the firm’s price target at $138.
