Hyatt Hotels Co. (H) is Gruss Capital Management LP’s 7th Largest Position
Gruss Capital Management LP boosted its holdings in Hyatt Hotels Co. (NYSE:H) by 316.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 645,000 shares of the company’s stock after acquiring an additional 490,000 shares during the quarter. Hyatt Hotels accounts for 3.5% of Gruss Capital Management LP’s portfolio, making the stock its 7th largest position. Gruss Capital Management LP owned about 0.53% of Hyatt Hotels worth $39,855,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of H. Cibc World Markets Corp bought a new position in Hyatt Hotels during the 2nd quarter valued at $37,099,000. BNP Paribas Arbitrage SA boosted its stake in Hyatt Hotels by 485.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 624,966 shares of the company’s stock valued at $35,129,000 after purchasing an additional 518,164 shares in the last quarter. Koch Industries Inc. bought a new position in Hyatt Hotels during the 2nd quarter valued at $478,000. Long Pond Capital LP boosted its stake in Hyatt Hotels by 14.1% during the 3rd quarter. Long Pond Capital LP now owns 3,035,548 shares of the company’s stock valued at $187,567,000 after purchasing an additional 374,704 shares in the last quarter. Finally, Marshall Wace North America L.P. boosted its stake in Hyatt Hotels by 35.8% during the 2nd quarter. Marshall Wace North America L.P. now owns 952,368 shares of the company’s stock valued at $53,333,000 after purchasing an additional 251,253 shares in the last quarter. Hedge funds and other institutional investors own 38.83% of the company’s stock.
Shares of Hyatt Hotels Co. (H) traded down $1.09 during trading hours on Thursday, hitting $71.11. The company had a trading volume of 646,600 shares, compared to its average volume of 762,234. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39. Hyatt Hotels Co. has a twelve month low of $50.21 and a twelve month high of $73.33. The stock has a market capitalization of $8,584.22, a price-to-earnings ratio of 40.11, a price-to-earnings-growth ratio of 10.27 and a beta of 1.25.
H has been the subject of several research reports. MKM Partners raised Hyatt Hotels from a “neutral” rating to a “buy” rating in a research note on Thursday. Berenberg Bank raised Hyatt Hotels from a “hold” rating to a “buy” rating and raised their price objective for the stock from $69.20 to $78.00 in a research note on Friday, November 10th. Stifel Nicolaus raised their price objective on Hyatt Hotels from $61.00 to $67.00 and gave the stock a “hold” rating in a research note on Monday, November 6th. B. Riley lowered Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Monday, November 6th. Finally, Wells Fargo & Company raised Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $68.33.
In other Hyatt Hotels news, insider Peter Fulton sold 14,104 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $70.00, for a total transaction of $987,280.00. Following the transaction, the insider now directly owns 38,436 shares in the company, valued at $2,690,520. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Rena Hozore Reiss sold 4,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $61.43, for a total value of $245,720.00. Following the transaction, the insider now owns 30,881 shares in the company, valued at $1,897,019.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 959,887 shares of company stock worth $65,139,540. Corporate insiders own 27.51% of the company’s stock.
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Hyatt Hotels Profile
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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