Hyatt Hotels Corporation (H) : Gruss Capital Management Lp reduced its stake in Hyatt Hotels Corporation by 26.69% during the most recent quarter end. The investment management company now holds a total of 651,500 shares of Hyatt Hotels Corporation which is valued at $34,575,105 after selling 237,200 shares in Hyatt Hotels Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Hyatt Hotels Corporation makes up approximately 3.72% of Gruss Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Bamco Inc Ny reduced its stake in H by selling 1,100 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 4,591,312 shares of H which is valued at $243,660,928. Hyatt Hotels Corporation makes up approx 1.29% of Bamco Inc Ny’s portfolio.Canada Pension Plan Investment Board reduced its stake in H by selling 19,900 shares or 50.77% in the most recent quarter. The Hedge Fund company now holds 19,300 shares of H which is valued at $993,371.Victory Capital Management Inc reduced its stake in H by selling 4,041 shares or 25.01% in the most recent quarter. The Hedge Fund company now holds 12,117 shares of H which is valued at $618,209.Public Employees Retirement Association Of Colorado boosted its stake in H in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 770 shares of Hyatt Hotels Corporation which is valued at $38,616.State Of Wisconsin Investment Board reduced its stake in H by selling 400 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 15,124 shares of H which is valued at $762,250.
Hyatt Hotels Corporation closed down -0.1 points or -0.19% at $53.65 with 4,67,139 shares getting traded on Monday. Post opening the session at $53.94, the shares hit an intraday low of $53.58 and an intraday high of $54.23 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Hyatt Hotels Corporation reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.29.Analysts expectations of $ 1099.06.During the same quarter in the previous year, the company posted $0.30 EPS.
Many Wall Street Analysts have commented on Hyatt Hotels Corporation. Shares were Reiterated by FBR & Co. on Nov 4, 2016 to “Outperform” and Lowered the Price Target to $ 61 from a previous price target of $62 .Hyatt Hotels Corporation was Downgraded by CLSA to ” Underperform” on Nov 2, 2016. Hyatt Hotels Corporation was Downgraded by Morgan Stanley to ” Underweight” on Sep 26, 2016.
Hyatt Hotels Corporation is a hospitality company. The Company develops owns operates manages franchises licenses or provides services to a portfolio of properties consisting of full service hotels select service hotels resorts and other properties including timeshare fractional and other forms of residential and vacation properties. The Companys portfolio consists of approximately 587 properties (155265 rooms and units). The Companys service hotels and resorts operate under five brands which include Park Hyatt Andaz Hyatt Grand Hyatt and Hyatt Regency. The Companys two select service brands are Hyatt Place and Hyatt House. The Company has four operating segments: Owned and Leased Hotels; Americas management and franchising; Southeast Asia China Australia South Korea and Japan (ASPAC) management and franchising and Europe Africa the Middle East and Southwest Asia (EAME/SW Asia) management.