Hyatt Hotels Corporation (NYSE:H) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

Ibio Inc (NYSEAMERICAN:IBIO) Contonies to Hot New Hi...
Catch Peregrine Pharmaceuticals (NASDAQ:PPHM) Shares...
NanoVibronix Inc (NASDAQ:NAOV) Is About To Hit $3: A...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Hyatt Hotels Corporation (NYSE:H) reported that MHR Fund Management has picked up 14,980,528 of common stock as of 2017-03-03.

The acquisition brings the aggregate amount owned by MHR Fund Management to a total of 14,980,528 representing a 15.3% stake in the company.

For those not familiar with the company, Hyatt Hotels Corporation is a global 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 Company operates through four 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. The Company’s hotel portfolio consists of approximately 600 properties (over 159,340 rooms). The Company’s full service hotels and resorts operate under six brands: Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric and Hyatt. The Company’s two select service brands include Hyatt Place and Hyatt House.

A glance at Hyatt Hotels Corporation (NYSE:H)’s key stats reveals a current market capitalization of 6.76 billion based on 39.71 Million shares outstanding and a price at last close of $51.82 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-12-29, Friedman picked up 400 at a purchase price of $56.23. This brings their total holding to 114,451 as of the date of the filing.

On the sell side, the most recent transaction saw Friedman unload 400 shares at a sale price of $56.23. This brings their total holding to 114,051.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Hyatt Hotels Corporation (NYSE:H) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

Stay in the lopp :

Enzolytics Inc (ENZC) Stock Gains Further Mom...

If you are into micro-cap stocks then you might have noticed that Enzolytics Inc (OTCMKTS:ENZC) has emerged as one of the major movers

Here's Who Just Picked Up Modsys Internationa...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Modsys International Ltd. (NASDAQ:MDSY) reported that Columbia Pacific Opportunity Fund,
Asia Broadband (AABB) Stock Consolidates Arou...

Those who are on the hunt for stocks which might have clocked significant gains so far this year might do well to take

related post

Skip to content