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

Mangoceuticals (MGRX): A Low Float Stock on the Verg...
3 Momentum Stocks: Avenue Therapeutics (ATXI), Pasit...
Guess Who Picked Onconova Therapeutics Inc. (NASDAQ:...

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 :

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 Prescott Group Capital Management
XCUR Stock Price is liquid, can it go higher?...

eExicure XCUR stock price is down -15% in the last 5 days & volume is up 166%, but can it bounce?

BLUE Stock Price has consolidated and could b...

Bluebird Bio Inc. BLUE stock price is finally showing some life as it reverses trend. BLUE is up 17% in the last month

related post

Skip to content