Long Pond Capital Lp buys $116.3 Million stake in Hyatt Hotels Corporation (H)

Hyatt Hotels Corporation (H) : Long Pond Capital Lp scooped up 303,300 additional shares in Hyatt Hotels Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,432,768 shares of Hyatt Hotels Corporation which is valued at $116.3 Million.Hyatt Hotels Corporation makes up approximately 6.09% of Long Pond Capital Lp’s portfolio.

Other Hedge Funds, Including , Reynolds Capital Management added H to its portfolio by purchasing 4,900 company shares during the most recent quarter which is valued at $234,269. Hyatt Hotels Corporation makes up approx 0.41% of Reynolds Capital Management’s portfolio.Norges Bank reduced its stake in H by selling 120,693 shares or 37.82% in the most recent quarter. The Hedge Fund company now holds 198,412 shares of H which is valued at $9.5 Million. Gideon Capital Advisors added H to its portfolio by purchasing 4,382 company shares during the most recent quarter which is valued at $209,503. Hyatt Hotels Corporation makes up approx 0.26% of Gideon Capital Advisors’s portfolio. Oxford Asset Management added H to its portfolio by purchasing 13,959 company shares during the most recent quarter which is valued at $667,380. Hyatt Hotels Corporation makes up approx 0.02% of Oxford Asset Management’s portfolio. Gargoyle Investment Advisor L.l.c. added H to its portfolio by purchasing 46,204 company shares during the most recent quarter which is valued at $2.2 Million. Hyatt Hotels Corporation makes up approx 0.77% of Gargoyle Investment Advisor L.l.c.’s portfolio.

Hyatt Hotels Corporation opened for trading at $45.53 and hit $46.53 on the upside on Wednesday, eventually ending the session at $46.51, with a gain of 2.26% or 1.03 points. The heightened volatility saw the trading volume jump to 4,12,740 shares. Company has a market cap of $6,250 M.

On the company’s financial health, Hyatt Hotels Corporation reported $0.25 EPS for the quarter, based on the information available during the earnings call on May 3, 2016. Analyst had a consensus estimate of $0.25.Analysts expectations of $ 1090.81.During the same quarter in the previous year, the company posted $0.11 EPS.

Many Wall Street Analysts have commented on Hyatt Hotels Corporation. Hyatt Hotels Corporation was Downgraded by BofA/Merrill to ” Neutral” on May 19, 2016. Company shares were Reiterated by Telsey Advisory Group on May 4, 2016 to “Market Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $49 .Company shares were Reiterated by Stifel on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .

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 Company’s portfolio consists of approximately 587 properties (155265 rooms and units). The Company’s service hotels and resorts operate under five brands which include Park Hyatt Andaz Hyatt Grand Hyatt and Hyatt Regency. The Company’s 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.

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