Gruss Capital Management Lp Lowers stake in Hyatt Hotels Corporation (H)

Hyatt Hotels Corporation (H) : Gruss Capital Management Lp reduced its stake in Hyatt Hotels Corporation by 19.21% during the most recent quarter end. The investment management company now holds a total of 888,700 shares of Hyatt Hotels Corporation which is valued at $46,772,281 after selling 211,300 shares in Hyatt Hotels Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Hyatt Hotels Corporation makes up approximately 7.63% of Gruss Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc boosted its stake in H in the latest quarter, The investment management firm added 1,291 additional shares and now holds a total of 10,159 shares of Hyatt Hotels Corporation which is valued at $534,668. Omers Administration Corp added H to its portfolio by purchasing 15,100 company shares during the most recent quarter which is valued at $794,713. Hyatt Hotels Corporation makes up approx 0.02% of Omers Administration Corp’s portfolio.Calvert Investment Management boosted its stake in H in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 8,417 shares of Hyatt Hotels Corporation which is valued at $442,145. Hyatt Hotels Corporation makes up approx 0.02% of Calvert Investment Management’s portfolio.

Hyatt Hotels Corporation closed down -0.03 points or -0.06% at $54.05 with 1,50,137 shares getting traded on Monday. Post opening the session at $54.04, the shares hit an intraday low of $54.03 and an intraday high of $54.64 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 $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.46.Analysts expectations of $ 1165.40.During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Hyatt Hotels Corporation. Hyatt Hotels Corporation was Downgraded by Stifel to ” Hold” on Jul 19, 2016. Hyatt Hotels Corporation was Downgraded by Wells Fargo to ” Market Perform” on Jun 14, 2016. Hyatt Hotels Corporation was Downgraded by BofA/Merrill to ” Neutral” on May 19, 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 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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