Gruss Capital Management LP purchased a new position in shares of Hyatt Hotels Corporation (NYSE:H) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 155,000 shares of the company’s stock, valued at approximately $8,713,000. Hyatt Hotels Corporation accounts for approximately 0.7% of Gruss Capital Management LP’s portfolio, making the stock its 15th biggest holding. Gruss Capital Management LP owned approximately 0.40% of Hyatt Hotels Corporation at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in Hyatt Hotels Corporation by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,962 shares of the company’s stock worth $447,000 after purchasing an additional 84 shares during the period. Amalgamated Bank boosted its stake in Hyatt Hotels Corporation by 2.0% in the 1st quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock worth $253,000 after purchasing an additional 91 shares during the period. Utah Retirement Systems boosted its stake in Hyatt Hotels Corporation by 1.7% in the 2nd quarter. Utah Retirement Systems now owns 6,086 shares of the company’s stock worth $342,000 after purchasing an additional 100 shares during the period. State of Wisconsin Investment Board boosted its stake in Hyatt Hotels Corporation by 3.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 6,712 shares of the company’s stock worth $377,000 after purchasing an additional 240 shares during the period. Finally, Quantitative Systematic Strategies LLC boosted its stake in Hyatt Hotels Corporation by 2.2% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 17,498 shares of the company’s stock worth $988,000 after purchasing an additional 384 shares during the period. Institutional investors own 30.68% of the company’s stock.

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In other news, insider Don G.C. Trust #8 sold 42,146 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $59.55, for a total value of $2,509,794.30. Following the completion of the transaction, the insider now owns 42,146 shares of the company’s stock, valued at $2,509,794.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard A. Friedman sold 8,654,050 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $57.58, for a total value of $498,300,199.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,713,219 shares of company stock valued at $501,819,287. Corporate insiders own 27.51% of the company’s stock.

Hyatt Hotels Corporation (NYSE:H) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.17. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. During the same quarter in the prior year, the company posted $0.64 earnings per share.

Several research analysts have commented on the company. Robert W. Baird restated a “buy” rating and issued a $68.00 target price on shares of Hyatt Hotels Corporation in a research note on Friday, September 8th. Deutsche Bank AG restated a “hold” rating and issued a $60.00 target price (up previously from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. FBR & Co restated an “outperform” rating and issued a $66.00 target price (up previously from $63.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. BidaskClub upgraded Hyatt Hotels Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Wolfe Research upgraded Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Hyatt Hotels Corporation currently has an average rating of “Hold” and an average target price of $58.56.

Hyatt Hotels Corporation Company Profile

Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).

Institutional Ownership by Quarter for Hyatt Hotels Corporation (NYSE:H)

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