In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Hyatt Hotels Corp (NYSE:H) reported that Senator Investment Group has picked up 2,281,100 of common stock as of 2017-07-27.
The acquisition brings the aggregate amount owned by Senator Investment Group to a total of 2,281,100 representing a 5.82% in the company.
For those not familiar with the company, Hyatt Hotels Corporation (NYSE:H) 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). The owned and leased hotels segment consists of its owned and leased full service and select service hotels. The Americas segment consists of its management and franchising of properties located in the United States, Latin America, Canada and the Caribbean. The ASPAC segment consists of its management and franchising of properties located in Southeast Asia, as well as China, Australia, South Korea, Japan and Micronesia. The EAME/SW Asia segment consists of its management and franchising of properties located in Europe, Africa, the Middle East, India, Central Asia and Nepal.
A glance at Hyatt Hotels Corp’s (NYSE:H) key stats reveals a current market capitalization of 6.98B based on 35.14M shares outstanding and a price at last close of $55.61 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2016-12-29, Friedman picked up 400 at a purchase price of $$56.23 per share.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 4,000,000 shares at a sale price of $57.53. This brings their total holding to 445,986.
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 Corp (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.