5 Best Stocks to Buy According to Billionaire Mason Hawkins

4. Hyatt Hotels Corporation (NYSE: H)

Value: $305,407,000
Percent of Mason Hawkins’ 13F Portfolio: 6.8%
Number of Hedge Fund Holders: 27

Hyatt Hotels Corporation ranks 4th on the list of 10 best stocks to buy according to billionaire Mason Hawkins. The worldwide luxury hotel and resort operator has over 1,000 properties globally. By 2023, the company plans to grow its hotel presence in India by adding more than 50 Hyatt-brand hotels across the country, including Park Hyatt, Hyatt Place brands, and Alila. The hotel will add more than 3,600 keys to its existing 32 Hyatt-owned hotels in the country. In February, Evercore ISI Group kept its Hold rating on Hyatt Hotels and raised its price target to $90.

The company has a market cap of $8.5 billion and total revenue of $2.06 billion in 2020. Shares of Hyatt increased 55.89% over the past twelve months. Mason Hawkins’ Southeastern Asset Management currently holds 4.13 million shares of Hyatt, worth $305 million. Hyatt occupies 6.8% of Southeastern Asset Management’s total portfolio. 

Baron Partners Fund mentioned that Hyatt continues to be a major player in the hospitality business in its Q4 2020 investor letter:

“Global hotelier Hyatt Hotels Corp. contributed to results on investor expectations that travel will increase as several newly developed COVID-19 vaccines work to help bring an end to the pandemic. While it may take time for Hyatt’s business and group customers to return, a strong leisure business is aiding recovery in revenue per available room. Hyatt has also successfully lowered its breakeven occupancy levels by reducing fixed costs and has cut its capital budget to preserve cash. Hyatt’s strong balance sheet is allowing it to weather the pandemic-generated disruption.”

Pixabay/Public Domain