5 Most Undervalued Hotel Stocks To Buy According To Hedge Funds

4. Hyatt Hotels Corporation (NYSE:H)

Number of Hedge Fund Holders: 27

Hotels and vacation properties giant Hyatt Hotels Corporation (NYSE:H) ranks 4th in our list of the most undervalued hotel stocks to buy according to hedge funds. Earlier this month, Hyatt Hotels Corporation (NYSE:H) posted Q4 results. Adjusted EPS in the quarter came in at $2.55, beating estimates by $2.22. Adjusted EBITDA in the quarter totaled $232 million. Comparable system-wide RevPAR increased 34.8% in the fourth quarter and 60.2% for the full year of 2022 from the comparable period of 2021.

As of the end of the fourth quarter of 2022, 27 hedge funds tracked by Insider Monkey had stakes in Hyatt Hotels Corporation (NYSE:H).

Baron Funds made the following comment about Hyatt Hotels Corporation (NYSE:H) in its Q3 2022 investor letter:

“Shares of global hotelier Hyatt Hotels Corporation (NYSE:H) increased in the quarter on strong revenue-per-available-room results as business travel continued to recover from pandemic lows. While leisure rates dropped a little in the seasonally slower back-to-school period, this decline was expected and was more than offset by increases in business transient and group bookings. Robust rates across the industry are leading to higher margins, including for Hyatt. Hyatt is using the increased cash flow to buy-in its shares, indicating that it sees value in the stock.”