Here is What Hedge Funds Think About Hyatt Hotels Corporation (H)

Consequently, key money managers were breaking ground themselves. Gotham Asset Management, managed by Joel Greenblatt, initiated the largest position in Hyatt Hotels Corporation (NYSE:H). The fund reportedly had $1.7 million invested in the company at the end of the quarter. Thomas Steyer’s Farallon Capital also initiated a $1.6 million position during the quarter. The other funds with brand new H positions are Ken Griffin’s Citadel Investment Group, Michael Platt and William Reeves’s BlueCrest Capital Mgmt., and Matthew Tewksbury’s Stevens Capital Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Hyatt Hotels Corporation (NYSE:H) but similarly valued. These stocks are FactSet Research Systems Inc. (NYSE:FDS), Nordstrom, Inc. (NYSE:JWN), Domino’s Pizza, Inc. (NYSE:DPZ), and News Corp (NASDAQ:NWSA). This group of stocks’ market valuations resemble H’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
FDS 16 280411 1
JWN 30 282280 4
DPZ 33 1071671 0
NWSA 33 1020494 -2

As you can see these stocks had an average of 28 hedge funds with bullish positions and the average amount invested in these stocks was $664 million. That figure was $293 million in H’s case. Domino’s Pizza, Inc. (NYSE:DPZ) and News Corp (NASDAQ:NWSA) are the most popular stocks in this table. On the other hand FactSet Research Systems Inc. (NYSE:FDS) is the least popular one with only 16 bullish hedge fund positions. Hyatt Hotels Corporation (NYSE:H) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard DPZ might be a better candidate to consider a long position.

Disclosure: none.