Top Investors Don’t Want Their Capital Staying In Hyatt Hotels Corporation (H)

Seeing as Hyatt Hotels Corporation (NYSE:H) has faced falling interest from the entirety of the hedge funds we track, it’s safe to say that there lies a certain “tier” of fund managers that slashed their full holdings heading into Q4. Interestingly, Ken Heebner’s Capital Growth Management cut the biggest position of all the hedgies tracked by Insider Monkey, valued at an estimated $46.5 million in stock, and Renaissance Technologies was right behind this move, as the fund cut about $9.3 million worth of shares. These transactions are intriguing to say the least, as total hedge fund interest dropped by 4 funds heading into Q4.

Let’s go over hedge fund activity in other stocks similar to Hyatt Hotels Corporation (NYSE:H). These stocks are ONEOK, Inc. (NYSE:OKE), W.R. Grace & Co. (NYSE:GRA), W.R. Berkley Corporation (NYSE:WRB), and The AES Corporation (NYSE:AES). This group of stocks’ market values resemble Hyatt Hotels’ market value.

As you can see these stocks had an average of 30 hedge funds with bullish positions and the average amount invested in these stocks was $1.05 billion. That figure was $296 million in Hyatt Hotels’ case. W.R. Grace & Co. (NYSE:GRA) is the most popular stock in this table. On the other hand ONEOK, Inc. (NYSE:OKE) is the least popular one with only 20 bullish hedge fund positions. Compared to these stocks Hyatt Hotels Corporation (NYSE:H) is tied with OKE as the least popular stock. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock.