Here’s a Reason to Invest in Hyatt Hotels (H)

Longleaf Partners Fund, a Memphis-based fund under Southeastern Asset Management, published its “Longleaf Partners Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Longleaf Partners Fund added 6.18% in the fourth quarter, taking returns for the full year to 23.58%, well ahead of its absolute return goal. However, the S&P 500 rallied 11.03% in the fourth quarter, taking the index’s full-year returns to 28.71%. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Longleaf Partners Fund, in its Q4 2021 investor letter, mentioned Hyatt Hotels Corporation (NYSE: H) and discussed its stance on the firm. Hyatt Hotels Corporation is a Chicago, Illinois-based hospitality company with a $10.6 billion market capitalization. Hyatt delivered a 1.26% return since the beginning of the year, while its 12-month returns are up by 10.19%. The stock closed at $97.11 per share on February 28, 2022.

Here is what Longleaf Partners Fund has to say about Hyatt Hotels Corporation in its Q4 2021 investor letter:

“Hyatt (29%, 1.76%; 24%, 1.21%), the global hotel franchisor and owner, was the top contributor in the fourth quarter and among the largest contributors for the year. The company is once again cash profitable, even though its Group/Business bookings are less than half of 2019 levels. Revenues from leisure travelers, however, are up more than 20%, with pricing as high as 40% year-over-year for Hyatt’s most popular destination resorts. CEO Mark Hoplamazian made two great sales above our appraisal values this year, helping to grow our appraisal of the consolidated company value by 27%. We expect more proceeds to come in next year and earnings growth to accelerate back towards normalized levels with COVID reopening.

Pornsak Paewlumfaek / Shutterstock.com

Our calculations show that Hyatt Hotels Corporation (NYSE: H) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Hyatt was in 38 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 37 funds in the previous quarter. Hyatt Hotels Corporation (NYSE: H) delivered a 20.81% return in the past 3 months.

In January 2022, we also shared another hedge fund’s views on Hyatt in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.