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With 49% Institutional Ownership, Hyatt Hotels Corporation (NYSE:H) Is a Favorite Amongst the Big Guns

With 49% Institutional Ownership, Hyatt Hotels Corporation (NYSE:H) Is a Favorite Amongst the Big Guns

凱悅酒店集團(紐約證券交易所代碼:H)擁有 49% 的機構所有權,是大公司中的最愛
Simply Wall St ·  05/23 21:36

Key Insights

關鍵見解

  • Institutions' substantial holdings in Hyatt Hotels implies that they have significant influence over the company's share price
  • 50% of the business is held by the top 21 shareholders
  • Recent sales by insiders
  • 各機構在凱悅酒店的大量持股意味着它們對公司的股價具有重大影響
  • 50% 的業務由前 21 名股東持有
  • 內部人士最近的銷售情況

A look at the shareholders of Hyatt Hotels Corporation (NYSE:H) can tell us which group is most powerful. We can see that institutions own the lion's share in the company with 49% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

看看凱悅酒店集團(紐約證券交易所代碼:H)的股東可以告訴我們哪個集團最強大。我們可以看到,機構擁有該公司的大部分股份,所有權爲49%。換句話說,該集團將從對公司的投資中獲得最多(或損失最大)。

Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future.

由於機構可以獲得大量資金,因此他們的市場走勢往往會受到散戶或個人投資者的嚴格審查。因此,投資於公司的機構資金中有很大一部分通常是對公司未來的巨大信任票。

Let's delve deeper into each type of owner of Hyatt Hotels, beginning with the chart below.

讓我們從下圖開始,深入研究凱悅酒店的每種類型的所有者。

ownership-breakdown
NYSE:H Ownership Breakdown May 23rd 2024
紐約證券交易所:H 股權明細 2024 年 5 月 23 日

What Does The Institutional Ownership Tell Us About Hyatt Hotels?

關於凱悅酒店,機構所有權告訴我們什麼?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

機構在向自己的投資者報告時通常會根據基準來衡量自己,因此,一旦股票被納入主要指數,他們通常會對股票更加熱情。我們預計大多數公司都會有一些機構在冊,尤其是在它們正在成長的情況下。

Hyatt Hotels already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Hyatt Hotels' historic earnings and revenue below, but keep in mind there's always more to the story.

凱悅酒店的股份登記處已經有機構。事實上,他們擁有該公司可觀的股份。這意味着在這些機構工作的分析師已經看過這隻股票,他們很喜歡。但是就像其他人一樣,他們可能錯了。當多家機構擁有一隻股票時,總是存在處於 “擁擠交易” 的風險。當這樣的交易出錯時,多方可能會競相快速出售股票。對於沒有增長曆史的公司,這種風險更高。你可以在下面看到凱悅酒店的歷史收入和收入,但請記住,故事中總是有更多內容。

earnings-and-revenue-growth
NYSE:H Earnings and Revenue Growth May 23rd 2024
紐約證券交易所:H 收益和收入增長 2024 年 5 月 23 日

Hyatt Hotels is not owned by hedge funds. Penny Pritzker is currently the largest shareholder, with 6.5% of shares outstanding. In comparison, the second and third largest shareholders hold about 5.3% and 4.1% of the stock. Additionally, the company's CEO Mark Hoplamazian directly holds 0.6% of the total shares outstanding.

凱悅酒店不歸對沖基金所有。Penny Pritzker目前是最大股東,已發行股份的6.5%。相比之下,第二和第三大股東持有約5.3%和4.1%的股份。此外,該公司首席執行官馬克·霍普拉馬齊安直接持有已發行股份總額的0.6%。

After doing some more digging, we found that the top 21 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.

經過進一步的挖掘,我們發現前21名公司擁有公司50%的總所有權,這表明沒有一個單一股東對公司擁有重大控制權。

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

雖然研究公司的機構所有權可以爲您的研究增加價值,但研究分析師的建議以更深入地了解股票的預期表現也是一種好做法。有很多分析師在報道該股,因此可能也值得一看他們的預測。

Insider Ownership Of Hyatt Hotels

凱悅酒店的內部所有權

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

公司內部人員的定義可能是主觀的,並且在不同的司法管轄區之間確實有所不同。我們的數據反映了個人內部人士,至少涵蓋了董事會成員。公司管理層經營業務,但首席執行官將對董事會負責,即使他或她是董事會成員。

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

當內部所有權表明領導層像公司的真正所有者一樣思考時,內部所有權是積極的。但是,高度的內部所有權也可以賦予公司內部的一小部分人巨大的權力。在某些情況下,這可能是負面的。

Our information suggests that insiders maintain a significant holding in Hyatt Hotels Corporation. Insiders own US$1.8b worth of shares in the US$15b company. That's quite meaningful. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. You can click here to see if those insiders have been buying or selling.

我們的信息表明,內部人士持有凱悅酒店集團的大量股份。內部人士擁有這家價值150億美元的公司價值18億美元的股份。這很有意義。大多數人會說,這表明了與股東的良好一致性,尤其是在如此規模的公司中。你可以點擊這裏查看這些內部人士是否在買入或賣出。

General Public Ownership

一般公有制

With a 31% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Hyatt Hotels. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

凱悅酒店擁有31%的所有權,主要由個人投資者組成的公衆對凱悅酒店有一定程度的影響力。儘管這個群體不一定能做主,但它肯定會對公司的運作方式產生真正的影響。

Private Company Ownership

私人公司所有權

We can see that Private Companies own 7.8%, of the shares on issue. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

我們可以看到,私人公司擁有已發行股份的7.8%。僅憑這一事實很難得出任何結論,因此值得研究誰擁有這些私營公司。有時,內部人士或其他關聯方通過一家獨立的私人公司對上市公司的股份擁有權益。

Next Steps:

後續步驟:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Hyatt Hotels (at least 1 which is significant) , and understanding them should be part of your investment process.

我覺得看看究竟誰擁有一家公司非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。例如,投資風險的幽靈無處不在。我們已經向凱悅酒店確定了 4 個警告信號(至少有 1 個很重要),了解它們應該是您投資過程的一部分。

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

如果你想了解分析師對未來增長的預測,千萬不要錯過這份關於分析師預測的免費報告。

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

注意:本文中的數字是使用過去十二個月的數據計算得出的,這些數據是指截至財務報表日期當月最後一天的12個月期間。這可能與全年年度報告數據不一致。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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