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Man Group lowers stake in Hyatt Hotels

Man Group PLC reduced its stake in Hyatt Hotels Corp. during the third quarter by 34.8% to 0.24%, worth about $20.9 million, TheOlympiaReport reported, citing Man Group's latest 13F filing with the SEC.

Following the sale of 139,739 Hyatt Hotels shares in the third quarter, Man Group's ownership of the global hospitality company's stock stands at 262,171 shares.