Longfellow Investment Management Co buys $12,090,656 stake in Starwood Hotels & Resorts Worldwide Inc (HOT)

Starwood Hotels & Resorts Worldwide Inc (HOT) : Longfellow Investment Management Co scooped up 42,700 additional shares in Starwood Hotels & Resorts Worldwide Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 150,400 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $12,090,656.Starwood Hotels & Resorts Worldwide Inc makes up approximately 6.14% of Longfellow Investment Management Co’s portfolio.

Starwood Hotels & Resorts Worldwide Inc closed down -0.37 points or -0.46% at $80.02 with 38,37,662 shares getting traded on Monday. Post opening the session at $80.19, the shares hit an intraday low of $79.49 and an intraday high of $80.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Quotient Investors sold out all of its stake in HOT during the most recent quarter. The investment firm sold 5,200 shares of HOT which is valued $418,028.Capstone Asset Management Co reduced its stake in HOT by selling 400 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 14,091 shares of HOT which is valued at $1,132,775. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.03% of Capstone Asset Management Co’s portfolio.Creative Planning reduced its stake in HOT by selling 4,230 shares or 57.4% in the most recent quarter. The Hedge Fund company now holds 3,139 shares of HOT which is valued at $249,488.Fenimore Asset Management Inc reduced its stake in HOT by selling 875 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 494,980 shares of HOT which is valued at $39,341,010. Starwood Hotels & Resorts Worldwide Inc makes up approx 2.02% of Fenimore Asset Management Inc’s portfolio.

On the company’s financial health, Starwood Hotels & Resorts Worldwide Inc reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.79. The company had revenue of $1433.00 million for the quarter, compared to analysts expectations of $1429.89 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on Starwood Hotels & Resorts Worldwide Inc. Starwood Hotels & Resorts Worldwide Inc was Upgraded by Susquehanna to ” Positive” on Apr 4, 2016. Company shares were Reiterated by Canaccord Genuity on Mar 23, 2016 to “Buy”, Firm has raised the Price Target to $ 88 from a previous price target of $76 .Starwood Hotels & Resorts Worldwide Inc was Downgraded by Susquehanna to ” Neutral” on Mar 22, 2016.

Starwood Hotels & Resorts Worldwide Inc. is a hotel and leisure company. The Company’s hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. The Company owns Starwood Vacation Ownership Inc. a provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. It manages and operates its hotel business in three hotel segments: the Americas Europe Africa and the Middle East (EAME) and Asia Pacific. Its vacation ownership and residential business is a separate segment. As of December 31 2014 the Company’s hotel business included 1207 owned managed or franchised hotels with approximately 346600 rooms comprising 36 hotels that it owns or leases or in which the Company has a majority equity interest 583 hotels managed by the Company on behalf of third-party owners and 588 hotels for which it receives franchise fees.

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