Hudson Bay Capital Management Lp buys $74,244,596 stake in Starwood Hotels & Resorts Worldwide Inc (HOT)

Starwood Hotels & Resorts Worldwide Inc (HOT) : Hudson Bay Capital Management Lp scooped up 726,380 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 May 10, 2016. The investment management firm now holds a total of 1,001,681 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $74,244,596.Starwood Hotels & Resorts Worldwide Inc makes up approximately 10.10% of Hudson Bay Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors reduced its stake in HOT by selling 71,003 shares or 2.65% in the most recent quarter. The Hedge Fund company now holds 2,611,244 shares of HOT which is valued at $193,545,405. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.05% of Blackrock Fund Advisors’s portfolio. Kalos Management sold out all of its stake in HOT during the most recent quarter. The investment firm sold 2,494 shares of HOT which is valued $202,862.Jennison Associates reduced its stake in HOT by selling 1,627,760 shares or 74.26% in the most recent quarter. The Hedge Fund company now holds 564,196 shares of HOT which is valued at $45,891,703. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.05% of Jennison Associates’s portfolio.Commonwealth Equity Services Inc boosted its stake in HOT in the latest quarter, The investment management firm added 78 additional shares and now holds a total of 7,572 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $619,995. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.

Starwood Hotels & Resorts Worldwide Inc opened for trading at $74.11 and hit $75.08 on the upside on Monday, eventually ending the session at $74.76, with a gain of 0.86% or 0.64 points. The heightened volatility saw the trading volume jump to 11,39,018 shares. Company has a market cap of $12,675 M.

On the company’s financial health, Starwood Hotels & Resorts Worldwide Inc reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.59. The company had revenue of $1404.00 million for the quarter, compared to analysts expectations of $1333.30 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.65 EPS.

Investors should note that on May 6, 2016, Starwood Hotels & Resorts Worldwide Inc announced a cash dividend of $0.3750. The company’s management has announced May 18, 2016 as the ex-dividend date and fixed the record date on May 20, 2016. The payable date has been fixed on Jun 3, 2016.

Many Wall Street Analysts have commented on Starwood Hotels & Resorts Worldwide Inc. Starwood Hotels & Resorts Worldwide Inc was Downgraded by Macquarie to ” Neutral” on May 3, 2016. 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. 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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