Bbt Capital Management adds Starwood Hotels & Resorts Worldwide Inc (HOT) to its portfolio

Starwood Hotels & Resorts Worldwide Inc (HOT) : Bbt Capital Management added new position in Starwood Hotels & Resorts Worldwide Inc during the most recent quarter end. The investment management firm now holds 460,000 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $34.1 Million , the company said in a statement filed on May 12, 2016 with the SEC.Starwood Hotels & Resorts Worldwide Inc makes up approximately 10.98% of Bbt Capital Management’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board boosted its stake in HOT in the latest quarter, The investment management firm added 200,000 additional shares and now holds a total of 200,010 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $14.8 Million. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.06% of Canada Pension Plan Investment Board’s portfolio.Liberty Mutual Group Asset Management boosted its stake in HOT in the latest quarter, The investment management firm added 1,403 additional shares and now holds a total of 11,413 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $928,333. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.04% of Liberty Mutual Group Asset Management’s portfolio.Nationwide Fund Advisors reduced its stake in HOT by selling 2,570 shares or 5.01% in the most recent quarter. The Hedge Fund company now holds 48,704 shares of HOT which is valued at $4 Million. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.02% of Nationwide Fund Advisors’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in HOT in the latest quarter, The investment management firm added 8,867 additional shares and now holds a total of 263,186 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $21.5 Million. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.07% of Mizuho Trust Banking Ltd.’s portfolio.World Asset Management Inc reduced its stake in HOT by selling 2,127 shares or 11.64% in the most recent quarter. The Hedge Fund company now holds 16,141 shares of HOT which is valued at $1.3 Million. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.05% of World Asset Management Inc’s portfolio.

Starwood Hotels & Resorts Worldwide Inc opened for trading at $72.81 and hit $72.95 on the upside on Friday, eventually ending the session at $72.68, with a gain of 0.06% or 0.04 points. The heightened volatility saw the trading volume jump to 16,16,376 shares. Company has a market cap of $12,322 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.

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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