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

Starwood Hotels & Resorts Worldwide Inc (HOT) : Anandar Capital Management Lp added new position in Starwood Hotels & Resorts Worldwide Inc during the most recent quarter end. The investment management firm now holds 343,000 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $25.4 Million , the company said in a statement filed on May 13, 2016 with the SEC.Starwood Hotels & Resorts Worldwide Inc makes up approximately 18.17% of Anandar Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Yakira Capital Management reduced its stake in HOT by selling 1,814 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 77,163 shares of HOT which is valued at $5.7 Million. Starwood Hotels & Resorts Worldwide Inc makes up approx 2.18% of Yakira Capital Management’s portfolio. Kellner Capital added HOT to its portfolio by purchasing 105,500 company shares during the most recent quarter which is valued at $7.8 Million. Starwood Hotels & Resorts Worldwide Inc makes up approx 5.49% of Kellner Capital’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in HOT in the latest quarter, The investment management firm added 518 additional shares and now holds a total of 12,980 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $962,078. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.03% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Mufg Americas Holdings Corp reduced its stake in HOT by selling 5,459 shares or 34.53% in the most recent quarter. The Hedge Fund company now holds 10,349 shares of HOT which is valued at $767,068. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.03% of Mufg Americas Holdings Corp’s portfolio.

Starwood Hotels & Resorts Worldwide Inc opened for trading at $72.93 and hit $73.67 on the upside on Wednesday, eventually ending the session at $73.42, with a gain of 0.67% or 0.49 points. The heightened volatility saw the trading volume jump to 17,44,940 shares. Company has a market cap of $12,447 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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