Hbk Investments L P buys $73.4 Million stake in Hilton Worldwide Holdings Inc (HLT)

Hilton Worldwide Holdings Inc (HLT) : Hbk Investments L P scooped up 1,338,100 additional shares in Hilton Worldwide Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 3,413,000 shares of Hilton Worldwide Holdings Inc which is valued at $73.4 Million.Hilton Worldwide Holdings Inc makes up approximately 1.62% of Hbk Investments L P’s portfolio.

Other Hedge Funds, Including , V3 Capital Management added HLT to its portfolio by purchasing 666,000 company shares during the most recent quarter which is valued at $14.3 Million. Hilton Worldwide Holdings Inc makes up approx 3.83% of V3 Capital Management’s portfolio.Daiwa Securities Group reduced its stake in HLT by selling 84,580 shares or 18.94% in the most recent quarter. The Hedge Fund company now holds 362,080 shares of HLT which is valued at $7.8 Million. Hilton Worldwide Holdings Inc makes up approx 0.05% of Daiwa Securities Group’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in HLT in the latest quarter, The investment management firm added 393 additional shares and now holds a total of 32,516 shares of Hilton Worldwide Holdings Inc which is valued at $699,094. Hilton Worldwide Holdings Inc makes up approx 0.02% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Moors Cabot boosted its stake in HLT in the latest quarter, The investment management firm added 3,228 additional shares and now holds a total of 29,362 shares of Hilton Worldwide Holdings Inc which is valued at $631,283. Hilton Worldwide Holdings Inc makes up approx 0.11% of Moors Cabot’s portfolio. Checchi Capital Advisers added HLT to its portfolio by purchasing 3,774 company shares during the most recent quarter which is valued at $83,141. Hilton Worldwide Holdings Inc makes up approx 0.02% of Checchi Capital Advisers’s portfolio.

Hilton Worldwide Holdings Inc opened for trading at $20.85 and hit $21.08 on the upside on Wednesday, eventually ending the session at $20.96, with a gain of 0.58% or 0.12 points. The heightened volatility saw the trading volume jump to 95,79,009 shares. Company has a market cap of $20,746 M.

On the company’s financial health, Hilton Worldwide Holdings Inc reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.16. The company had revenue of $2750.00 million for the quarter, compared to analysts expectations of $2723.93 million. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Hilton Worldwide Holdings Inc. Hilton Worldwide Holdings Inc was Downgraded by BofA/Merrill to ” Neutral” on May 19, 2016. Credit Agricole Initiated Hilton Worldwide Holdings Inc on Apr 12, 2016 to “Buy”, Price Target of the shares are set at $27.Shares were Reiterated by FBR Capital on Feb 29, 2016 to “Outperform” and Lowered the Price Target to $ 31 from a previous price target of $32 .

Hilton Worldwide Holdings Inc. is a hospitality company. The Company comprises of approximately 4322 hotels resorts and timeshare properties comprising of 715062 rooms in 94 countries and territories. The Company operates through three segments: management and franchise ownership and timeshare. The Company’s brands are Waldorf Astoria Hotels & Resorts Conrad Hotels & Resorts Canopy by Hilton Hilton Hotels & Resorts Curio–A Collection by Hilton DoubleTree by Hilton Embassy Suites Hotels Hilton Garden Inn Hampton Hotels Homewood Suites by Hilton Home2 Suites by Hilton and Hilton Grand Vacations. The Company also offers customer loyalty program which provides reward points for the guests for each stay at any of its more than 4300 hotels around the world which are then redeemable for free hotel nights and other rewards.

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