Sand Grove Capital Management Llp buys $28,862,328 stake in Starwood Hotels & Resorts Worldwide Inc (HOT)

Starwood Hotels & Resorts Worldwide Inc (HOT) : Sand Grove Capital Management Llp scooped up 179,800 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 9, 2016. The investment management firm now holds a total of 389,400 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $28,862,328.Starwood Hotels & Resorts Worldwide Inc makes up approximately 22.27% of Sand Grove Capital Management Llp’s portfolio.

Other Hedge Funds, Including , Alpine Woods Capital Investors reduced its stake in HOT by selling 43,500 shares or 59.67% in the most recent quarter. The Hedge Fund company now holds 29,400 shares of HOT which is valued at $2,179,128. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.13% of Alpine Woods Capital Investors’s portfolio. Northstar Investment Advisors added HOT to its portfolio by purchasing 2,900 company shares during the most recent quarter which is valued at $235,886. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.06% of Northstar Investment Advisors’s portfolio.Tocqueville Asset Management reduced its stake in HOT by selling 11,350 shares or 45.28% in the most recent quarter. The Hedge Fund company now holds 13,715 shares of HOT which is valued at $1,122,984. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.01% of Tocqueville Asset Management’s portfolio.Sarasin Partners Llp reduced its stake in HOT by selling 142,664 shares or 27.03% in the most recent quarter. The Hedge Fund company now holds 385,076 shares of HOT which is valued at $31,530,023. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.51% of Sarasin Partners Llp’s portfolio.Conning boosted its stake in HOT in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 4,245 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $347,581. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.01% of Conning’s portfolio.

Starwood Hotels & Resorts Worldwide Inc closed down -0.75 points or -1.00% at $74.12 with 26,61,078 shares getting traded on Friday. Post opening the session at $75.62, the shares hit an intraday low of $73.6 and an intraday high of $75.62 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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