Sandell Asset Management Corp adds Starwood Hotels & Resorts Worldwide Inc (HOT) to its portfolio

Starwood Hotels & Resorts Worldwide Inc (HOT) : Sandell Asset Management Corp added new position in Starwood Hotels & Resorts Worldwide Inc during the most recent quarter end. The investment management firm now holds 310,800 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $23 Million , the company said in a statement filed on May 13, 2016 with the SEC.Starwood Hotels & Resorts Worldwide Inc makes up approximately 7.77% of Sandell Asset Management Corp’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in HOT by selling 4,697 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 300,116 shares of HOT which is valued at $22.2 Million. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.02% of Alliancebernstein’s portfolio. Hap Trading sold out all of its stake in HOT during the most recent quarter. The investment firm sold 33,983 shares of HOT which is valued $2.5 Million.State Board Of Administration Of Florida Retirement System reduced its stake in HOT by selling 5,940 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 214,031 shares of HOT which is valued at $17.4 Million. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.07% of State Board Of Administration Of Florida Retirement System’s portfolio.Ifp Advisors Inc boosted its stake in HOT in the latest quarter, The investment management firm added 677 additional shares and now holds a total of 1,179 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $95,900. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.01% of Ifp Advisors Inc’s portfolio. Dupont Capital Management Corp added HOT to its portfolio by purchasing 6,600 company shares during the most recent quarter which is valued at $540,408. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.01% of Dupont Capital Management 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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