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

Starwood Hotels & Resorts Worldwide Inc (HOT) : Scoggin Management Lp added new position in Starwood Hotels & Resorts Worldwide Inc during the most recent quarter end. The investment management firm now holds 453,500 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $33.6 Million , the company said in a statement filed on May 12, 2016 with the SEC.Starwood Hotels & Resorts Worldwide Inc makes up approximately 9.75% of Scoggin Management Lp’s portfolio.

Other Hedge Funds, Including , United Services Automobile Association boosted its stake in HOT in the latest quarter, The investment management firm added 1,555 additional shares and now holds a total of 52,181 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $3.9 Million. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.01% of United Services Automobile Association’s portfolio.Comerica Bank boosted its stake in HOT in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 37,541 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $2.8 Million. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.03% of Comerica Bank’s portfolio.Ghp Investment Advisors boosted its stake in HOT in the latest quarter, The investment management firm added 1,543 additional shares and now holds a total of 10,607 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $786,191. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.16% of Ghp Investment Advisors’s portfolio.Nippon Life Insurance Co reduced its stake in HOT by selling 151 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 13,647 shares of HOT which is valued at $1.1 Million. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.03% of Nippon Life Insurance Co’s portfolio.Aperio Group boosted its stake in HOT in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 61,820 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $5.1 Million. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.04% of Aperio Group’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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