Havens Advisors Lowers stake in Starwood Hotels & Resorts Worldwide Inc (HOT)

Starwood Hotels & Resorts Worldwide Inc (HOT) : Havens Advisors reduced its stake in Starwood Hotels & Resorts Worldwide Inc by 62.62% during the most recent quarter end. The investment management company now holds a total of 61,034 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $4,695,346 after selling 102,266 shares in Starwood Hotels & Resorts Worldwide Inc , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.Starwood Hotels & Resorts Worldwide Inc makes up approximately 4.09% of Havens Advisors’s portfolio.

Other Hedge Funds, Including , Nn Investment Partners Holdings N.v. reduced its stake in HOT by selling 30,301 shares or 74.79% in the most recent quarter. The Hedge Fund company now holds 10,213 shares of HOT which is valued at $785,686. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.Fisher Asset Management reduced its stake in HOT by selling 13,845 shares or 21.26% in the most recent quarter. The Hedge Fund company now holds 51,277 shares of HOT which is valued at $3,944,740. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.01% of Fisher Asset Management’s portfolio.Dnb Asset Management As boosted its stake in HOT in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 28,849 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $2,212,718. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.05% of Dnb Asset Management As’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in HOT in the latest quarter, The investment management firm added 2,540 additional shares and now holds a total of 43,629 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $3,346,344. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.

Starwood Hotels & Resorts Worldwide Inc opened for trading at $76.97 and hit $77.36 on the upside on Monday, eventually ending the session at $77.11, with a gain of 0.18% or 0.14 points. The heightened volatility saw the trading volume jump to 9,23,988 shares. Company has a market cap of $13,073 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. 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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