Boussard Gavaudan Investment Management Llp Exits Position in Starwood Hotels & Resorts Worldwide Inc (HOT)

Starwood Hotels & Resorts Worldwide Inc (HOT) : Boussard Gavaudan Investment Management Llp has sold out all of its stake in Starwood Hotels & Resorts Worldwide Inc during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 1,085,554 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $84,488,668.

Other Hedge Funds, Including , New Mexico Educational Retirement Board boosted its stake in HOT in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 19,592 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $1,524,845. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.07% of New Mexico Educational Retirement Board’s portfolio.Fny Managed Accounts boosted its stake in HOT in the latest quarter, The investment management firm added 49,151 additional shares and now holds a total of 69,151 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $5,325,319. Starwood Hotels & Resorts Worldwide Inc makes up approx 5.23% of Fny Managed Accounts’s portfolio. Meeder Asset Management Inc sold out all of its stake in HOT during the most recent quarter. The investment firm sold 74 shares of HOT which is valued $5,736.Gateway Investment Advisers reduced its stake in HOT by selling 143 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 34,961 shares of HOT which is valued at $2,689,550. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.02% of Gateway Investment Advisers’s portfolio.

Starwood Hotels & Resorts Worldwide Inc closed down -0.62 points or -0.79% at $78.29 with 34,09,432 shares getting traded on Monday. Post opening the session at $79.06, the shares hit an intraday low of $78.24 and an intraday high of $79.08 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Starwood Hotels & Resorts Worldwide Inc reported $0.71 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.73. The company had revenue of $1246.00 million for the quarter, compared to analysts expectations of $1340.92 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

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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