Litespeed Management L.l.c. adds Starwood Hotels & Resorts Worldwide Inc (HOT) to its portfolio

Starwood Hotels & Resorts Worldwide Inc (HOT) : Litespeed Management L.l.c. added new position in Starwood Hotels & Resorts Worldwide Inc during the most recent quarter end. The investment management firm now holds 512,000 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $39,859,200 , the company said in a statement filed on Aug 15, 2016 with the SEC.Starwood Hotels & Resorts Worldwide Inc makes up approximately 7.92% of Litespeed Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Point72 Asset Management sold out all of its stake in HOT during the most recent quarter. The investment firm sold 138,500 shares of HOT which is valued $10,782,225.Meiji Yasuda Asset Management Co Ltd. boosted its stake in HOT in the latest quarter, The investment management firm added 1,070 additional shares and now holds a total of 3,972 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $309,220. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.04% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.Blackrock Group Ltd boosted its stake in HOT in the latest quarter, The investment management firm added 31,254 additional shares and now holds a total of 1,331,248 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $103,637,657. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.05% of Blackrock Group Ltd’s portfolio. First Trust Advisors Lp added HOT to its portfolio by purchasing 178,820 company shares during the most recent quarter which is valued at $14,110,686. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.04% of First Trust Advisors Lp’s portfolio.Tocqueville Asset Management reduced its stake in HOT by selling 2,600 shares or 18.96% in the most recent quarter. The Hedge Fund company now holds 11,115 shares of HOT which is valued at $867,637. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.01% of Tocqueville Asset Management’s portfolio.

Starwood Hotels & Resorts Worldwide Inc closed down -0.06 points or -0.08% at $77.4 with 12,39,556 shares getting traded on Thursday. Post opening the session at $77.29, the shares hit an intraday low of $77.02 and an intraday high of $77.88 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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