Chesapeake Partners Management Co Incmd buys $62,247,614 stake in Starwood Hotels & Resorts Worldwide Inc (HOT)

Starwood Hotels & Resorts Worldwide Inc (HOT) : Chesapeake Partners Management Co Incmd scooped up 293,454 additional shares in Starwood Hotels & Resorts Worldwide Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 799,584 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $62,247,614.Starwood Hotels & Resorts Worldwide Inc makes up approximately 5.80% of Chesapeake Partners Management Co Incmd’s portfolio.

Other Hedge Funds, Including , Zions Bancorporation reduced its stake in HOT by selling 119 shares or 83.8% in the most recent quarter. The Hedge Fund company now holds 23 shares of HOT which is valued at $1,791.Jefferies Group reduced its stake in HOT by selling 61,721 shares or 99.89% in the most recent quarter. The Hedge Fund company now holds 69 shares of HOT which is valued at $5,372.Longfellow Investment Management Co boosted its stake in HOT in the latest quarter, The investment management firm added 29,047 additional shares and now holds a total of 179,447 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $14,007,633. Starwood Hotels & Resorts Worldwide Inc makes up approx 6.35% of Longfellow Investment Management Co’s portfolio.Nordea Investment Management Ab boosted its stake in HOT in the latest quarter, The investment management firm added 34,312 additional shares and now holds a total of 223,345 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $17,128,328. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.05% of Nordea Investment Management Ab’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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