Gates Capital Management Lowers stake in Hilton Worldwide Holdings Inc (HLT)

Hilton Worldwide Holdings Inc (HLT) : Gates Capital Management reduced its stake in Hilton Worldwide Holdings Inc by 7.1% during the most recent quarter end. The investment management company now holds a total of 4,732,179 shares of Hilton Worldwide Holdings Inc which is valued at $115,086,593 after selling 361,603 shares in Hilton Worldwide Holdings Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Hilton Worldwide Holdings Inc makes up approximately 6.07% of Gates Capital Management’s portfolio.

Other Hedge Funds, Including , Tlp Group added HLT to its portfolio by purchasing 3,060 company shares during the most recent quarter which is valued at $74,419. Hilton Worldwide Holdings Inc makes up approx 0.06% of Tlp Group’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in HLT in the latest quarter, The investment management firm added 68 additional shares and now holds a total of 110,228 shares of Hilton Worldwide Holdings Inc which is valued at $2,458,084. Hilton Worldwide Holdings Inc makes up approx 0.02% of Public Employees Retirement Association Of Colorado’s portfolio.Gateway Investment Advisers reduced its stake in HLT by selling 380,393 shares or 44.67% in the most recent quarter. The Hedge Fund company now holds 471,209 shares of HLT which is valued at $10,809,534. Hilton Worldwide Holdings Inc makes up approx 0.10% of Gateway Investment Advisers’s portfolio.

Hilton Worldwide Holdings Inc closed down -0.15 points or -0.61% at $24.42 with 68,31,958 shares getting traded on Monday. Post opening the session at $24.58, the shares hit an intraday low of $24.345 and an intraday high of $24.64 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Hilton Worldwide Holdings Inc reported $0.23 EPS for the quarter, based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus estimate of $0.23. The company had revenue of $2942.00 million for the quarter, compared to analysts expectations of $2980.16 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Hilton Worldwide Holdings Inc. is a hospitality company. The Company comprises of approximately 4322 hotels resorts and timeshare properties comprising of 715062 rooms in 94 countries and territories. The Company operates through three segments: management and franchise ownership and timeshare. The Company’s brands are Waldorf Astoria Hotels & Resorts Conrad Hotels & Resorts Canopy by Hilton Hilton Hotels & Resorts Curio–A Collection by Hilton DoubleTree by Hilton Embassy Suites Hotels Hilton Garden Inn Hampton Hotels Homewood Suites by Hilton Home2 Suites by Hilton and Hilton Grand Vacations. The Company also offers customer loyalty program which provides reward points for the guests for each stay at any of its more than 4300 hotels around the world which are then redeemable for free hotel nights and other rewards.

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