Starwood Hotels & Resorts Worldwide Inc (HOT) : K2 Principal Fund scooped up 147,844 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 11, 2016. The investment management firm now holds a total of 243,944 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $18,991,040.Starwood Hotels & Resorts Worldwide Inc makes up approximately 4.42% of K2 Principal Fund’s portfolio.
Other Hedge Funds, Including , Napier Park Global Capital (us) Lp sold out all of its stake in HOT during the most recent quarter. The investment firm sold 63,265 shares of HOT which is valued $4,925,180. Scoggin Management Lp sold out all of its stake in HOT during the most recent quarter. The investment firm sold 453,500 shares of HOT which is valued $35,504,515.Cibc Asset Management Inc boosted its stake in HOT in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 17,843 shares of Starwood Hotels & Resorts Worldwide Inc which is valued at $1,388,721. Starwood Hotels & Resorts Worldwide Inc makes up approx 0.01% of Cibc Asset Management Inc’s portfolio. Supplemental Annuity Collective Trust Of Nj sold out all of its stake in HOT during the most recent quarter. The investment firm sold 9,303 shares of HOT which is valued $724,052.
Starwood Hotels & Resorts Worldwide Inc opened for trading at $78.39 and hit $78.8 on the upside on Tuesday, eventually ending the session at $78.51, with a gain of 0.08% or 0.06 points. The heightened volatility saw the trading volume jump to 15,19,142 shares. Company has a market cap of $13,311 M.
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 Companys 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 Companys 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.