November 28, 2016 - By Winifred Garcia · 0 Comments
Starwood Hotel & Resorts Worldwide Inc (NYSE:HOT) institutional sentiment decreased to 0 in Q2 2016. Its down -0.86, from 0.86 in 2016Q1. The ratio dived, as 164 investment managers increased or started new equity positions, while 191 reduced and sold their stock positions in Starwood Hotel & Resorts Worldwide Inc. The investment managers in our partner’s database now own: 171.58 million shares, up from 158.29 million shares in 2016Q1. Also, the number of investment managers holding Starwood Hotel & Resorts Worldwide Inc in their top 10 equity positions decreased from 35 to 20 for a decrease of 15. Sold All: 47 Reduced: 144 Increased: 130 New Position: 34.
Starwood Hotels & Resorts Worldwide, LLC, formerly Starwood Hotels & Resorts Worldwide, Inc., is a hotel and leisure company. The company has a market cap of $13.06 billion. The Company’s hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale divisions of the lodging industry. It currently has negative earnings. The Firm manages and operates its hotel business in three hotel divisions: the Americas; Europe, Africa and the Middle East , and Asia Pacific.
It is down 3.29% since April 25, 2016 and is downtrending. It has underperformed by 9.30% the S&P500.
Harvest Management Llc holds 11.87% of its portfolio in Starwood Hotels & Resorts Worldwide Inc for 212,500 shares. Yakira Capital Management Inc. owns 355,290 shares or 9.94% of their US portfolio. Moreover, Omni Partners Llp has 9.75% invested in the company for 35.84 million shares. The New York-based Kellner Capital Llc has invested 8.48% in the stock. Chesapeake Partners Management Co Inc Md, a Maryland-based fund reported 761,318 shares.#img1#
Ratings analysis reveals 26% of Starwood Hotels’s analysts are positive. Out of 19 Wall Street analysts rating Starwood Hotels, 5 give it “Buy”, 3 “Sell” rating, while 11 recommend “Hold”. The lowest target is $60 while the high is $93. The stock’s average target of $79.38 is 0.00% above today’s ($0) share price. HOT was included in 50 notes of analysts from July 31, 2015. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, March 23. The rating was downgraded by Barclays Capital on Wednesday, August 12 to “Overweight”. UBS maintained it with “Neutral” rating and $70 target price in Thursday, March 10 report. The firm earned “Buy” rating on Friday, July 31 by Deutsche Bank. M Partners maintained Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) rating on Tuesday, March 22. M Partners has “Neutral” rating and $85 price target. The stock of Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) has “Hold” rating given on Tuesday, February 16 by Jefferies. JMP Securities downgraded Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) on Tuesday, November 17 to “Market Perform” rating. M Partners maintained it with “Neutral” rating and $66.0 target price in Thursday, January 14 report. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Thursday, March 17. On Tuesday, November 17 the stock rating was downgraded by Credit Agricole to “Outperform”.
More notable recent Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Convergys, Staples and Starwood Hotels & Resorts Worldwide” on September 19, 2016, also Fool.com with their article: “Why Starwood Hotels & Resorts Worldwide Inc. Stock Jumped 21% in March” published on April 05, 2016, Fool.com published: “Starwood Hotels & Resorts Worldwide Inc. and Rovi Corporation Slump as Indexes …” on April 01, 2016. More interesting news about Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) were released by: Equitiesfocus.com and their article: “Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) Quarterly EPS From …” published on November 28, 2016 as well as Crainsnewyork.com‘s news article titled: “Starwood Hotels & Resorts Worldwide Inc. accepts improved takeover offer from …” with publication date: March 23, 2016.
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By Winifred Garcia