Bain Capital Public Equity Management LLC Takes Position in Hilton Worldwide Holdings Inc. (HLT)
Bain Capital Public Equity Management LLC purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the fourth quarter, Holdings Channel reports. The fund purchased 3,428,234 shares of the company’s stock, valued at approximately $93,248,000. Hilton Worldwide Holdings accounts for approximately 6.6% of Bain Capital Public Equity Management LLC’s investment portfolio, making the stock its 3rd largest position. Bain Capital Public Equity Management LLC owned 1.04% of Hilton Worldwide Holdings at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of HLT. Toronto Dominion Bank raised its stake in Hilton Worldwide Holdings by 57.3% in the third quarter. Toronto Dominion Bank now owns 4,699 shares of the company’s stock worth $108,000 after buying an additional 1,712 shares in the last quarter. Stifel Financial Corp purchased a new stake in Hilton Worldwide Holdings during the second quarter worth $215,000. Stevens Capital Management LP purchased a new stake in Hilton Worldwide Holdings during the third quarter worth $236,000. Parametrica Management Ltd purchased a new stake in Hilton Worldwide Holdings during the third quarter worth $257,000. Finally, Loews Corp purchased a new stake in Hilton Worldwide Holdings during the fourth quarter worth $263,000.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) traded down 0.37% during mid-day trading on Thursday, hitting $59.24. 3,145,260 shares of the stock were exchanged. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 12.67 and a beta of 1.33. The stock has a 50-day moving average price of $57.50 and a 200 day moving average price of $51.29. Hilton Worldwide Holdings Inc. has a 52-week low of $39.17 and a 52-week high of $60.49.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings results on Wednesday, February 15th. The company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.05. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Hilton Worldwide Holdings had a net margin of 13.35% and a return on equity of 13.84%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. On average, equities research analysts expect that Hilton Worldwide Holdings Inc. will post $2.59 earnings per share for the current year.
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HLT has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Hilton Worldwide Holdings from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 10th. Telsey Advisory Group raised their price objective on shares of Hilton Worldwide Holdings from $78.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, December 9th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Hilton Worldwide Holdings in a research note on Thursday, January 5th. They set a “buy” rating for the company. FBR & Co restated a “buy” rating and set a $64.00 price objective on shares of Hilton Worldwide Holdings in a research note on Sunday, January 8th. Finally, Morgan Stanley restated an “overweight” rating and set a $72.00 price objective (down from $75.00) on shares of Hilton Worldwide Holdings in a research note on Tuesday, November 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $73.56.
In related news, insider Kristin Ann Campbell sold 75,000 shares of the company’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $26.21, for a total value of $1,965,750.00. Following the completion of the sale, the insider now directly owns 391,315 shares of the company’s stock, valued at $10,256,366.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.
Hilton Worldwide Holdings Company Profile
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing, developing and franchising hotels, resorts and timeshare properties. The Company operates through three segments: ownership, management and franchise, and timeshare. The Company’s ownership segment consisted of 146 hotels with 59,463 rooms at December 31, 2015.
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