Hilton Worldwide Holdings Inc. (HLT) Short Interest Up 16.4% in September
Hilton Worldwide Holdings Inc. (NYSE:HLT) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 33,403,992 shares, an increase of 16.4% from the September 15th total of 28,697,050 shares. Currently, 6.4% of the shares of the company are sold short. Based on an average daily volume of 6,221,078 shares, the days-to-cover ratio is presently 5.4 days.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc increased its position in Hilton Worldwide Holdings by 1.4% in the second quarter. CIBC Asset Management Inc now owns 38,344 shares of the company’s stock worth $864,000 after buying an additional 543 shares during the period. IBM Retirement Fund increased its position in Hilton Worldwide Holdings by 1.4% in the second quarter. IBM Retirement Fund now owns 62,105 shares of the company’s stock worth $1,460,000 after buying an additional 865 shares during the period. Tredje AP fonden increased its position in Hilton Worldwide Holdings by 2.0% in the second quarter. Tredje AP fonden now owns 49,465 shares of the company’s stock worth $1,114,000 after buying an additional 986 shares during the period. Moors & Cabot Inc. increased its position in Hilton Worldwide Holdings by 3.8% in the second quarter. Moors & Cabot Inc. now owns 30,492 shares of the company’s stock worth $687,000 after buying an additional 1,130 shares during the period. Finally, Trust Co increased its position in Hilton Worldwide Holdings by 12.0% in the first quarter. Trust Co now owns 12,100 shares of the company’s stock worth $272,000 after buying an additional 1,300 shares during the period. 99.72% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on HLT shares. Wolfe Research started coverage on shares of Hilton Worldwide Holdings in a research note on Wednesday, July 6th. They set an “outperform” rating for the company. Zacks Investment Research upgraded shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. TheStreet upgraded shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating in a research note on Monday, June 20th. Deutsche Bank AG dropped their price objective on shares of Hilton Worldwide Holdings from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Finally, Sanford C. Bernstein initiated coverage on shares of Hilton Worldwide Holdings in a research note on Thursday, September 8th. They issued a “market perform” rating and a $26.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.71.
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Hilton Worldwide Holdings (NYSE:HLT) opened at 22.89 on Monday. The stock has a 50 day moving average of $23.15 and a 200 day moving average of $22.69. The company has a market cap of $22.66 billion, a price-to-earnings ratio of 13.79 and a beta of 1.25. Hilton Worldwide Holdings has a 52 week low of $16.16 and a 52 week high of $26.27.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.01. The company earned $3.05 billion during the quarter, compared to analyst estimates of $3.06 billion. Hilton Worldwide Holdings had a net margin of 14.20% and a return on equity of 14.59%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. Equities research analysts predict that Hilton Worldwide Holdings will post $0.90 earnings per share for the current fiscal year.
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. It operates through three segments: management and franchise, ownership and timeshare. It has approximately 4,610 hotels, resorts and timeshare properties comprising over 758,502 rooms in approximately 100 countries and territories.
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