Alphasimplex Group LLC Decreases Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Alphasimplex Group LLC decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) by 51.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,505 shares of the company’s stock after selling 1,612 shares during the period. Alphasimplex Group LLC’s holdings in Hilton Worldwide were worth $235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HLT. First Horizon Advisors Inc. increased its position in Hilton Worldwide by 13.1% during the third quarter. First Horizon Advisors Inc. now owns 957 shares of the company’s stock worth $126,000 after buying an additional 111 shares during the period. CIBC Asset Management Inc increased its position in Hilton Worldwide by 4.7% during the third quarter. CIBC Asset Management Inc now owns 25,552 shares of the company’s stock worth $3,376,000 after buying an additional 1,155 shares during the period. Teacher Retirement System of Texas increased its position in Hilton Worldwide by 16.6% during the third quarter. Teacher Retirement System of Texas now owns 69,749 shares of the company’s stock worth $9,215,000 after buying an additional 9,944 shares during the period. Creative Planning increased its position in Hilton Worldwide by 45.2% during the third quarter. Creative Planning now owns 5,738 shares of the company’s stock worth $758,000 after buying an additional 1,787 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in Hilton Worldwide by 24.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,770 shares of the company’s stock worth $366,000 after buying an additional 547 shares during the period. 97.94% of the stock is currently owned by institutional investors.

HLT has been the topic of a number of recent research reports. Jefferies Financial Group boosted their target price on Hilton Worldwide from $169.00 to $179.00 and gave the company a “buy” rating in a report on Thursday, February 17th. Raymond James boosted their target price on Hilton Worldwide from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, February 18th. Wells Fargo & Company boosted their target price on Hilton Worldwide from $147.00 to $160.00 and gave the company an “equal weight” rating in a report on Tuesday, February 22nd. Macquarie boosted their target price on Hilton Worldwide from $136.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, February 18th. Finally, Truist Financial boosted their target price on Hilton Worldwide from $139.00 to $152.00 and gave the company a “hold” rating in a report on Thursday, February 17th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $154.64.

In related news, Director Raymond E. Mabus acquired 700 shares of Hilton Worldwide stock in a transaction dated Friday, March 11th. The shares were acquired at an average cost of $144.70 per share, for a total transaction of $101,290.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew W. Schuyler sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $157.71, for a total value of $473,130.00. The disclosure for this sale can be found here. Insiders sold 12,657 shares of company stock worth $1,883,800 over the last 90 days. Company insiders own 2.40% of the company’s stock.

HLT traded up $4.16 during trading on Friday, reaching $136.59. 2,087,633 shares of the stock were exchanged, compared to its average volume of 2,642,915. The business’s 50 day moving average price is $149.11 and its two-hundred day moving average price is $147.26. The company has a market capitalization of $38.02 billion, a price-to-earnings ratio of 52.74 and a beta of 1.16. Hilton Worldwide Holdings Inc. has a 1 year low of $114.70 and a 1 year high of $167.99.

Hilton Worldwide (NYSE:HLTGet Rating) last posted its earnings results on Tuesday, May 3rd. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.75 billion. Hilton Worldwide had a negative return on equity of 76.75% and a net margin of 11.00%. Hilton Worldwide’s quarterly revenue was up 96.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share. Equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 3.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, May 27th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $0.60 annualized dividend and a dividend yield of 0.44%.

About Hilton Worldwide (Get Rating)

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

See Also

Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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