Longfellow Investment Management Company LLC Increased Starwood Hotels & Resorts Worl (NYSE:HOT) by $3.54 Million as Shares Rose


Longfellow Investment Management Company Llc increased its stake in Starwood Hotels & Resorts Worl (NYSE:HOT) by 39.65% based on its latest 2016Q2 regulatory filing with the SEC. Longfellow Investment Management Company Llc bought 42,700 shares as the company’s stock rose 23.09% with the market. The institutional investor held 150,400 shares of the consumer services company at the end of 2016Q2, valued at $12.55 million, up from 107,700 at the end of the previous reported quarter. Longfellow Investment Management Company Llc who had been investing in Starwood Hotels & Resorts Worl for a number of months, seems to be bullish on the $12.98 billion market cap company. The stock is down 0.41% or $0.31 hitting $75.18, despite the positive news. About 986,664 shares traded hands. Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) has risen 25.65% since February 8, 2016 and is uptrending. It has outperformed by 9.16% the S&P500.

Longfellow Investment Management Company Llc is a Massachusetts-based institutional investor with more than $6.60 billion AUM in October, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Longfellow Investment Management Company latest Adv, the fund reported to have 19 full and part-time employees. Among which 12 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.17, from 1.03 in 2016Q1. The ratio dived, as 47 funds sold all HOT shares owned while 144 reduced positions. 34 funds bought stakes while 130 increased positions. They now own 171.58 million shares or 8.39% more from 158.29 million shares in 2016Q1.

Water Island Capital Llc holds 8.15% of its portfolio in HOT for 2.23 million shares. Sandell Asset Management Corp owns 492,819 shares or 8.08% of their US portfolio. Moreover, Tig Advisors Llc has 7.78% invested in the company for 1.20 million shares. The New York-based Jet Capital Investors LP has invested 7.39% in the stock. Halcyon Management Partners Lp, a New York-based fund reported 327,298 shares.

Out of 19 analysts covering Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT), 5 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 26% are positive. $93 is the highest target while $60 is the lowest. The $79.38 average target is 5.59% above today’s ($75.18) stock price. Starwood Hotels & Resorts Worldwide Inc has been the topic of 45 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Canaccord Genuity downgraded the stock on May 4 to “Hold” rating. Robert W. Baird maintained the shares of HOT in a report on March 22 with “Neutral” rating. Lastly, Morgan Stanley downgraded the stock to “Equal-Weight” rating in a March 17 report.

Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company. The company has a market cap of $12.98 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 has a 43.62 P/E ratio. The Firm manages and operates its hotel business in three hotel divisions: the Americas; Europe, Africa and the Middle East , and Asia Pacific.

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