CoreCap Advisors LLC Boosts Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

CoreCap Advisors LLC lifted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.1% in the 4th quarter, HoldingsChannel reports. The firm owned 890 shares of the company’s stock after acquiring an additional 51 shares during the period. CoreCap Advisors LLC’s holdings in Hilton Worldwide were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of HLT. Harbor Capital Advisors Inc. increased its stake in Hilton Worldwide by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 8,655 shares of the company’s stock worth $2,139,000 after buying an additional 212 shares in the last quarter. Czech National Bank increased its stake in Hilton Worldwide by 5.3% in the 4th quarter. Czech National Bank now owns 52,857 shares of the company’s stock worth $13,064,000 after buying an additional 2,658 shares in the last quarter. Fiduciary Alliance LLC purchased a new stake in Hilton Worldwide in the 4th quarter worth $1,246,000. Wedmont Private Capital increased its stake in Hilton Worldwide by 8.1% in the 4th quarter. Wedmont Private Capital now owns 3,442 shares of the company’s stock worth $828,000 after buying an additional 258 shares in the last quarter. Finally, Cooper Financial Group increased its stake in Hilton Worldwide by 12.4% in the 4th quarter. Cooper Financial Group now owns 3,637 shares of the company’s stock worth $899,000 after buying an additional 401 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT opened at $243.18 on Monday. Hilton Worldwide Holdings Inc. has a 12 month low of $194.93 and a 12 month high of $275.22. The company has a 50-day moving average price of $225.49 and a 200 day moving average price of $242.70. The company has a market cap of $57.80 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 2.86 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.11. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.53 earnings per share. As a group, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on HLT. Macquarie cut their price target on Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Mizuho reiterated a “neutral” rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Jefferies Financial Group dropped their price objective on shares of Hilton Worldwide from $277.00 to $228.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. The Goldman Sachs Group reissued a “neutral” rating and set a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Finally, Morgan Stanley dropped their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $241.31.

Hilton Worldwide Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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 luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.