Teacher Retirement System of Texas Acquires 9,944 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Teacher Retirement System of Texas increased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 16.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,749 shares of the company’s stock after purchasing an additional 9,944 shares during the quarter. Teacher Retirement System of Texas’ holdings in Hilton Worldwide were worth $9,215,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HLT. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Hilton Worldwide during the 2nd quarter worth about $34,000. Parkside Financial Bank & Trust grew its position in shares of Hilton Worldwide by 154.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 272 shares of the company’s stock worth $36,000 after buying an additional 165 shares during the period. Spectrum Management Group LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at approximately $37,000. 1832 Asset Management L.P. grew its position in shares of Hilton Worldwide by 476.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 317 shares of the company’s stock valued at $38,000 after purchasing an additional 262 shares during the period. Finally, Arlington Partners LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 96.04% of the company’s stock.

Several brokerages recently issued reports on HLT. Bernstein Bank lowered Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $161.00 price objective for the company. in a research report on Monday, January 10th. Loop Capital boosted their price objective on Hilton Worldwide from $140.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 2nd. Argus boosted their price objective on Hilton Worldwide from $162.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, December 28th. BMO Capital Markets boosted their target price on Hilton Worldwide from $135.00 to $144.00 and gave the company a “market perform” rating in a research note on Thursday, October 28th. They noted that the move was a valuation call. Finally, Citigroup boosted their target price on Hilton Worldwide from $137.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 6th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus price target of $144.56.

In other news, insider Matthew W. Schuyler sold 10,000 shares of the stock in a transaction on Friday, November 5th. The stock was sold at an average price of $152.19, for a total transaction of $1,521,900.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kevin J. Jacobs sold 195,722 shares of the stock in a transaction on Wednesday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $28,403,176.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 211,722 shares of company stock worth $30,773,357. Insiders own 2.40% of the company’s stock.

HLT stock opened at $147.98 on Friday. The firm has a market capitalization of $41.24 billion, a PE ratio of 1,138.31 and a beta of 1.27. Hilton Worldwide Holdings Inc. has a 1-year low of $98.57 and a 1-year high of $159.21. The business’s 50 day simple moving average is $146.36 and its 200 day simple moving average is $136.21.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, October 27th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). Hilton Worldwide had a net margin of 0.81% and a negative return on equity of 25.13%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the company earned $0.06 earnings per share. The business’s quarterly revenue was up 87.5% compared to the same quarter last year. As a group, research analysts predict that Hilton Worldwide Holdings Inc. will post 2.13 EPS for the current fiscal year.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees.

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

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