Redwood Investment Management LLC Lowers Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Redwood Investment Management LLC reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 72.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,182 shares of the company's stock after selling 19,129 shares during the period. Redwood Investment Management LLC's holdings in Hilton Worldwide were worth $1,775,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HLT. Marcum Wealth LLC grew its position in Hilton Worldwide by 14.2% in the fourth quarter. Marcum Wealth LLC now owns 1,005 shares of the company's stock worth $248,000 after acquiring an additional 125 shares in the last quarter. Pines Wealth Management LLC bought a new stake in Hilton Worldwide during the fourth quarter worth about $205,000. Oak Thistle LLC purchased a new position in shares of Hilton Worldwide in the 4th quarter worth about $584,000. Fifth Third Wealth Advisors LLC increased its position in shares of Hilton Worldwide by 5.0% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,266 shares of the company's stock valued at $560,000 after purchasing an additional 107 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of Hilton Worldwide by 19.6% during the 4th quarter. Park Avenue Securities LLC now owns 6,639 shares of the company's stock valued at $1,641,000 after buying an additional 1,089 shares in the last quarter. Institutional investors own 95.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on HLT shares. Susquehanna lifted their price target on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Macquarie decreased their target price on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their price target for the stock from $228.00 to $296.00 in a research note on Monday, May 12th. Wells Fargo & Company raised their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $235.00 target price (down previously from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Eleven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $245.56.

Hilton Worldwide Stock Up 0.3%

Hilton Worldwide stock traded up $0.67 during trading hours on Monday, hitting $256.44. The stock had a trading volume of 1,072,809 shares, compared to its average volume of 1,761,445. The stock's 50-day moving average price is $226.35 and its 200-day moving average price is $243.29. Hilton Worldwide Holdings Inc. has a 12-month low of $194.93 and a 12-month high of $275.22. The stock has a market capitalization of $60.96 billion, a P/E ratio of 41.70, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.61 by $0.11. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Hilton Worldwide's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned $1.53 EPS. On average, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Company 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.