BlueMountain Capital Management LLC bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 58,492 shares of the company’s stock, valued at approximately $3,618,000.

A number of other institutional investors have also added to or reduced their stakes in HLT. Westpac Banking Corp grew its position in Hilton Worldwide Holdings by 80.4% in the first quarter. Westpac Banking Corp now owns 196,230 shares of the company’s stock valued at $4,419,000 after acquiring an additional 87,466 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Hilton Worldwide Holdings in the second quarter valued at about $1,089,000. Capstone Asset Management Co. grew its position in Hilton Worldwide Holdings by 161.2% in the second quarter. Capstone Asset Management Co. now owns 13,109 shares of the company’s stock valued at $811,000 after acquiring an additional 8,090 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Hilton Worldwide Holdings by 13.0% during the second quarter. Gateway Investment Advisers LLC now owns 196,106 shares of the company’s stock valued at $12,129,000 after purchasing an additional 22,548 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Hilton Worldwide Holdings by 51.7% during the second quarter. Creative Planning now owns 3,723 shares of the company’s stock valued at $230,000 after purchasing an additional 1,269 shares in the last quarter. Hedge funds and other institutional investors own 99.27% of the company’s stock.

HLT has been the topic of a number of recent research reports. TheStreet lowered Hilton Worldwide Holdings from a “b” rating to a “c+” rating in a research note on Friday, June 30th. Berenberg Bank reissued a “sell” rating and set a $47.00 price target on shares of Hilton Worldwide Holdings in a research note on Thursday, July 27th. BidaskClub lowered Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Telsey Advisory Group lifted their price target on Hilton Worldwide Holdings from $61.00 to $67.00 and gave the company a “market perform” rating in a research note on Wednesday, July 26th. Finally, Barclays PLC lifted their price target on Hilton Worldwide Holdings from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $70.94.

Hilton Worldwide Holdings Inc. (NYSE:HLT) opened at 66.63 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $44.73 and a 52 week high of $67.79. The firm has a 50-day moving average price of $63.28 and a 200 day moving average price of $61.69. The firm has a market capitalization of $21.60 billion, a price-to-earnings ratio of 555.25 and a beta of 1.29.

Hilton Worldwide Holdings (NYSE:HLT) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. Hilton Worldwide Holdings had a return on equity of 19.65% and a net margin of 0.39%. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the business posted $0.25 EPS. The business’s revenue was up 20.3% on a year-over-year basis. On average, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post $1.84 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, August 18th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date is Wednesday, August 16th. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is currently 461.33%.

COPYRIGHT VIOLATION NOTICE: This article was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/17/58492-shares-in-hilton-worldwide-holdings-inc-hlt-purchased-by-bluemountain-capital-management-llc.html.

About Hilton Worldwide Holdings

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT).

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

Receive News & Stock Ratings for Hilton Worldwide Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide Holdings Inc. and related stocks with our FREE daily email newsletter.