Teachers Retirement System of The State of Kentucky Buys 27,500 Shares of Hilton Hotels Co. (NYSE:HLT)

Teachers Retirement System of The State of Kentucky raised its stake in shares of Hilton Hotels Co. (NYSE:HLT) by 15.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,650 shares of the company’s stock after acquiring an additional 27,500 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.08% of Hilton Hotels worth $15,472,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Capital Research Global Investors increased its position in shares of Hilton Hotels by 195.2% during the 1st quarter. Capital Research Global Investors now owns 21,426,950 shares of the company’s stock valued at $1,462,175,000 after purchasing an additional 14,168,234 shares during the last quarter. Viking Global Investors LP purchased a new stake in Hilton Hotels in the 2nd quarter worth about $534,162,000. Lone Pine Capital LLC purchased a new stake in Hilton Hotels in the 1st quarter worth about $201,489,000. FMR LLC increased its holdings in Hilton Hotels by 322.9% in the 2nd quarter. FMR LLC now owns 3,604,916 shares of the company’s stock worth $264,781,000 after acquiring an additional 2,752,460 shares during the last quarter. Finally, King Street Capital Management L.P. purchased a new stake in Hilton Hotels in the 2nd quarter worth about $88,875,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Shares of HLT traded up $2.09 during mid-day trading on Wednesday, hitting $94.03. 3,831,337 shares of the company’s stock traded hands, compared to its average volume of 4,032,804. The firm has a market capitalization of $25.50 billion, a P/E ratio of 785.00, a PEG ratio of 53.87 and a beta of 1.34. The business’s 50-day moving average price is $85.72 and its 200-day moving average price is $78.26. Hilton Hotels Co. has a 1 year low of $44.30 and a 1 year high of $115.48.

Hilton Hotels (NYSE:HLT) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.30). The firm had revenue of $564.00 million during the quarter, compared to analysts’ expectations of $854.11 million. Hilton Hotels had a negative return on equity of 86.95% and a net margin of 0.70%. Hilton Hotels’s revenue for the quarter was down 77.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 earnings per share. Equities research analysts forecast that Hilton Hotels Co. will post 0.17 EPS for the current year.

In related news, insider Martin Rinck sold 2,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $88.80, for a total value of $177,600.00. Following the sale, the insider now directly owns 4,769 shares of the company’s stock, valued at $423,487.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christopher W. Silcock sold 42,447 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $90.47, for a total value of $3,840,180.09. Following the completion of the sale, the insider now directly owns 45,682 shares in the company, valued at $4,132,850.54. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

A number of research firms have weighed in on HLT. Jefferies Financial Group raised Hilton Hotels from a “hold” rating to a “buy” rating and lifted their target price for the company from $72.00 to $101.00 in a report on Friday, August 14th. Gordon Haskett initiated coverage on Hilton Hotels in a research report on Thursday, June 25th. They set a “hold” rating and a $77.00 price target for the company. Nomura boosted their target price on Hilton Hotels from $102.00 to $121.00 in a research report on Tuesday, June 23rd. Nomura Instinet boosted their target price on Hilton Hotels from $102.00 to $121.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Citigroup boosted their target price on Hilton Hotels from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $87.56.

About Hilton Hotels

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.

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

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