Hilton Worldwide Holdings Inc. (
NYSE: HLT) has been a subject of various transactions and evaluations recently. Assenagon Asset Management sold its shares, while Oak Thistle LLC invested $584,000 in the company. Meanwhile, the hotel chain added a massive $3.5 billion authorization to expand its stock buyback program. However, Hilton's lower outlook put a considerable weight on hotel stocks. Despite the lowered outlook, HLT's Q3 earnings outperformed other travel and vacation providers. The stock also drew notable interest from various investment firms, from Fiduciary Alliance LLC to Dale Q. Rice Investment Management Ltd. Bill Ackman, the popular hedge fund manager, also counts Hilton as his top stock. The
Robust Growth in Hilton led to a 7.1% increase since the last earnings report, but international consulting firm
Melius cut Hilton's stock to a hold rating due to a rapid price rise.
Bill Ackman, Billionaire investor, who has a nearly 20% of his portfolio in travel stocks, holds Hilton in high regard. Even forecasts predict that Hilton stocks will continue to reap rewards while leveraging its brand strength for sustained growth.
Hilton Stocks HLT News Analytics from Tue, 19 Jan 2016 08:00:00 GMT to Sat, 18 Jan 2025 09:05:23 GMT -
Rating 7
- Innovation 3
- Information 9
- Rumor 2
