As of June 3, 2023, Edgestream Partners L.P. has reduced its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 72.3%. According to the firm’s latest filing with the Securities and Exchange Commission (SEC), they have sold 609,615 shares of HST’s stock during the fourth quarter, bringing their total ownership down to 233,198 shares worth $3,743,000 as of their most recent SEC filing.
With such a significant reduction in holdings from a top hedge fund like Edgestream Partners L.P., investors are eager to evaluate their own positions and see what other hedge funds are doing with HST. To get the latest insider trades and 13F filings of Host Hotels & Resorts, Inc., they can visit HoldingsChannel.com.
On trading day Friday, June 2, 2023, HST closed at $17.53 after increasing by $0.78 during trading. The number of shares traded was at around 2.8 million, which is significantly lower than its average volume of 7.1 million shares.
Host Hotels & Resorts has a market capitalization of $12.47 billion with a P/E ratio standing at a reasonable level of 14.96 and beta indicating that the stock is very responsive compared to the whole market with a beta value of 1.29. Despite demonstrating some volatility over time due to macroeconomic factors such as rising interest rates and fierce competition among several hospitality brands in North America and globally.
The company’s fifty-day moving average is currently holding steady at $16.76 while its two hundred-day moving average is hovering slightly higher at $16.45.
With an impressive quick ratio of 5:44 Host Hotels & Resorts can continue to attract more risk-averse shareholders who want to invest in reputable firms that can give them returns on investments for their long-term goals. In addition, the company has a current ratio of 5.44 and a debt-to-equity ratio of 0.61.
This boutique hotel chain’s comprehensive portfolio includes premium hotels and resorts across North America, Europe, Asia-Pacific, the Middle East & Africa, which cater to both business and tourist travelers alike. With such admirable attributes despite the current market situation, Host Hotels & Resorts’ one year low and high are $14.51 and $21.25 respectively.
In conclusion, meeting shareholder returns expectations will be something that Host Hotels & Resorts Inc., will aim to achieve with increased collaboration with other hospitality firms in order to offer unique services that encourages repeat bookings ensuring maximum capacity utilization while staying profitable for their investors over time especially after this reduction in Authorised participants(AP’s) holdings has surfaced.
[bs_slider_forecast ticker=”HST”]
Institutional Investors Increase Positions in Host Hotels & Resorts, Inc.
The world of institutional investing and hedge funds is one full of complex numbers, market analysis, and intense strategy. It takes the right combination of astute observation and in-depth research to make informed decisions in a field that requires such a high level of analytical skill. As of June 3, 2023, there has been news surrounding the adjustments made to Host Hotels & Resorts by several institutional investors.
US Bancorp DE is just one of these investors, having increased its position in shares of Host Hotels & Resorts by 2.5% during the first quarter of 2023. This accumulation now puts US Bancorp DE’s holding at 44,045 shares worth $856,000 after an additional purchase of 1,066 shares during the period. Similarly, HighTower Advisors LLC acquired Host Hotels & Resorts during the same time frame with a new position valued at $215K.
Cetera Advisor Networks LLC also saw noticeable movement on their end with an increase in their position by 7.6% during Q1’s bullish markets. Cetera Advisor Networks currently owns $285K worth of Host Hotels & Resorts stock after acquiring an additional 1,034 shares over this period.
Acadian Asset Management LLC was yet another institution that made moves towards accumulating positions in shares over Q1; they now hold upwards to $624K worth of Host Hotels & Resorts. Lastly, Panagora Asset Management Inc., increased its position rate in Hop Hotels & Resorts by as much as 82%, putting them at owning roughly $1.7M worth of shares due to gaining an additional appximately38K items.
It’s interesting to note that all five investors discussed own less than 97% of Host Hotel & Resort’s overall stock line; likely distributed throughout numerous other entities’ holdings around the world.
Considering everything that’s happened since Q1 for HOST stocks (Host Hotel’s common stock), it is unsurprising that research analysts recently issued reports on HST shares. In fact, according to Bloomberg.com, ten research analysts have rated the stock– with three rating it a hold and seven issuing an optimistic buy rating. The company’s average rating is currently pegged at “Moderate Buy” with a target price of $20.86.
The company in question, Host Hotels & Resorts, Inc., is a real estate investment trust specializing in the management of luxurious and upper-upscale hotels across multiple international geographies such as the United States, Brazil and Canada amongst many others. Founded in 1927, it has remained headquartered in Bethesda, Maryland for several decades now – a location that has arguably contributed to its overall success and global expansion efforts.
