Host Hotels and Resorts Inc (NYSE:HST)’s EVP and Asset Management Minaz Abji acquired 54,150 shares of common stock, at a Price of $ 22.16 per share. The transaction was made as “Exercise or conversion of derivative security exempted pursuant to Rule 16b-3,” (SEC). Following this transaction, Mr. owned 234,518 shares at the company. On the same transaction, Mr. Abji sold 99,150 shares of common stock, at an average price of $ 22.16 per share. After these transactions, Mr. Abji owns directly 135,368 shares of common stock, and another 162,137 shares of restricted stock units. This $16.61 billion Market Cap REIT hadn’t witnessed any insider acquisition since Q1 2009, when Large Shareholder E Richard Marriott purchased 150,000 shares, at prices ranging from $ 3.41 to $ 3.38 per share.
An interesting fact is that, over the last reported quarter, two hedge funds have increased their stake at Host Hotels and Resorts Inc. (NYSE:HST) by a great proportion. Jim Simons’ Renaissance Technologies increased its activity by 1214%, and currently holds more than 4 million shares, worth above $82 million. Furthermore, Citadel Investment Group, Ken Griffin’s hedge fund, has augmented its participation at the company by 5667%. It now owns 2,109,629 shares at the company, worth $42 million, and accounting for 0.05% of the fund’s Equity Portfolio.