Oxbow Advisors LLC Purchases New Holdings in Marriott International Inc (NASDAQ:MAR)
Oxbow Advisors LLC purchased a new stake in Marriott International Inc (NASDAQ:MAR) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 7,200 shares of the company’s stock, valued at approximately $1,090,000.
A number of other institutional investors also recently modified their holdings of the stock. Palladium Partners LLC lifted its stake in Marriott International by 287.9% in the 4th quarter. Palladium Partners LLC now owns 9,915 shares of the company’s stock valued at $1,501,000 after buying an additional 7,359 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Marriott International by 3.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 18,319 shares of the company’s stock worth $2,773,000 after purchasing an additional 582 shares in the last quarter. Cedar Brook Financial Partners LLC purchased a new position in Marriott International in the 4th quarter worth approximately $242,000. Zevin Asset Management LLC purchased a new position in Marriott International in the 4th quarter worth approximately $215,000. Finally, Signaturefd LLC lifted its stake in Marriott International by 17.4% in the 4th quarter. Signaturefd LLC now owns 1,446 shares of the company’s stock worth $219,000 after purchasing an additional 214 shares in the last quarter. 60.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ MAR traded down $1.82 during midday trading on Friday, reaching $144.90. 2,441,178 shares of the stock were exchanged, compared to its average volume of 1,631,783. The company has a 50 day simple moving average of $146.50 and a 200 day simple moving average of $135.36. The stock has a market capitalization of $47.63 billion, a P/E ratio of 37.54, a PEG ratio of 3.40 and a beta of 1.31. The company has a debt-to-equity ratio of 13.63, a quick ratio of 0.51 and a current ratio of 0.51. Marriott International Inc has a twelve month low of $116.85 and a twelve month high of $153.39.
In other Marriott International news, CEO Arne M. Sorenson sold 47,824 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $142.26, for a total value of $6,803,442.24. Following the completion of the transaction, the chief executive officer now owns 734,598 shares of the company’s stock, valued at approximately $104,503,911.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephanie Linnartz sold 16,606 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $151.00, for a total transaction of $2,507,506.00. Following the completion of the transaction, the executive vice president now directly owns 64,431 shares of the company’s stock, valued at approximately $9,729,081. The disclosure for this sale can be found here. Insiders sold a total of 118,162 shares of company stock valued at $17,045,311 in the last quarter. 12.60% of the stock is owned by insiders.
MAR has been the topic of a number of research reports. BMO Capital Markets reissued a “hold” rating and issued a $128.00 target price on shares of Marriott International in a research note on Wednesday, November 6th. Wells Fargo & Co cut their price target on shares of Marriott International from $135.00 to $130.00 and set a “market perform” rating for the company in a report on Friday, October 18th. Berenberg Bank downgraded shares of Marriott International from a “buy” rating to a “hold” rating and raised their price target for the stock from $140.00 to $151.00 in a report on Friday, January 17th. They noted that the move was a valuation call. Barclays raised their price target on shares of Marriott International from $135.00 to $147.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 24th. They noted that the move was a valuation call. Finally, Raymond James downgraded shares of Marriott International from an “outperform” rating to a “market perform” rating and set a $145.00 price target for the company. in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $140.33.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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