Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Squarepoint Ops LLC


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Squarepoint Ops LLC lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 82.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,970 shares of the company’s stock after selling 33,493 shares during the quarter. Squarepoint Ops LLC’s holdings in Marriott International were worth $919,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in MAR. Valeo Financial Advisors LLC lifted its holdings in Marriott International by 692.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 198 shares of the company’s stock valued at $26,000 after acquiring an additional 173 shares during the period. Jeppson Wealth Management LLC acquired a new position in shares of Marriott International during the 3rd quarter worth $30,000. Trustcore Financial Services LLC raised its stake in shares of Marriott International by 689.7% during the 4th quarter. Trustcore Financial Services LLC now owns 229 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the last quarter. Chiron Capital Management LLC acquired a new position in shares of Marriott International during the 3rd quarter worth $35,000. Finally, Perpetual Ltd acquired a new position in shares of Marriott International during the 3rd quarter worth $37,000. 57.71% of the stock is owned by institutional investors.

In other Marriott International news, President Stephanie Linnartz sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 24th. The stock was sold at an average price of $154.69, for a total value of $3,093,800.00. Following the transaction, the president now directly owns 63,671 shares of the company’s stock, valued at approximately $9,849,266.99. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Craig S. Smith sold 6,099 shares of the company’s stock in a transaction that occurred on Wednesday, March 31st. The shares were sold at an average price of $148.10, for a total value of $903,261.90. Insiders have sold a total of 69,793 shares of company stock worth $10,818,947 over the last three months. 12.77% of the stock is currently owned by corporate insiders.

Marriott International stock opened at $148.81 on Thursday. The stock’s 50 day moving average price is $147.04 and its 200 day moving average price is $124.19. The firm has a market capitalization of $48.28 billion, a PE ratio of 280.78 and a beta of 1.83. The company has a debt-to-equity ratio of 42.27, a quick ratio of 0.59 and a current ratio of 0.59. Marriott International, Inc. has a one year low of $71.52 and a one year high of $159.98.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Thursday, February 18th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.42 billion. Marriott International had a return on equity of 188.71% and a net margin of 1.28%. During the same period in the previous year, the company posted $1.57 EPS. On average, analysts forecast that Marriott International, Inc. will post -0.22 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on MAR shares. Morgan Stanley lifted their price target on Marriott International from $120.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 25th. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $150.00 to $158.00 in a research report on Monday, March 1st. Wells Fargo & Company lifted their price objective on Marriott International from $147.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, March 1st. Smith Barney Citigroup upgraded Marriott International from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 15th. Finally, Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating and set a $159.00 price objective for the company in a research report on Tuesday, March 23rd. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $125.32.

Marriott International Profile

Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: U.S. & Canada; Asia Pacific; and Europe, Middle East and Africa (“EMEA“). The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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