NN Investment Partners Holdings N.V. decreased its position in Marriott International Inc (NASDAQ:MAR) by 22.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,617 shares of the company’s stock after selling 27,592 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Marriott International were worth $12,625,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Sun Life Financial INC boosted its holdings in Marriott International by 331.6% during the second quarter. Sun Life Financial INC now owns 807 shares of the company’s stock worth $102,000 after buying an additional 620 shares during the last quarter. Centaurus Financial Inc. bought a new position in Marriott International during the second quarter worth about $102,000. Fort L.P. bought a new position in Marriott International during the second quarter worth about $114,000. CenterStar Asset Management LLC bought a new position in Marriott International during the third quarter worth about $133,000. Finally, Tortoise Investment Management LLC bought a new position in Marriott International during the second quarter worth about $155,000. Institutional investors and hedge funds own 61.94% of the company’s stock.
Shares of Marriott International stock opened at $116.89 on Thursday. Marriott International Inc has a 52-week low of $106.96 and a 52-week high of $149.21. The company has a market capitalization of $40.00 billion, a P/E ratio of 26.81, a PEG ratio of 1.71 and a beta of 1.33. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.95.
MAR has been the topic of a number of recent analyst reports. Zacks Investment Research cut Marriott International from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. BidaskClub upgraded Marriott International from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Jefferies Financial Group restated a “hold” rating and set a $134.00 target price on shares of Marriott International in a report on Wednesday, August 8th. Morgan Stanley cut Marriott International from an “overweight” rating to an “equal” rating and set a $129.00 target price on the stock. in a report on Tuesday, July 24th. Finally, SunTrust Banks restated a “hold” rating and set a $136.00 target price on shares of Marriott International in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $144.23.
In other news, Director Frederick A. Henderson bought 1,640 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The shares were acquired at an average price of $120.84 per share, with a total value of $198,177.60. Following the transaction, the director now owns 1,640 shares in the company, valued at $198,177.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.99% of the stock is currently owned by company insiders.
Marriott International Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
Recommended Story: What are the benefits of a balanced fund?
Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International Inc (NASDAQ:MAR).
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.