Highline Capital Management Cut Marriott Intl New (MAR) Stake by $45.05 Million; Market Value Rose; Phi (PHIIK) Shares Declined While West Face Capital Has Cut Its Holding

February 22, 2018 - By Winifred Garcia

Jacob Doft decreased its stake in Marriott Intl Inc New (MAR) by 30.95% based on its latest 2017Q3 regulatory filing with the SEC. Highline Capital Management Llc sold 409,532 shares as the company’s stock rose 15.06% with the market. The hedge fund run by Jacob Doft held 913,668 shares of the hotels and resorts company at the end of 2017Q3, valued at $100.74M, down from 1.32M at the end of the previous reported quarter. Highline Capital Management Llc who had been investing in Marriott Intl Inc New for a number of months, seems to be less bullish one the $50.25B market cap company. The stock decreased 0.74% or $1.05 during the last trading session, reaching $140.58. About 1.89M shares traded. Marriott International, Inc. (NASDAQ:MAR) has risen 58.26% since February 22, 2017 and is uptrending. It has outperformed by 41.56% the S&P500.

Greg Boland decreased its stake in Phi Inc (PHIIK) by 2.65% based on its latest 2017Q3 regulatory filing with the SEC. West Face Capital Inc sold 79,604 shares as the company’s stock declined 40.48% while stock markets rallied. The hedge fund run by Greg Boland held 2.93M shares of the transportation company at the end of 2017Q3, valued at $34.41 million, down from 3.01 million at the end of the previous reported quarter. West Face Capital Inc who had been investing in Phi Inc for a number of months, seems to be less bullish one the $172.23 million market cap company. The stock increased 1.07% or $0.115 during the last trading session, reaching $10.865. About 17,894 shares traded. PHI, Inc. (NASDAQ:PHIIK) has declined 42.63% since February 22, 2017 and is downtrending. It has underperformed by 59.33% the S&P500.




Since September 1, 2017, it had 0 insider purchases, and 11 selling transactions for $16.61 million activity. On Wednesday, December 13 Linnartz Stephanie sold $659,348 worth of Marriott International, Inc. (NASDAQ:MAR) or 5,113 shares. The insider Ryan Edward A sold $462,245. 8,644 Marriott International, Inc. (NASDAQ:MAR) shares with value of $1.12 million were sold by DUNCAN BRUCE W. MARRIOTT J W JR had sold 10,376 shares worth $1.06 million. On Thursday, September 21 the insider Kyriakidis Argiris sold $323,520. Harrison Deborah Marriott sold $4.56M worth of stock.

Among 20 analysts covering Marriott International (NASDAQ:MAR), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. Marriott International had 62 analyst reports since August 5, 2015 according to SRatingsIntel. Barclays Capital downgraded the stock to “Overweight” rating in Wednesday, August 12 report. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, November 4. The firm earned “Neutral” rating on Thursday, January 14 by M Partners. On Tuesday, December 8 the stock rating was initiated by Berenberg with “Buy”. Telsey Advisory Group maintained the shares of MAR in report on Friday, September 23 with “Market Perform” rating. The stock of Marriott International, Inc. (NASDAQ:MAR) earned “Hold” rating by Robert W. Baird on Monday, January 8. The firm has “Hold” rating given on Tuesday, October 17 by Robert W. Baird. On Friday, August 21 the stock rating was downgraded by Zacks to “Buy”. As per Monday, September 7, the company rating was maintained by Evercore. Stifel Nicolaus maintained it with “Hold” rating and $142.0 target in Thursday, February 1 report.

Analysts await Marriott International, Inc. (NASDAQ:MAR) to report earnings on May, 14. They expect $1.20 EPS, up 18.81% or $0.19 from last year’s $1.01 per share. MAR’s profit will be $428.92 million for 29.29 P/E if the $1.20 EPS becomes a reality. After $1.12 actual EPS reported by Marriott International, Inc. for the previous quarter, Wall Street now forecasts 7.14% EPS growth.

Highline Capital Management Llc, which manages about $3.04 billion and $3.53 billion US Long portfolio, upped its stake in Eldorado Resorts Inc (NASDAQ:ERI) by 55,000 shares to 3.35M shares, valued at $85.82M in 2017Q3, according to the filing. It also increased its holding in Community Health Sys Inc New (NYSE:CYH) by 75,600 shares in the quarter, for a total of 1.92M shares, and has risen its stake in Boyd Gaming Corp (NYSE:BYD).

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.09, from 1.01 in 2017Q2. It turned negative, as 44 investors sold MAR shares while 224 reduced holdings. 66 funds opened positions while 180 raised stakes. 236.59 million shares or 1.84% less from 241.03 million shares in 2017Q2 were reported. Dekabank Deutsche Girozentrale invested in 69,827 shares. Amer & Mngmt owns 12,399 shares or 0.44% of their US portfolio. Tower Research Capital Ltd Com (Trc) reported 0.03% of its portfolio in Marriott International, Inc. (NASDAQ:MAR). Credit Suisse Ag reported 444,802 shares stake. Folger Nolan Fleming Douglas Capital Management has 56,231 shares for 0.9% of their portfolio. Westwood Holdings Gru invested in 0% or 80 shares. Edgestream Ptnrs Lp holds 0.5% of its portfolio in Marriott International, Inc. (NASDAQ:MAR) for 8,452 shares. Colony Grp Lc reported 3,264 shares. Canada Pension Plan Invest Board has invested 0.09% in Marriott International, Inc. (NASDAQ:MAR). Ameriprise Fincl Inc reported 1.25 million shares stake. Highfields Cap Mgmt LP accumulated 7.67M shares. Qs Invsts Llc, a New York-based fund reported 4,840 shares. Massachusetts Ma has 4.48 million shares. Zeke Capital Advsrs Ltd Company invested in 5,059 shares or 0.08% of the stock. Macquarie Group, a Australia-based fund reported 110,632 shares.

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