As Marriott Intl New (MAR) Shares Declined, Holder Sheets Smith Wealth Management Has Lowered Its Stake by $715,554; As Golar Lng LTD Bermuda (GLNG) Shares Declined, Huber Capital Management Has Increased Stake by $1.34 Million

September 14, 2018 - By Carey Conley

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Sheets Smith Wealth Management decreased its stake in Marriott Intl Inc New (MAR) by 74.76% based on its latest 2018Q2 regulatory filing with the SEC. Sheets Smith Wealth Management sold 5,679 shares as the company’s stock declined 7.79% while stock markets rallied. The institutional investor held 1,917 shares of the hotels and resorts company at the end of 2018Q2, valued at $243,000, down from 7,596 at the end of the previous reported quarter. Sheets Smith Wealth Management who had been investing in Marriott Intl Inc New for a number of months, seems to be less bullish one the $45.17B market cap company. The stock increased 0.50% or $0.65 during the last trading session, reaching $130.19. About 801,116 shares traded. Marriott International, Inc. (NASDAQ:MAR) has risen 21.40% since September 14, 2017 and is uptrending. It has outperformed by 5.78% the S&P500. Some Historical MAR News: 08/05/2018 – MARRIOTT – AT QTR-END, TOTAL DEBT WAS $8,846 MLN & CASH BALANCES TOTALED $701 MLN VS $8,238 MLN IN DEBT AND $383 MLN OF CASH AT YEAR-END 2017; 04/04/2018 – MARRIOTT INTERNATIONAL FILES PRELIMINARY PROSPECTUS SUPPLEMENT RELATED TO A POTENTIAL SERIES X NOTES DUE 2028 OFFERING OF UPTO $450 MLN – SEC FILING; 26/04/2018 – Strategic Property Partners, LLC Commences Construction of Water Street Tampa with a JW Marriott Hotel; 08/05/2018 – MARRIOTT QTRLY TOTAL REVENUES $5,006 MLN VS $4,912 MLN; 03/04/2018 – MARRIOTT FILES PRELIMINARY PROSPECTUS SUPPLEMENT RELATED TO A POTENTIAL NOTES OFFERING – SEC FILING; 17/04/2018 – MarcusĀ® Hotels & Resorts Assumes Management of the DoubleTree by Hilton Hotel El Paso Downtown and Courtyard by Marriott El Paso Downtown/Convention Center; 08/05/2018 – Marriott Sees 2Q EPS $1.34-EPS $1.36; 03/04/2018 – S&PGR Rates Marriott Intl’s $400M Sr Unscd Notes ‘BBB’; 19/03/2018 – PRISA Group and Peachtree Hotel Group Announce Grand Opening of 175-Room AC Hotel by Marriott Tampa/Airport — Westshore; 02/04/2018 – COMMONWEALTH HOTELS BUY TWO ADDED MARRIOTT BRAND HOTELS

Huber Capital Management Llc increased its stake in Golar Lng Ltd Bermuda (GLNG) by 5.63% based on its latest 2018Q2 regulatory filing with the SEC. Huber Capital Management Llc bought 46,255 shares as the company’s stock declined 4.00% while stock markets rallied. The hedge fund held 868,195 shares of the marine transportation company at the end of 2018Q2, valued at $25.58M, up from 821,940 at the end of the previous reported quarter. Huber Capital Management Llc who had been investing in Golar Lng Ltd Bermuda for a number of months, seems to be bullish on the $2.52B market cap company. The stock decreased 2.31% or $0.59 during the last trading session, reaching $24.93. About 406,257 shares traded. Golar LNG Limited (NASDAQ:GLNG) has risen 24.47% since September 14, 2017 and is uptrending. It has outperformed by 8.85% the S&P500. Some Historical GLNG News: 31/05/2018 – GOLAR LNG LTD – UNDERLYING THESIS OF A SUSTAINABLE RECOVERY IN SHIPPING MARKET FROM 3Q 2018 DOES REMAIN INTACT; 31/05/2018 – REG-Golar LNG Dividend information; 19/03/2018 – REG-Golar LNG Limited & Golar LNG Partners L.P. announce organizational changes; 19/04/2018 – GOLAR LNG – PRELIMINARY AGREEMENT CREATES OBLIGATIONS ON CO TO PROGRESS FEED WORK, BE READY FOR VESSEL CONVERSION FROM JULY 1 ONWARDS; 16/04/2018 – First LNG shipment from Cameroon delayed until late April -spokesman; 19/03/2018 – GOLAR LNG LTD – WITH IMMEDIATE EFFECT BRIAN TIENZO WILL STEP DOWN AS CFO OF GOLAR AND WILL TAKE UP POSITION OF CEO AND CFO OF GOLAR LNG PARTNERS; 27/04/2018 – SKAGEN Funds Reports 4.98 % Stake in Golar LNG; 11/05/2018 – GLOBAL LNG-June prices slip on healthy supply; 04/05/2018 – GLOBAL LNG-Prices firm as fundamentals tighten, amid support from oil, coal; 31/05/2018 – OPHIR ENERGY PLC OPHR.L – DISAPPOINTING THAT SCHLUMBERGER WILL NO LONGER BE PART OF PARTNERSHIP GROUP, GOLAR

Sheets Smith Wealth Management, which manages about $700.54M and $427.26 million US Long portfolio, upped its stake in Cisco Sys Inc (NASDAQ:CSCO) by 80,503 shares to 85,841 shares, valued at $3.69 million in 2018Q2, according to the filing. It also increased its holding in Ishares Tr (IWV) by 3,008 shares in the quarter, for a total of 21,800 shares, and has risen its stake in Ishares Tr (IWF).

Investors sentiment increased to 1.02 in 2018 Q2. Its up 0.31, from 0.71 in 2018Q1. It increased, as 32 investors sold MAR shares while 244 reduced holdings. 75 funds opened positions while 207 raised stakes. 207.07 million shares or 4.54% less from 216.91 million shares in 2018Q1 were reported. Park National Corporation Oh reported 2,007 shares. Signaturefd Lc stated it has 0.02% in Marriott International, Inc. (NASDAQ:MAR). Silvercrest Asset Mngmt Grp Limited Liability Company owns 50,367 shares. Huntington Retail Bank has 0.57% invested in Marriott International, Inc. (NASDAQ:MAR) for 269,852 shares. Tompkins Fincl Corporation stated it has 0.19% of its portfolio in Marriott International, Inc. (NASDAQ:MAR). Prudential Fincl Inc invested 0.09% of its portfolio in Marriott International, Inc. (NASDAQ:MAR). Metropolitan Life New York has invested 0% in Marriott International, Inc. (NASDAQ:MAR). Fund Management Sa stated it has 0.04% in Marriott International, Inc. (NASDAQ:MAR). Great Lakes Advisors Ltd Liability Corp holds 5,055 shares or 0.02% of its portfolio. Alexandria Limited Com holds 0.03% in Marriott International, Inc. (NASDAQ:MAR) or 1,628 shares. Stevens Mngmt Limited Partnership reported 0.68% of its portfolio in Marriott International, Inc. (NASDAQ:MAR). Great West Life Assurance Can holds 240,294 shares or 0.07% of its portfolio. Bridges Management holds 2,425 shares or 0.01% of its portfolio. Blackrock has invested 0.1% in Marriott International, Inc. (NASDAQ:MAR). Teacher Retirement Systems Of Texas reported 162,292 shares or 0.13% of all its holdings.

Analysts await Marriott International, Inc. (NASDAQ:MAR) to report earnings on November, 6. They expect $1.31 earnings per share, up 19.09% or $0.21 from last year’s $1.1 per share. MAR’s profit will be $454.55M for 24.85 P/E if the $1.31 EPS becomes a reality. After $1.73 actual earnings per share reported by Marriott International, Inc. for the previous quarter, Wall Street now forecasts -24.28% negative EPS growth.

Since March 20, 2018, it had 0 insider purchases, and 8 sales for $6.15 million activity. The insider Smith Craig S. sold $2.03M. Marriott Juliana B. sold $449,129 worth of stock or 3,206 shares. Shares for $449,129 were sold by Juliana B. Marriott Marital Trust. BUSH MARY K sold $303,227 worth of stock.

Among 22 analysts covering Marriott International (NASDAQ:MAR), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Marriott International had 72 analyst reports since August 5, 2015 according to SRatingsIntel. The company was upgraded on Sunday, May 20 by Evercore. Deutsche Bank maintained the stock with “Hold” rating in Monday, August 7 report. RBC Capital Markets maintained the shares of MAR in report on Monday, June 12 with “Buy” rating. On Tuesday, October 10 the stock rating was maintained by Stifel Nicolaus with “Hold”. The rating was maintained by Robert W. Baird with “Neutral” on Friday, November 10. The firm has “Hold” rating given on Thursday, February 22 by Robert W. Baird. The stock of Marriott International, Inc. (NASDAQ:MAR) has “In-Line” rating given on Tuesday, February 20 by Evercore. Evercore upgraded the shares of MAR in report on Wednesday, August 5 to “Hold” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, June 21 report. The firm has “Hold” rating given on Tuesday, February 21 by SunTrust.

More important recent Marriott International, Inc. (NASDAQ:MAR) news were published by: Bizjournals.com which released: “Marriott brings its newest hotel brand to Mesa” on September 13, 2018, also Investorplace.com published article titled: “6 Monthly Dividend Stocks to Buy”, Bizjournals.com published: “Workers of seven downtown San Francisco hotels vote to authorize strike” on September 14, 2018. More interesting news about Marriott International, Inc. (NASDAQ:MAR) was released by: Bizjournals.com and their article: “Arden-Arcade hotel sold with possible changes coming” with publication date: September 14, 2018.

Another recent and important Golar LNG Limited (NASDAQ:GLNG) news was published by Globenewswire.com which published an article titled: “2018 Annual General Meeting-Notice Amendment” on September 11, 2018.

Huber Capital Management Llc, which manages about $3.94B and $1.54 billion US Long portfolio, decreased its stake in Teekay Tankers Ltd (NYSE:TNK) by 1.48 million shares to 15.03M shares, valued at $17.58M in 2018Q2, according to the filing. It also reduced its holding in First Bancorp N C (NASDAQ:FBNC) by 26,447 shares in the quarter, leaving it with 201,736 shares, and cut its stake in Tupperware Brands Corp (NYSE:TUP).

Marriott International, Inc. (NASDAQ:MAR) Institutional Positions Chart

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