Adelante Capital Management Holding in Marriott International (MAR) Decreased by $15.43 Million as Market Valuation Rose; Overstock Com Del (OSTK) Shareholder Vertex One Asset Management Trimmed Its Position

May 25, 2018 - By Michael Collier

Marriott International, Inc. (NASDAQ:MAR) Logo

Adelante Capital Management Llc decreased its stake in Marriott International (MAR) by 22.39% based on its latest 2017Q4 regulatory filing with the SEC. Adelante Capital Management Llc sold 114,322 shares as the company’s stock rose 1.21% while stock markets declined. The hedge fund held 396,351 shares of the hotels and resorts company at the end of 2017Q4, valued at $53.80M, down from 510,673 at the end of the previous reported quarter. Adelante Capital Management Llc who had been investing in Marriott International for a number of months, seems to be less bullish one the $48.84B market cap company. The stock increased 0.26% or $0.36 during the last trading session, reaching $138.23. About 180,018 shares traded. Marriott International, Inc. (NASDAQ:MAR) has risen 45.53% since May 25, 2017 and is uptrending. It has outperformed by 33.98% the S&P500.

John Thiessen decreased its stake in Overstock Com Inc Del (OSTK) by 62.76% based on its latest 2017Q4 regulatory filing with the SEC. Vertex One Asset Management Inc sold 158,965 shares as the company’s stock declined 42.32% with the market. The hedge fund run by John Thiessen held 94,331 shares of the consumer services company at the end of 2017Q4, valued at $6.03M, down from 253,296 at the end of the previous reported quarter. Vertex One Asset Management Inc who had been investing in Overstock Com Inc Del for a number of months, seems to be less bullish one the $988.30M market cap company. The stock decreased 3.66% or $1.3 during the last trading session, reaching $34.2. About 146,742 shares traded. Overstock.com, Inc. (NASDAQ:OSTK) has risen 121.14% since May 25, 2017 and is uptrending. It has outperformed by 109.59% the S&P500.

Vertex One Asset Management Inc, which manages about $587.03 million US Long portfolio, upped its stake in Rowan Companies Plc (NYSE:RDC) by 70,000 shares to 336,000 shares, valued at $5.26 million in 2017Q4, according to the filing. It also increased its holding in Social Cap Hedosophia Hldgs by 504,000 shares in the quarter, for a total of 1.33M shares, and has risen its stake in Unisys Corp (NYSE:UIS).

More notable recent Overstock.com, Inc. (NASDAQ:OSTK) news were published by: Globenewswire.com which released: “Overstock.com Introduces 17 Exclusive Private Label Furniture Brands” on May 16, 2018, also Investingnews.com with their article: “Harvest Rebalances Blockchain ETF” published on May 23, 2018, Seekingalpha.com published: “Overstock Q1 2018 Earnings Preview” on May 08, 2018. More interesting news about Overstock.com, Inc. (NASDAQ:OSTK) were released by: Globenewswire.com and their article: “OSTK DEADLINE ALERT: Rosen Law Firm Reminds Overstock.com, Inc. Investors of Important May 29 Deadline in …” published on May 17, 2018 as well as Globenewswire.com‘s news article titled: “Overstock.com Reports Q1 2018 Results” with publication date: May 08, 2018.

Investors sentiment decreased to 1.3 in Q4 2017. Its down 0.47, from 1.77 in 2017Q3. It dropped, as 27 investors sold OSTK shares while 33 reduced holdings. 54 funds opened positions while 24 raised stakes. 16.49 million shares or 48.44% more from 11.11 million shares in 2017Q3 were reported. Aqr Cap Management Limited Com stated it has 0% in Overstock.com, Inc. (NASDAQ:OSTK). Moreover, Eam Invsts Ltd Liability Company has 0.39% invested in Overstock.com, Inc. (NASDAQ:OSTK). The Washington-based Parametric Assocs Ltd Llc has invested 0% in Overstock.com, Inc. (NASDAQ:OSTK). 4,585 are owned by Qcm Cayman. 1,780 are held by Royal Fincl Bank Of Canada. Victory Capital Mgmt holds 0% or 20,740 shares in its portfolio. Edge Wealth Mngmt Llc accumulated 2,000 shares or 0.04% of the stock. North Star Inv Mgmt Corporation invested in 0% or 250 shares. Quantbot Tech LP reported 10,264 shares. Altavista Wealth Mgmt invested in 0.09% or 3,200 shares. Manufacturers Life Ins The has invested 0% of its portfolio in Overstock.com, Inc. (NASDAQ:OSTK). State Bank Of New York Mellon Corporation holds 0% of its portfolio in Overstock.com, Inc. (NASDAQ:OSTK) for 83,526 shares. Switzerland-based Swiss Bancorp has invested 0% in Overstock.com, Inc. (NASDAQ:OSTK). 4,700 were accumulated by Ubs Asset Mngmt Americas. 3,305 were accumulated by Integral Derivatives Limited Liability Co.

Since February 1, 2018, it had 0 insider purchases, and 2 insider sales for $321,325 activity. Knab John Paul had sold 1,500 shares worth $56,925 on Friday, May 18.

Among 2 analysts covering Overstock.com (NASDAQ:OSTK), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Overstock.com had 7 analyst reports since May 26, 2016 according to SRatingsIntel. DA Davidson maintained the stock with “Buy” rating in Monday, March 19 report. On Friday, December 1 the stock rating was maintained by DA Davidson with “Buy”. The firm has “Buy” rating by DA Davidson given on Thursday, November 9. The stock of Overstock.com, Inc. (NASDAQ:OSTK) has “Buy” rating given on Wednesday, February 1 by Maxim Group. As per Monday, March 5, the company rating was maintained by DA Davidson. On Thursday, May 26 the stock rating was initiated by Maxim Group with “Buy”. The firm has “Buy” rating by DA Davidson given on Wednesday, September 6.

Analysts await Overstock.com, Inc. (NASDAQ:OSTK) to report earnings on August, 2. They expect $-0.86 EPS, down 196.55% or $0.57 from last year’s $-0.29 per share. After $-1.74 actual EPS reported by Overstock.com, Inc. for the previous quarter, Wall Street now forecasts -50.57% EPS growth.

Investors sentiment increased to 1.09 in Q4 2017. Its up 0.17, from 0.92 in 2017Q3. It is positive, as 25 investors sold MAR shares while 240 reduced holdings. 97 funds opened positions while 191 raised stakes. 224.71 million shares or 5.02% less from 236.59 million shares in 2017Q3 were reported. Atlantic Group Ltd Liability reported 162,678 shares stake. Balyasny Asset Ltd Com accumulated 2,056 shares. Amalgamated State Bank stated it has 40,240 shares. Twin Cap Management owns 51,960 shares or 0.35% of their US portfolio. Blb&B Advisors Ltd Liability reported 2,533 shares stake. Nelson Roberts Invest Advsr Limited Com holds 0% in Marriott International, Inc. (NASDAQ:MAR) or 45 shares. 38,524 were accumulated by State Of Alaska Department Of Revenue. Cibc Ww Markets Corp owns 96,255 shares or 0.09% of their US portfolio. Advisors Asset Mgmt Inc has invested 0.02% in Marriott International, Inc. (NASDAQ:MAR). Westfield Cap Mngmt LP has invested 1.61% in Marriott International, Inc. (NASDAQ:MAR). Patten Group Incorporated has invested 0.67% of its portfolio in Marriott International, Inc. (NASDAQ:MAR). Carret Asset invested 0.11% of its portfolio in Marriott International, Inc. (NASDAQ:MAR). Advisers Ltd Llc has invested 0.12% in Marriott International, Inc. (NASDAQ:MAR). Commerzbank Aktiengesellschaft Fi holds 38,515 shares. California Employees Retirement owns 718,301 shares.

Since December 8, 2017, it had 1 buy, and 10 selling transactions for $30.92 million activity. 19,510 shares were sold by Capuano Anthony, worth $2.60 million on Monday, December 18. BUSH MARY K also sold $303,227 worth of Marriott International, Inc. (NASDAQ:MAR) on Tuesday, May 15. Another trade for 1,000 shares valued at $143,828 was made by Marriott Stephen Blake on Friday, March 9. Shares for $7.24 million were sold by McPherson Amy. 7,600 shares valued at $1.01 million were sold by Rodriguez David A on Tuesday, December 19. $2.03M worth of Marriott International, Inc. (NASDAQ:MAR) shares were sold by Smith Craig S..

More important recent Marriott International, Inc. (NASDAQ:MAR) news were published by: Bizjournals.com which released: “Marriott-brand hotels sprouting next to Topgolf, on Nashville’s east bank of Cumberland River” on April 30, 2018, also Bizjournals.com published article titled: “By Rebecca Cooper – Senior Staff Reporter, Washington Business Journal”, Bizjournals.com published: “Debra Lee stepping down as head of BET. And her DC mansion is still for sale.” on May 25, 2018. More interesting news about Marriott International, Inc. (NASDAQ:MAR) was released by: Bizjournals.com and their article: “REIT pays off balance on Renaissance Tampa as it heads toward sale” with publication date: May 24, 2018.

Adelante Capital Management Llc, which manages about $1.78B and $1.84 billion US Long portfolio, upped its stake in Welltower Inc. by 35,660 shares to 1.59 million shares, valued at $101.60M in 2017Q4, according to the filing. It also increased its holding in Terreno Realty Corp (NYSE:TRNO) by 21,285 shares in the quarter, for a total of 445,470 shares, and has risen its stake in Vornado Realty Trust (NYSE:VNO).

Among 20 analysts covering Marriott International (NASDAQ:MAR), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. Marriott International had 66 analyst reports since August 5, 2015 according to SRatingsIntel. The company was downgraded on Monday, November 28 by Evercore. The stock has “Market Perform” rating by Telsey Advisory Group on Friday, September 23. As per Friday, September 22, the company rating was maintained by RBC Capital Markets. M Partners upgraded the shares of MAR in report on Monday, December 5 to “Buy” rating. Robert W. Baird maintained Marriott International, Inc. (NASDAQ:MAR) rating on Friday, November 10. Robert W. Baird has “Neutral” rating and $115 target. Stifel Nicolaus maintained it with “Hold” rating and $115 target in Wednesday, November 8 report. As per Monday, September 7, the company rating was maintained by Evercore. SunTrust maintained the shares of MAR in report on Tuesday, October 17 with “Hold” rating. The rating was upgraded by Evercore to “Buy” on Sunday, May 20. The stock has “Hold” rating by Evercore on Wednesday, August 5.

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

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By1 Michael Collier

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