As Marriott Intl New (MAR) Share Value Rose, Soroban Capital Partners LP Has Boosted by $371.91 Million Its Stake; As Discover Finl Svcs (DFS) Share Value Declined, Holder Salzhauer Michael Decreased Its Position

February 15, 2018 - By Steve Bissell

Eric W. Mandelblatt increased its stake in Marriott Intl Inc New (MAR) by 270.48% based on its latest 2017Q3 regulatory filing with the SEC. Soroban Capital Partners Lp bought 3.38M shares as the company’s stock rose 15.06% with the market. The hedge fund run by Eric W. Mandelblatt held 4.63M shares of the hotels and resorts company at the end of 2017Q3, valued at $510.61M, up from 1.25M at the end of the previous reported quarter. Soroban Capital Partners Lp who had been investing in Marriott Intl Inc New for a number of months, seems to be bullish on the $52.95B market cap company. The stock increased 3.29% or $4.63 during the last trading session, reaching $145.24. About 3.56 million shares traded or 46.91% up from the average. Marriott International, Inc. (NASDAQ:MAR) has risen 58.26% since February 15, 2017 and is uptrending. It has outperformed by 41.56% the S&P500.

Salzhauer Michael decreased its stake in Discover Finl Svcs (DFS) by 55.53% based on its latest 2017Q3 regulatory filing with the SEC. Salzhauer Michael sold 8,107 shares as the company’s stock declined 15.69% while stock markets rallied. The institutional investor held 6,493 shares of the consumer services company at the end of 2017Q3, valued at $419,000, down from 14,600 at the end of the previous reported quarter. Salzhauer Michael who had been investing in Discover Finl Svcs for a number of months, seems to be less bullish one the $28.20B market cap company. The stock increased 1.45% or $1.11 during the last trading session, reaching $77.61. About 1.85 million shares traded. Discover Financial Services (NYSE:DFS) has risen 10.42% since February 15, 2017 and is uptrending. It has underperformed by 6.28% the S&P500.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.09, from 1.01 in 2017Q2. It is 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. Ruggie Cap Grp accumulated 0.13% or 1,815 shares. Quantitative Investment Ltd Com reported 7,100 shares. Virginia-based Bb&T Securities Limited Liability Corp has invested 0.02% in Marriott International, Inc. (NASDAQ:MAR). Sun Life Financial Inc has invested 0.05% of its portfolio in Marriott International, Inc. (NASDAQ:MAR). Baxter Bros reported 11,775 shares. Argi Svcs Limited, a Kentucky-based fund reported 2,220 shares. First Manhattan stated it has 0% of its portfolio in Marriott International, Inc. (NASDAQ:MAR). Private Advisor Gp Incorporated Ltd Liability invested in 0.08% or 27,954 shares. Pitcairn stated it has 0.07% of its portfolio in Marriott International, Inc. (NASDAQ:MAR). Parkside Bancorp Tru holds 1,470 shares or 0.06% of its portfolio. Amer Gru stated it has 0.06% of its portfolio in Marriott International, Inc. (NASDAQ:MAR). Ledyard Bancorp reported 17,193 shares. Capital Invsts owns 4.91 million shares or 0.12% of their US portfolio. Regions Corp accumulated 3,025 shares. Banque Pictet And Cie Sa owns 72,519 shares or 0.18% of their US portfolio.

Since August 15, 2017, it had 0 insider buys, and 11 insider sales for $16.61 million activity. Kyriakidis Argiris had sold 3,000 shares worth $323,520. 19,510 shares valued at $2.60 million were sold by Capuano Anthony on Monday, December 18. The insider Juliana B. Marriott Marital Trust sold $844,265. The insider Linnartz Stephanie sold $659,348. Marriott Juliana B. had sold 8,400 shares worth $844,265. Harrison Deborah Marriott had sold 35,401 shares worth $4.56M on Friday, December 8.

Soroban Capital Partners Lp, which manages about $10.82 billion and $26.50B US Long portfolio, decreased its stake in Facebook Inc (Call) (NASDAQ:FB) by 907,400 shares to 1.59 million shares, valued at $272.13 million in 2017Q3, according to the filing. It also reduced its holding in Charter Communications Inc N by 700,929 shares in the quarter, leaving it with 1.31 million shares, and cut its stake in Facebook Inc (NASDAQ:FB).

Among 20 analysts covering Marriott International (NASDAQ:MAR), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. Marriott International had 59 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Neutral” rating by M Partners on Thursday, January 14. The rating was maintained by Stifel Nicolaus on Monday, September 26 with “Hold”. The company was maintained on Wednesday, June 21 by Stifel Nicolaus. The stock has “Buy” rating by Goldman Sachs on Monday, September 26. RBC Capital Markets maintained it with “Buy” rating and $159.0 target in Monday, January 29 report. Robert W. Baird maintained Marriott International, Inc. (NASDAQ:MAR) rating on Friday, November 10. Robert W. Baird has “Neutral” rating and $115 target. As per Tuesday, February 21, the company rating was downgraded by SunTrust. The stock has “Buy” rating by Canaccord Genuity on Friday, December 4. The firm has “Hold” rating by Evercore given on Wednesday, August 5. RBC Capital Markets maintained Marriott International, Inc. (NASDAQ:MAR) rating on Tuesday, November 7. RBC Capital Markets has “Buy” rating and $111.0 target.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. It is negative, as 71 investors sold DFS shares while 261 reduced holdings. 58 funds opened positions while 197 raised stakes. 301.28 million shares or 2.91% less from 310.30 million shares in 2017Q2 were reported. Paloma Partners Mngmt holds 0.03% in Discover Financial Services (NYSE:DFS) or 28,968 shares. Nomura Holdings owns 18,960 shares. Trust Department Mb Retail Bank N A has invested 0% in Discover Financial Services (NYSE:DFS). 37,407 were reported by Cibc Asset Mngmt Inc. Schroder Investment Management holds 0.28% or 2.49M shares. Sentinel Asset Mgmt invested 0.46% of its portfolio in Discover Financial Services (NYSE:DFS). Da Davidson holds 0.01% or 8,673 shares in its portfolio. Dubuque Bancshares holds 0.01% or 764 shares in its portfolio. Rathbone Brothers Public Lc has 0.63% invested in Discover Financial Services (NYSE:DFS) for 224,393 shares. Btc Mgmt has invested 0.6% of its portfolio in Discover Financial Services (NYSE:DFS). First Allied Advisory Services invested in 0.04% or 15,821 shares. Ubs Asset Mgmt Americas reported 1.36 million shares. Carroll Financial Assoc invested in 166 shares or 0% of the stock. Commercial Bank Of Montreal Can holds 0.14% of its portfolio in Discover Financial Services (NYSE:DFS) for 2.32M shares. Retirement Sys Of Alabama owns 180,649 shares for 0.06% of their portfolio.

Salzhauer Michael, which manages about $233.18 million US Long portfolio, upped its stake in Bank Amer Corp (NYSE:BAC) by 1.39 million shares to 1.54M shares, valued at $39.07 million in 2017Q3, according to the filing. It also increased its holding in Fifth Third Bancorp (NASDAQ:FITB) by 86,009 shares in the quarter, for a total of 100,609 shares, and has risen its stake in Franklin Finl Network Inc.

Among 32 analysts covering Discover Financial Services (NYSE:DFS), 22 have Buy rating, 1 Sell and 9 Hold. Therefore 69% are positive. Discover Financial Services had 90 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, October 25 by Bank of America. Oppenheimer maintained the stock with “Buy” rating in Wednesday, July 26 report. The firm has “Buy” rating by Jefferies given on Monday, May 15. The firm earned “Outperform” rating on Thursday, January 25 by Credit Suisse. The firm earned “Buy” rating on Saturday, September 5 by Bank of America. Wedbush upgraded it to “Outperform” rating and $78 target in Wednesday, December 7 report. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, September 7. The stock of Discover Financial Services (NYSE:DFS) earned “Neutral” rating by JP Morgan on Thursday, January 14. The stock of Discover Financial Services (NYSE:DFS) has “Neutral” rating given on Wednesday, April 20 by JP Morgan. Nomura maintained the shares of DFS in report on Wednesday, October 25 with “Buy” rating.

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By1 Steve Bissell

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