Hourglass Capital Holding in Morgan Stanley (MS) Cut as Stock Price Declined; Marriott Intl New Cl A (MAR) Holder Canada Pension Plan Investment Board Boosted Position by $25.14 Million

February 21, 2018 - By David Stenberg

Hourglass Capital Llc decreased its stake in Morgan Stanley (MS) by 6.03% based on its latest 2017Q3 regulatory filing with the SEC. Hourglass Capital Llc sold 14,480 shares as the company’s stock declined 9.43% while stock markets rallied. The hedge fund held 225,519 shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $10.86 million, down from 239,999 at the end of the previous reported quarter. Hourglass Capital Llc who had been investing in Morgan Stanley for a number of months, seems to be less bullish one the $99.59 billion market cap company. The stock increased 1.16% or $0.6401 during the last trading session, reaching $55.7001. About 6.57M shares traded. Morgan Stanley (NYSE:MS) has risen 57.08% since February 21, 2017 and is uptrending. It has outperformed by 40.38% the S&P500.

Canada Pension Plan Investment Board increased its stake in Marriott Intl Inc New Cl A (MAR) by 125% based on its latest 2017Q3 regulatory filing with the SEC. Canada Pension Plan Investment Board bought 228,538 shares as the company’s stock rose 15.06% with the market. The institutional investor held 411,366 shares of the hotels and resorts company at the end of 2017Q3, valued at $45.36 million, up from 182,828 at the end of the previous reported quarter. Canada Pension Plan Investment Board who had been investing in Marriott Intl Inc New Cl A for a number of months, seems to be bullish on the $51.02 billion market cap company. The stock increased 1.63% or $2.29 during the last trading session, reaching $142.73. About 3.34M shares traded or 38.84% up from the average. Marriott International, Inc. (NASDAQ:MAR) has risen 58.26% since February 21, 2017 and is uptrending. It has outperformed by 41.56% the S&P500.

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. The stock of Marriott International, Inc. (NASDAQ:MAR) has “Outperform” rating given on Wednesday, August 30 by Wolfe Research. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, November 7. The rating was maintained by RBC Capital Markets with “Buy” on Monday, January 29. On Tuesday, February 13 the stock rating was maintained by Susquehanna with “Buy”. The firm earned “Buy” rating on Friday, December 8 by Morgan Stanley. The stock has “Hold” rating by SunTrust on Thursday, November 9. The rating was initiated by Goldman Sachs on Monday, September 26 with “Buy”. The stock has “Hold” rating by SunTrust on Friday, February 16. SunTrust downgraded the stock to “Hold” rating in Tuesday, February 21 report. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, February 1.

Canada Pension Plan Investment Board, which manages about $48.95 billion US Long portfolio, decreased its stake in Sprint Corp Com Ser 1 (NYSE:S) by 747,538 shares to 7,710 shares, valued at $60,000 in 2017Q3, according to the filing. It also reduced its holding in Chicago Bridge & Iron Co N V Com (NYSE:CBI) by 204,400 shares in the quarter, leaving it with 1,700 shares, and cut its stake in Dish Network Corp Cl A (NASDAQ:DISH).

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.09, from 1.01 in 2017Q2. It fall, 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. American Natl Registered Advisor Inc holds 0.33% or 5,945 shares. Rech Glob Invsts holds 0.46% or 13.91 million shares in its portfolio. Jennison Associate Limited Co reported 11.95M shares or 1.35% of all its holdings. Minnesota-based Sit Investment Assoc has invested 0.2% in Marriott International, Inc. (NASDAQ:MAR). Moreover, Spectrum Mgmt Grp Inc has 0% invested in Marriott International, Inc. (NASDAQ:MAR) for 11 shares. First Allied Advisory holds 2,910 shares. Financial Bank Of Nova Scotia holds 0.03% or 54,261 shares. Nomura Asset holds 0.08% or 54,112 shares in its portfolio. Allen Inv Ltd Llc holds 0.04% or 7,532 shares. Markel, a Virginia-based fund reported 1.51M shares. Huntington Fincl Bank accumulated 276,373 shares. Abner Herrman Brock Limited Liability reported 168,624 shares stake. Bartlett & Limited Liability Company holds 2,020 shares. Savings Bank Of Montreal Can invested in 0.02% or 219,249 shares. Mutual Of America Capital Mgmt Ltd Liability Co reported 0.08% stake.

Since September 1, 2017, it had 0 insider buys, and 11 insider sales for $16.61 million activity. Shares for $1.06M were sold by MARRIOTT J W JR on Tuesday, September 5. On Thursday, September 21 the insider Capuano Anthony sold $1.48 million. On Tuesday, December 19 Rodriguez David A sold $1.01M worth of Marriott International, Inc. (NASDAQ:MAR) or 7,600 shares. 8,644 Marriott International, Inc. (NASDAQ:MAR) shares with value of $1.12M were sold by DUNCAN BRUCE W. 5,113 Marriott International, Inc. (NASDAQ:MAR) shares with value of $659,348 were sold by Linnartz Stephanie. The insider Kyriakidis Argiris sold $323,520.

Investors sentiment increased to 0.94 in Q3 2017. Its up 0.06, from 0.88 in 2017Q2. It improved, as 59 investors sold MS shares while 292 reduced holdings. 76 funds opened positions while 255 raised stakes. 1.53 billion shares or 1.48% less from 1.55 billion shares in 2017Q2 were reported. Park Oh reported 6,388 shares. Bollard Grp Limited Liability Corp invested in 107,659 shares. National Asset Management Inc accumulated 13,221 shares or 0.11% of the stock. Canandaigua Financial Bank invested in 35,556 shares or 0.33% of the stock. Moreover, Howe And Rusling has 0% invested in Morgan Stanley (NYSE:MS) for 364 shares. 249,000 were reported by Connor Clark Lunn Investment Management. Raymond James owns 0.05% invested in Morgan Stanley (NYSE:MS) for 523,417 shares. Livforsakringsbolaget Skandia Omsesidigt accumulated 80,714 shares. The Tennessee-based Patten Patten Incorporated Tn has invested 0.41% in Morgan Stanley (NYSE:MS). Amalgamated Commercial Bank invested 0.23% in Morgan Stanley (NYSE:MS). Canada Pension Plan Investment Board, a Ontario – Canada-based fund reported 2.25M shares. Aperio Gru Ltd Liability Corp has invested 0.22% in Morgan Stanley (NYSE:MS). Parkside Comml Bank & Tru has invested 0.04% in Morgan Stanley (NYSE:MS). United Kingdom-based Kiltearn Ptnrs Llp has invested 6.11% in Morgan Stanley (NYSE:MS). Conning holds 0.06% in Morgan Stanley (NYSE:MS) or 35,188 shares.

Hourglass Capital Llc, which manages about $861.92 million and $420.07M US Long portfolio, upped its stake in Exxon Mobil Corp (NYSE:XOM) by 9,111 shares to 43,826 shares, valued at $3.59 million in 2017Q3, according to the filing. It also increased its holding in Intel Corp (NASDAQ:INTC) by 27,529 shares in the quarter, for a total of 238,796 shares, and has risen its stake in Scorpio Bulkers Inc.

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By1 David Stenberg

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