Published on 3 May 2022 on Insider Monkey via Yahoo Finance
LRT Capital Management, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. A return of -7.37% was recorded by the LRT Economic Moat strategy for the first quarter of 2022, resulting in a 12-month return of +16.72%. In the LRT Economic Moat strategy, as of April 1st, 2022, the fund's net exposure was approximately 99% and its estimated net beta-adjusted exposure was 62.2%. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.
In its Q1 2022 investor letter, LRT Capital Management mentioned Marriott International, Inc. (NASDAQ:MAR) and explained its insights for the company. Founded in 1927, Marriott International, Inc. (NASDAQ:MAR) is a Bethesda, Maryland-based global lodging company with a $58.0 billion market capitalization. Marriott International, Inc. (NASDAQ:MAR) delivered a 7.43% return since the beginning of the year, while its 12-month returns are up by 19.23%. The stock closed at $177.52 per share on April 29, 2022.
Here is what LRT Capital Management has to say about Marriott International, Inc. (NASDAQ:MAR) in its Q1 2022 investor letter: