Laurion Capital Management LP lifted its position in Marriott Vacations Worldwide Corp (NYSE:VAC) by 1,109.9% during the 3rd quarter, Holdings Channel reports. The firm owned 351,937 shares of the company’s stock after buying an additional 322,849 shares during the quarter. Marriott Vacations Worldwide makes up 0.4% of Laurion Capital Management LP’s investment portfolio, making the stock its 11th biggest holding. Laurion Capital Management LP’s holdings in Marriott Vacations Worldwide were worth $39,329,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in Marriott Vacations Worldwide during the 2nd quarter worth about $517,000. Eqis Capital Management Inc. bought a new stake in Marriott Vacations Worldwide during the 2nd quarter worth about $391,000. State of New Jersey Common Pension Fund D bought a new stake in Marriott Vacations Worldwide during the 2nd quarter worth about $282,000. Raymond James Financial Services Advisors Inc. grew its holdings in Marriott Vacations Worldwide by 34.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,214 shares of the company’s stock worth $476,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in Marriott Vacations Worldwide by 7.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,025 shares of the company’s stock worth $681,000 after acquiring an additional 440 shares during the last quarter. 79.32% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on VAC shares. Zacks Investment Research lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “strong sell” rating in a report on Saturday, November 17th. ValuEngine lowered shares of Marriott Vacations Worldwide from a “sell” rating to a “strong sell” rating in a report on Monday, October 8th. Finally, Nomura set a $158.00 price objective on shares of Marriott Vacations Worldwide and gave the stock a “buy” rating in a report on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $137.20.
Shares of NYSE VAC opened at $77.84 on Thursday. The stock has a market capitalization of $3.66 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.00 and a current ratio of 3.83. Marriott Vacations Worldwide Corp has a 1 year low of $72.10 and a 1 year high of $154.14.
Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, November 7th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.34). The business had revenue of $750.00 million during the quarter, compared to the consensus estimate of $717.48 million. Marriott Vacations Worldwide had a net margin of 4.04% and a return on equity of 10.28%. The firm’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period last year, the business posted $1.39 EPS. Analysts expect that Marriott Vacations Worldwide Corp will post 5.83 EPS for the current year.
In other Marriott Vacations Worldwide news, Director Charles Elliott Andrews bought 6,380 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, November 28th. The shares were bought at an average price of $79.17 per share, with a total value of $505,104.60. Following the purchase, the director now owns 6,380 shares of the company’s stock, valued at $505,104.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP John E. Geller, Jr. bought 6,000 shares of Marriott Vacations Worldwide stock in a transaction dated Monday, November 12th. The stock was acquired at an average cost of $76.73 per share, for a total transaction of $460,380.00. Following the purchase, the vice president now directly owns 79,165 shares in the company, valued at approximately $6,074,330.45. The disclosure for this purchase can be found here. Insiders bought a total of 14,735 shares of company stock worth $1,156,758 in the last ninety days. Insiders own 3.50% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Laurion Capital Management LP Has $39.33 Million Stake in Marriott Vacations Worldwide Corp (VAC)” was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.thelincolnianonline.com/2018/12/06/laurion-capital-management-lp-has-39-33-million-stake-in-marriott-vacations-worldwide-corp-vac.html.
Marriott Vacations Worldwide Profile
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.
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