Dynamic Technology Lab Private Ltd boosted its position in Marriott Vacations Worldwide Corp (NYSE:VAC) by 75.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,301 shares of the company’s stock after acquiring an additional 6,128 shares during the period. Dynamic Technology Lab Private Ltd owned 0.05% of Marriott Vacations Worldwide worth $1,598,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in VAC. Capital Fund Management S.A. lifted its holdings in shares of Marriott Vacations Worldwide by 93.7% in the third quarter. Capital Fund Management S.A. now owns 49,540 shares of the company’s stock valued at $5,536,000 after purchasing an additional 23,966 shares in the last quarter. Laurion Capital Management LP lifted its holdings in shares of Marriott Vacations Worldwide by 1,109.9% in the third quarter. Laurion Capital Management LP now owns 351,937 shares of the company’s stock valued at $39,329,000 after purchasing an additional 322,849 shares in the last quarter. First Republic Investment Management Inc. bought a new position in shares of Marriott Vacations Worldwide in the third quarter valued at approximately $203,000. Highbridge Capital Management LLC bought a new position in shares of Marriott Vacations Worldwide in the third quarter valued at approximately $15,477,000. Finally, Senvest Management LLC lifted its holdings in shares of Marriott Vacations Worldwide by 84.3% in the third quarter. Senvest Management LLC now owns 671,109 shares of the company’s stock valued at $74,996,000 after purchasing an additional 307,063 shares in the last quarter. Institutional investors and hedge funds own 79.32% of the company’s stock.
Shares of Marriott Vacations Worldwide stock opened at $72.60 on Friday. The firm has a market cap of $3.66 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51. Marriott Vacations Worldwide Corp has a 12 month low of $72.10 and a 12 month high of $154.14. 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 (NYSE:VAC) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $1.42 EPS for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.34). The business had revenue of $750.00 million for the quarter, compared to the consensus estimate of $717.48 million. Marriott Vacations Worldwide had a return on equity of 10.28% and a net margin of 4.04%. The business’s revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 earnings per share. Research analysts anticipate that Marriott Vacations Worldwide Corp will post 5.83 EPS for the current year.
In other Marriott Vacations Worldwide news, CEO Stephen P. Weisz purchased 2,355 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were acquired at an average cost of $81.22 per share, for a total transaction of $191,273.10. Following the completion of the acquisition, the chief executive officer now owns 186,352 shares of the company’s stock, valued at approximately $15,135,509.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles Elliott Andrews purchased 6,380 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The shares were acquired at an average price of $79.17 per share, for a total transaction of $505,104.60. Following the completion of the acquisition, the director now directly owns 6,380 shares of the company’s stock, valued at approximately $505,104.60. The disclosure for this purchase can be found here. Insiders have purchased 14,735 shares of company stock worth $1,156,758 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.
A number of research analysts have recently weighed in on VAC shares. Nomura set a $158.00 target price on Marriott Vacations Worldwide and gave the company a “buy” rating in a report on Thursday, August 23rd. Zacks Investment Research upgraded Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Wednesday, October 17th. ValuEngine upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Finally, Macquarie lowered Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Marriott Vacations Worldwide currently has an average rating of “Buy” and an average price target of $137.20.
About Marriott Vacations Worldwide
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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