Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 12,194 Marriott Vacations Worldwide Corporation $VAC

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,194 shares of the company's stock, valued at approximately $783,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VAC. Point72 Asset Management L.P. bought a new position in Marriott Vacations Worldwide in the 4th quarter worth approximately $37,974,000. AQR Capital Management LLC lifted its position in Marriott Vacations Worldwide by 47.2% in the fourth quarter. AQR Capital Management LLC now owns 765,480 shares of the company's stock worth $68,510,000 after purchasing an additional 245,427 shares during the period. Ananym Capital Management LP acquired a new stake in Marriott Vacations Worldwide in the fourth quarter worth approximately $21,987,000. Dimensional Fund Advisors LP lifted its position in Marriott Vacations Worldwide by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,197 shares of the company's stock worth $169,110,000 after purchasing an additional 116,854 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Marriott Vacations Worldwide by 63.3% during the 4th quarter. First Trust Advisors LP now owns 286,081 shares of the company's stock valued at $25,690,000 after acquiring an additional 110,947 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on VAC shares. Barclays cut their target price on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Morgan Stanley reaffirmed an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. The Goldman Sachs Group increased their target price on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. Stifel Nicolaus set a $101.00 target price on shares of Marriott Vacations Worldwide and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Mizuho decreased their price target on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of "Hold" and an average price target of $90.50.

Insider Buying and Selling

In related news, Director Christian Asmar acquired 337,551 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were acquired at an average cost of $68.11 per share, with a total value of $22,990,598.61. Following the transaction, the director owned 4,045,984 shares of the company's stock, valued at $275,571,970.24. The trade was a 9.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC traded up $5.42 during mid-day trading on Friday, hitting $79.37. 75,638 shares of the stock were exchanged, compared to its average volume of 554,649. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.90 and a current ratio of 3.55. The company has a market cap of $2.75 billion, a P/E ratio of 11.91, a PEG ratio of 1.07 and a beta of 1.49. The stock's fifty day simple moving average is $76.03 and its two-hundred day simple moving average is $70.46. Marriott Vacations Worldwide Corporation has a twelve month low of $49.22 and a twelve month high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.24. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $1.10 earnings per share. Marriott Vacations Worldwide's revenue for the quarter was up 9.3% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. As a group, analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.