12,194 Shares in Marriott Vacations Worldwide Corporation $VAC Bought by Connor Clark & Lunn Investment Management Ltd.

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in Marriott Vacations Worldwide by 136.5% during the 1st quarter. Fifth Third Bancorp now owns 395 shares of the company's stock worth $25,000 after buying an additional 228 shares during the period. Investment Advisory Group LLC acquired a new position in Marriott Vacations Worldwide during the 1st quarter worth about $31,000. True Wealth Design LLC lifted its holdings in Marriott Vacations Worldwide by 35.2% during the 4th quarter. True Wealth Design LLC now owns 595 shares of the company's stock worth $53,000 after buying an additional 155 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Marriott Vacations Worldwide during the 4th quarter worth about $89,000. Finally, Headlands Technologies LLC acquired a new position in Marriott Vacations Worldwide during the 1st quarter worth about $112,000. Institutional investors own 89.52% of the company's stock.

Insiders Place Their Bets

In other news, Director Christian Asmar purchased 412,449 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were acquired at an average cost of $67.61 per share, with a total value of $27,885,676.89. Following the purchase, the director owned 3,708,433 shares in the company, valued at $250,727,155.13. This represents a 12.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Stock Down 0.5%

VAC stock opened at $75.03 on Monday. The stock's 50 day simple moving average is $75.45 and its 200 day simple moving average is $70.56. Marriott Vacations Worldwide Corporation has a fifty-two week low of $49.22 and a fifty-two week high of $100.32. 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 $2.60 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.49.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.24. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business earned $1.10 EPS. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VAC has been the topic of several recent research reports. Morgan Stanley reaffirmed an "underweight" rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Barclays cut their target price on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Mizuho cut their target price on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group boosted their price objective on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. Finally, Stifel Nicolaus set a $101.00 price objective on Marriott Vacations Worldwide and gave the company a "buy" rating in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $92.67.

About Marriott Vacations Worldwide

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.

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