Algert Global LLC Has $957,000 Position in Marriott Vacations Worldwide Corporation $VAC

Key Points

• Algert Global LLC increased its stake in Marriott Vacations Worldwide by 449.5%, owning 14,902 shares valued at approximately $957,000 after acquiring an additional 12,190 shares in the latest quarter.
• Marriott Vacations reported $1.96 earnings per share for the last quarter, surpassing analysts' estimates of $1.72, with total revenue of $1.25 billion, a 9.3% year-over-year increase.
• Several institutional investors have recently boosted their positions in Marriott Vacations, with hedge funds now owning 89.52% of the company's stock, indicating strong institutional interest in the company.

Algert Global LLC boosted its position in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 449.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,902 shares of the company's stock after buying an additional 12,190 shares during the quarter. Algert Global LLC's holdings in Marriott Vacations Worldwide were worth $957,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of VAC. Point72 Asset Management L.P. acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $37,974,000. AQR Capital Management LLC boosted its stake in shares of Marriott Vacations Worldwide by 47.2% during the 4th quarter. AQR Capital Management LLC now owns 765,480 shares of the company's stock worth $68,510,000 after buying an additional 245,427 shares during the last quarter. Ananym Capital Management LP bought a new position in shares of Marriott Vacations Worldwide in the 4th quarter valued at about $21,987,000. First Trust Advisors LP increased its position in shares of Marriott Vacations Worldwide by 63.3% in the fourth 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. Finally, Northern Trust Corp raised its holdings in Marriott Vacations Worldwide by 32.1% during the fourth quarter. Northern Trust Corp now owns 323,770 shares of the company's stock worth $29,075,000 after acquiring an additional 78,618 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock traded down $0.91 during midday trading on Thursday, hitting $77.65. 27,863 shares of the company were exchanged, compared to its average volume of 548,161. Marriott Vacations Worldwide Corporation has a 52 week low of $49.22 and a 52 week high of $100.32. The firm has a market capitalization of $2.69 billion, a P/E ratio of 11.68, a PEG ratio of 1.13 and a beta of 1.49. The firm's 50 day moving average price is $76.93 and its two-hundred day moving average price is $70.27. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.90 and a current ratio of 3.55.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $1.96 earnings per share (EPS) 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 company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The business's revenue was up 9.3% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. As a group, equities research analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VAC. Stifel Nicolaus set a $101.00 price target on Marriott Vacations Worldwide and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Truist Financial dropped their price target on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, August 21st. Morgan Stanley reissued an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. The Goldman Sachs Group upped their target price on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Finally, Barclays cut their target price on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Marriott Vacations Worldwide currently has an average rating of "Hold" and an average target price of $90.50.

Insider Transactions at Marriott Vacations Worldwide

In other news, Director Christian Asmar acquired 337,551 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were purchased at an average cost of $68.11 per share, with a total value of $22,990,598.61. Following the acquisition, the director directly owned 4,045,984 shares in the company, valued at $275,571,970.24. This represents a 9.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 1.60% of the stock is owned by company insiders.

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.