Ananym Capital Management LP Invests $21.99 Million in Marriott Vacations Worldwide Co. (NYSE:VAC)

Ananym Capital Management LP purchased a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 244,842 shares of the company's stock, valued at approximately $21,987,000. Marriott Vacations Worldwide makes up approximately 12.0% of Ananym Capital Management LP's holdings, making the stock its 4th largest position. Ananym Capital Management LP owned 0.70% of Marriott Vacations Worldwide at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Merit Financial Group LLC bought a new stake in Marriott Vacations Worldwide during the 4th quarter worth about $214,000. Blue Trust Inc. raised its holdings in Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after buying an additional 302 shares during the period. KBC Group NV raised its holdings in Marriott Vacations Worldwide by 51.5% during the 4th quarter. KBC Group NV now owns 1,460 shares of the company's stock worth $131,000 after buying an additional 496 shares during the period. Pacer Advisors Inc. raised its holdings in Marriott Vacations Worldwide by 2.7% during the 4th quarter. Pacer Advisors Inc. now owns 6,404 shares of the company's stock worth $575,000 after buying an additional 166 shares during the period. Finally, Cibc World Market Inc. raised its holdings in Marriott Vacations Worldwide by 251.3% during the 4th quarter. Cibc World Market Inc. now owns 133,372 shares of the company's stock worth $11,977,000 after buying an additional 95,409 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VAC. Stifel Nicolaus decreased their price target on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Mizuho cut their price target on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, May 9th. The Goldman Sachs Group lifted their target price on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the stock a "sell" rating in a report on Friday, May 9th. Morgan Stanley upgraded Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Finally, Truist Financial decreased their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $92.25.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock traded down $1.84 on Friday, hitting $65.75. 494,281 shares of the stock were exchanged, compared to its average volume of 457,932. The firm's 50 day moving average is $60.74 and its two-hundred day moving average is $77.84. The firm has a market capitalization of $2.27 billion, a PE ratio of 12.52, a P/E/G ratio of 0.67 and a beta of 1.42. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a one year low of $49.22 and a one year high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.10. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter last year, the firm posted $1.80 EPS. The company's revenue was up .4% compared to the same quarter last year. Sell-side analysts expect that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $3.16 annualized dividend and a dividend yield of 4.81%. Marriott Vacations Worldwide's dividend payout ratio is presently 53.92%.

Insider Activity at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera purchased 650 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the purchase, the insider now directly owns 8,770 shares of the company's stock, valued at $628,458.20. This trade represents a 8.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Marriott Vacations Worldwide Company 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.