Blueshift Asset Management LLC Purchases New Holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Key Points

• Blueshift Asset Management LLC has invested $358,000 in Marriott Vacations Worldwide Corporation, acquiring 5,572 shares in the first quarter.
• Institutional investors hold a significant majority of Marriott Vacations Worldwide's stock, with 89.52% of shares owned by such entities.
• Analysts have revised their price targets for Marriott Vacations Worldwide, with Goldman Sachs raising their target from $48 to $55, while Mizuho lowered it from $112 to $105.

Blueshift Asset Management LLC acquired a new position in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,572 shares of the company's stock, valued at approximately $358,000.

Several other large investors have also recently made changes to their positions in the business. Dark Forest Capital Management LP bought a new stake in shares of Marriott Vacations Worldwide during the fourth quarter valued at approximately $734,000. Ananym Capital Management LP bought a new stake in shares of Marriott Vacations Worldwide during the fourth quarter valued at approximately $21,987,000. GAMMA Investing LLC increased its position in shares of Marriott Vacations Worldwide by 6,557.7% during the first quarter. GAMMA Investing LLC now owns 14,647 shares of the company's stock valued at $941,000 after acquiring an additional 14,427 shares in the last quarter. Captrust Financial Advisors bought a new stake in Marriott Vacations Worldwide in the 4th quarter worth approximately $440,000. Finally, Family Office Research LLC bought a new stake in Marriott Vacations Worldwide in the 4th quarter worth approximately $1,702,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Christian Asmar purchased 337,551 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were acquired at an average price of $68.11 per share, for a total transaction of $22,990,598.61. Following the purchase, the director directly owned 4,045,984 shares in the company, valued at $275,571,970.24. This trade represents a 9.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by insiders.

Marriott Vacations Worldwide Price Performance

Shares of VAC traded up $0.12 during trading hours on Thursday, reaching $72.30. 17,656 shares of the stock traded hands, compared to its average volume of 567,106. The company has a market cap of $2.50 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 1.60 and a beta of 1.49. Marriott Vacations Worldwide Corporation has a 52-week low of $49.22 and a 52-week high of $100.32. The company has a current ratio of 3.16, a quick ratio of 2.58 and a debt-to-equity ratio of 1.29. The company's 50-day moving average price is $74.38 and its two-hundred day moving average price is $71.45.

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

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a $0.79 dividend. The ex-dividend date was Friday, May 23rd. This represents a $3.16 annualized dividend and a yield of 4.4%. Marriott Vacations Worldwide's payout ratio is presently 53.92%.

Wall Street Analysts Forecast Growth

VAC has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted 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. Mizuho dropped their price target on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Barclays dropped their price target 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. Stifel Nicolaus set a $101.00 price target on shares of Marriott Vacations Worldwide and gave the stock a "buy" rating in a research note on Tuesday. Finally, Morgan Stanley restated an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Marriott Vacations Worldwide has an average rating of "Hold" and an average price target of $92.67.

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.