Campbell & CO Investment Adviser LLC Takes $3.19 Million Position in Marriott Vacations Worldwide Corporation $VAC

Key Points

• Campbell & CO Investment Adviser LLC acquired a new stake in Marriott Vacations Worldwide, purchasing 49,574 shares worth approximately $3.185 million.
• Marriott Vacations Worldwide reported earnings of $1.96 per share, exceeding analyst estimates by $0.24, with a revenue of $1.25 billion for the quarter.
• Brokerages have recently adjusted their price targets for Marriott Vacations Worldwide, with Barclays lowering it from $97.00 to $88.00, while maintaining an "overweight" rating.

Campbell & CO Investment Adviser LLC purchased a new position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 49,574 shares of the company's stock, valued at approximately $3,185,000. Campbell & CO Investment Adviser LLC owned 0.14% of Marriott Vacations Worldwide as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in VAC. Fuller & Thaler Asset Management Inc. lifted its holdings in Marriott Vacations Worldwide by 32.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company's stock worth $117,089,000 after purchasing an additional 444,126 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Marriott Vacations Worldwide during the 4th quarter worth approximately $37,974,000. AQR Capital Management LLC grew its position in 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 acquiring an additional 245,427 shares during the last quarter. Ananym Capital Management LP bought a new position in Marriott Vacations Worldwide during the 4th quarter worth approximately $21,987,000. Finally, First Trust Advisors LP grew its position in shares of Marriott Vacations Worldwide by 63.3% in the 4th quarter. First Trust Advisors LP now owns 286,081 shares of the company's stock worth $25,690,000 after buying an additional 110,947 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Insider Buying and Selling

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 stock was bought at an average cost of $67.61 per share, with a total value of $27,885,676.89. Following the completion of the purchase, the director owned 3,708,433 shares in the company, valued at approximately $250,727,155.13. This represents a 12.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

VAC has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $101.00 price objective on Marriott Vacations Worldwide and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Truist Financial lowered their price objective on Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, August 21st. Morgan Stanley restated an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. Barclays decreased their price target on 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. Finally, Mizuho lowered 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. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, Marriott Vacations Worldwide currently has an average rating of "Hold" and an average target price of $90.50.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC traded up $1.11 during mid-day trading on Wednesday, reaching $78.61. The company's stock had a trading volume of 189,647 shares, compared to its average volume of 463,890. The firm has a market capitalization of $2.72 billion, a PE ratio of 11.82, a P/E/G ratio of 1.13 and a beta of 1.49. The company has a debt-to-equity ratio of 2.17, a current ratio of 3.55 and a quick ratio of 2.90. The stock has a fifty day moving average of $76.72 and a two-hundred day moving average of $70.21. Marriott Vacations Worldwide Corporation has a 52 week low of $49.22 and a 52 week high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.22 billion. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%.The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 earnings per share. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. As a group, sell-side analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

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.