CCM Investment Group LLC Invests $313,000 in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Key Points

• CCM Investment Group LLC acquired a new position in Marriott Vacations Worldwide, purchasing 4,727 shares valued at approximately $313,000 during the first quarter.
• Marriott Vacations reported a quarterly EPS of $1.96, surpassing analysts' estimates by $0.24, and showed a 9.3% revenue increase year-over-year.
• Institutional investors now hold 89.52% of Marriott Vacations' shares, reflecting significant confidence in the company's stock performance.

CCM Investment Group LLC acquired a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,727 shares of the company's stock, valued at approximately $313,000.

Other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp lifted its stake in Marriott Vacations Worldwide by 136.5% in the first quarter. Fifth Third Bancorp now owns 395 shares of the company's stock valued at $25,000 after purchasing an additional 228 shares during the last quarter. True Wealth Design LLC lifted its stake in Marriott Vacations Worldwide by 35.2% in the fourth quarter. True Wealth Design LLC now owns 595 shares of the company's stock valued at $53,000 after purchasing an additional 155 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Marriott Vacations Worldwide in the fourth quarter valued at approximately $89,000. Headlands Technologies LLC purchased a new position in Marriott Vacations Worldwide in the first quarter valued at approximately $112,000. Finally, Sterling Capital Management LLC lifted its stake in Marriott Vacations Worldwide by 57.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,092 shares of the company's stock valued at $188,000 after purchasing an additional 765 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

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

Marriott Vacations Worldwide Price Performance

Shares of VAC stock traded down $0.09 on Friday, reaching $75.33. The company's stock had a trading volume of 78,778 shares, compared to its average volume of 562,506. The company has a quick ratio of 2.90, a current ratio of 3.55 and a debt-to-equity ratio of 2.17. Marriott Vacations Worldwide Corporation has a 12-month low of $49.22 and a 12-month high of $100.32. The company has a market capitalization of $2.61 billion, a P/E ratio of 11.34, a PEG ratio of 1.13 and a beta of 1.49. The stock's 50 day simple moving average is $75.27 and its 200-day simple moving average is $70.89.

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 for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business posted $1.10 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Insider Activity

In other Marriott Vacations Worldwide news, Director Christian Asmar acquired 337,551 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were bought at an average price of $68.11 per share, for a total transaction of $22,990,598.61. Following the completion of the transaction, the director owned 4,045,984 shares of the company's stock, valued at approximately $275,571,970.24. This represents a 9.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company's stock.

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.