Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Marriott Vacations Worldwide Corporation $VAC

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 83,843 shares of the company's stock, valued at approximately $8,542,000. Connor Clark & Lunn Investment Management Ltd. owned 0.24% of Marriott Vacations Worldwide at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its stake in shares of Marriott Vacations Worldwide by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 140,662 shares of the company's stock worth $9,036,000 after purchasing an additional 21,623 shares during the period. Empowered Funds LLC boosted its stake in Marriott Vacations Worldwide by 147.9% during the 1st quarter. Empowered Funds LLC now owns 8,487 shares of the company's stock valued at $545,000 after purchasing an additional 5,064 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Marriott Vacations Worldwide by 4.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 100,636 shares of the company's stock valued at $6,465,000 after purchasing an additional 4,497 shares during the period. Invesco Ltd. boosted its stake in Marriott Vacations Worldwide by 102.9% during the 2nd quarter. Invesco Ltd. now owns 212,199 shares of the company's stock valued at $15,344,000 after purchasing an additional 107,598 shares during the period. Finally, First Trust Advisors LP grew its holdings in Marriott Vacations Worldwide by 22.7% in the 2nd quarter. First Trust Advisors LP now owns 121,820 shares of the company's stock valued at $8,809,000 after buying an additional 22,506 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Kathleen A. Pighini sold 2,500 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $120.00, for a total value of $300,000.00. Following the sale, the insider owned 10,821 shares of the company's stock, valued at $1,298,520. The trade was a 18.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christian Asmar sold 750,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the completion of the transaction, the director owned 3,380,818 shares of the company's stock, valued at approximately $376,927,398.82. This represents a 18.16% decrease in their position. The SEC filing for this sale provides additional information. 13.30% of the stock is owned by company insiders.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock opened at $114.84 on Thursday. Marriott Vacations Worldwide Corporation has a 12 month low of $44.58 and a 12 month high of $131.34. The company has a market capitalization of $3.95 billion, a P/E ratio of -11.79, a P/E/G ratio of 2.18 and a beta of 1.23. The stock has a 50 day moving average of $104.26 and a two-hundred day moving average of $83.14. The company has a current ratio of 3.56, a quick ratio of 2.99 and a debt-to-equity ratio of 2.65.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.97 by $0.34. The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.30 billion. Marriott Vacations Worldwide had a positive return on equity of 12.27% and a negative net margin of 6.47%.Marriott Vacations Worldwide's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 earnings per share. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. As a group, equities analysts expect that Marriott Vacations Worldwide Corporation will post 8.88 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on VAC shares. Barclays lifted their price target on Marriott Vacations Worldwide from $94.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $134.00 target price on shares of Marriott Vacations Worldwide in a research note on Wednesday, August 12th. Wall Street Zen raised shares of Marriott Vacations Worldwide from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Zacks Research upgraded shares of Marriott Vacations Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Marriott Vacations Worldwide from $68.00 to $101.00 and gave the stock an "underweight" rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $101.45.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company's core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.

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