Hotchkis & Wiley Capital Management LLC Purchases 85,230 Shares of Marriott Vacations Worldwide Corporation $VAC

Key Points

• Hotchkis & Wiley Capital Management LLC has increased its holdings in Marriott Vacations Worldwide Corporation by 8.1%, owning 1,139,334 shares valued at approximately $73.19 million.
• Several hedge funds have also recently increased their stakes, with institutional and hedge funds owning a combined 89.52% of the company's stock.
• Marriott Vacations Worldwide reported quarterly earnings of $1.96 per share, exceeding estimates and reflecting a revenue increase of 9.3% from the prior year.

Hotchkis & Wiley Capital Management LLC boosted its position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,139,334 shares of the company's stock after buying an additional 85,230 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 3.30% of Marriott Vacations Worldwide worth $73,191,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in Marriott Vacations Worldwide by 136.5% during the 1st quarter. Fifth Third Bancorp now owns 395 shares of the company's stock worth $25,000 after buying an additional 228 shares in the last quarter. True Wealth Design LLC lifted its holdings in Marriott Vacations Worldwide by 35.2% during the 4th quarter. True Wealth Design LLC now owns 595 shares of the company's stock worth $53,000 after buying an additional 155 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Marriott Vacations Worldwide in the 1st quarter valued at $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Marriott Vacations Worldwide in the 4th quarter valued at $89,000. Finally, Headlands Technologies LLC acquired a new position in shares of Marriott Vacations Worldwide in the 1st quarter valued at $112,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Insider Buying and Selling

In other news, Director Christian Asmar acquired 412,449 shares of Marriott Vacations Worldwide stock in a transaction dated Tuesday, June 17th. The stock was bought at an average price of $67.61 per share, for a total transaction of $27,885,676.89. Following the completion of the acquisition, the director directly owned 3,708,433 shares in the company, valued at approximately $250,727,155.13. The trade was a 12.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Truist Financial cut their price target on Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, August 21st. Barclays cut their price target on 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 Marriott Vacations Worldwide and gave the company a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group increased their price target on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley reissued an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Marriott Vacations Worldwide presently has an average rating of "Hold" and a consensus price target of $90.50.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock traded up $0.06 during midday trading on Tuesday, reaching $77.64. 209,603 shares of the company's stock were exchanged, compared to its average volume of 471,576. Marriott Vacations Worldwide Corporation has a 52 week low of $49.22 and a 52 week high of $100.32. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.90 and a current ratio of 3.55. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 1.13 and a beta of 1.49. The stock's 50-day simple moving average is $76.52 and its 200 day simple moving average is $70.16.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.96 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 business had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter last year, the company posted $1.10 earnings per share. Marriott Vacations Worldwide's quarterly revenue was up 9.3% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide 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.