Marriott Vacations Worldwide Corporation (NYSE:VAC) Stock Position Raised by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. increased its position in Marriott Vacations Worldwide by 101.3%, acquiring a total of 12,546 shares valued at approximately $806,000.
• Director Christian Asmar purchased 337,551 shares at an average price of $68.11 each, increasing his ownership by 9.10% to approximately $275.57 million.
• Marriott Vacations Worldwide reported an earnings per share (EPS) of $1.96, surpassing analysts' estimates and showing a 9.3% increase in revenue year-over-year.

Fox Run Management L.L.C. raised its position in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 101.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,546 shares of the company's stock after purchasing an additional 6,315 shares during the period. Fox Run Management L.L.C.'s holdings in Marriott Vacations Worldwide were worth $806,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in shares of 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 purchasing an additional 228 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of Marriott Vacations Worldwide by 35.2% during the 4th quarter. True Wealth Design LLC now owns 595 shares of the company's stock valued at $53,000 after acquiring an additional 155 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Marriott Vacations Worldwide during the 1st quarter valued at about $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at about $89,000. Finally, Headlands Technologies LLC acquired a new position in shares of Marriott Vacations Worldwide during the 1st quarter valued at about $112,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marriott Vacations Worldwide

In other news, Director Christian Asmar acquired 337,551 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were bought at an average price of $68.11 per share, with a total value of $22,990,598.61. Following the acquisition, the director owned 4,045,984 shares of the company's stock, valued at $275,571,970.24. This trade represents a 9.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VAC has been the topic of a number of analyst reports. Stifel Nicolaus set a $101.00 price objective on Marriott Vacations Worldwide and gave the company a "buy" rating in a report on Tuesday, August 5th. Mizuho lowered their price objective 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. The Goldman Sachs Group increased their price objective on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Morgan Stanley reissued an "underweight" rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Finally, Barclays lowered their price objective on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Two 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 stock. Based on data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of "Hold" and an average price target of $92.67.

Marriott Vacations Worldwide Stock Performance

VAC opened at $75.03 on Friday. The firm has a market capitalization of $2.60 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.49. The stock's 50 day moving average price is $75.45 and its two-hundred day moving average price is $70.80. 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.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.24. The firm had revenue of $1.25 billion for 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 company's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. On average, equities analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current 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.

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