Trexquant Investment LP Sells 74,395 Shares of Marriott Vacations Worldwide Corporation $VAC

Key Points

• Trexquant Investment LP significantly reduced its stake in Marriott Vacations Worldwide Corporation by 79.8%, now holding only 18,809 shares valued at approximately $1.21 million after selling 74,395 shares.
• Marriott Vacations Worldwide reported a 9.3% increase in revenue year-over-year, totaling $1.25 billion, and surpassed analysts' earnings expectations with a Q2 EPS of $1.96.
• The company declared a quarterly dividend of $0.79 per share with a dividend yield of 4.0%, set to be paid on October 1st.

Trexquant Investment LP decreased its holdings in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 79.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,809 shares of the company's stock after selling 74,395 shares during the quarter. Trexquant Investment LP owned about 0.05% of Marriott Vacations Worldwide worth $1,208,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VAC. Fifth Third Bancorp grew its holdings in Marriott Vacations Worldwide by 136.5% during 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 period. Investment Advisory Group LLC acquired a new position in shares of Marriott Vacations Worldwide in the first quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Marriott Vacations Worldwide in the first quarter valued at approximately $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $89,000. Finally, Headlands Technologies LLC acquired a new position in shares of Marriott Vacations Worldwide in the first quarter valued at approximately $112,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VAC. The Goldman Sachs Group upped their price target on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Stifel Nicolaus set a $101.00 price objective on shares of Marriott Vacations Worldwide and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Truist Financial dropped their price target on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, August 21st. Morgan Stanley reissued an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Finally, Barclays dropped their price objective on shares of 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. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $90.50.

Marriott Vacations Worldwide Trading Down 0.1%

Shares of NYSE VAC traded down $0.04 during midday trading on Tuesday, reaching $78.19. The stock had a trading volume of 351,107 shares, compared to its average volume of 312,740. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.14 and a beta of 1.48. Marriott Vacations Worldwide Corporation has a twelve month low of $49.22 and a twelve month 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 company's 50 day moving average price is $78.09 and its 200 day moving average price is $69.66.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.22 billion. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 EPS. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. As a group, sell-side analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be paid a $0.79 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $3.16 annualized dividend and a dividend yield of 4.0%. Marriott Vacations Worldwide's payout ratio is currently 47.52%.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, Director Christian Asmar acquired 337,551 shares of the stock in a transaction dated Wednesday, June 18th. The stock was bought at an average price of $68.11 per share, for a total transaction of $22,990,598.61. Following the purchase, the director directly owned 4,045,984 shares of the company's stock, valued at $275,571,970.24. The trade was a 9.10% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

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.