Versor Investments LP Acquires 15,145 Shares of Marriott Vacations Worldwide Corporation $VAC

Key Points

• Versor Investments LP increased its holdings in Marriott Vacations Worldwide by 403.3%, acquiring an additional 15,145 shares, bringing its total ownership to 18,900 shares valued at approximately $1.21 million.
• Marriott Vacations Worldwide reported a 9.3% year-over-year revenue growth in its latest quarter, with an earnings per share (EPS) of $1.96, surpassing analysts' estimates.
• Analysts have varied outlooks on Marriott Vacations, with price targets ranging from $55 to $112, leading to an average rating of "Hold" and a consensus price target of $92.67.

Versor Investments LP grew its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 403.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,900 shares of the company's stock after buying an additional 15,145 shares during the period. Versor Investments LP owned approximately 0.05% of Marriott Vacations Worldwide worth $1,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of Marriott Vacations Worldwide by 136.5% in 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 boosted its stake 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 worth $53,000 after purchasing an additional 155 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Marriott Vacations Worldwide during the 1st quarter worth about $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth about $89,000. Finally, Headlands Technologies LLC purchased a new position in shares of Marriott Vacations Worldwide during the 1st quarter worth about $112,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar purchased 337,551 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, June 18th. The stock was acquired at an average price of $68.11 per share, for a total transaction of $22,990,598.61. Following the acquisition, the director owned 4,045,984 shares in the company, valued at $275,571,970.24. This trade represents a 9.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Trading Up 7.4%

Marriott Vacations Worldwide stock traded up $5.44 during trading hours on Friday, hitting $79.39. The company had a trading volume of 512,985 shares, compared to its average volume of 471,953. The firm has a market cap of $2.75 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.08 and a beta of 1.49. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.90 and a current ratio of 3.55. Marriott Vacations Worldwide Corporation has a 1 year low of $49.22 and a 1 year high of $100.32. The company has a 50-day moving average price of $76.32 and a two-hundred day moving average price of $70.43.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.24. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the previous year, the company earned $1.10 EPS. The firm'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, sell-side analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Mizuho dropped their price target on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Truist Financial dropped their price target on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday. The Goldman Sachs Group lifted their price target on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. Barclays dropped their price target on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Finally, Stifel Nicolaus set a $101.00 price target on shares of Marriott Vacations Worldwide and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $90.50.

About Marriott Vacations Worldwide

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.