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 stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 403.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 18,900 shares of the company's stock after acquiring an additional 15,145 shares during the period. Versor Investments LP owned about 0.05% of Marriott Vacations Worldwide worth $1,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VAC. Point72 Asset Management L.P. purchased a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at $37,974,000. AQR Capital Management LLC raised its holdings in Marriott Vacations Worldwide by 47.2% in the 4th quarter. AQR Capital Management LLC now owns 765,480 shares of the company's stock worth $68,510,000 after acquiring an additional 245,427 shares during the period. Ananym Capital Management LP bought a new position in Marriott Vacations Worldwide in the 4th quarter worth $21,987,000. Dimensional Fund Advisors LP grew its position in Marriott Vacations Worldwide by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,883,197 shares of the company's stock worth $169,110,000 after purchasing an additional 116,854 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Marriott Vacations Worldwide by 63.3% in the 4th quarter. First Trust Advisors LP now owns 286,081 shares of the company's stock worth $25,690,000 after purchasing an additional 110,947 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VAC shares. Mizuho reduced their price objective on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Truist Financial decreased their price objective on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday. The Goldman Sachs Group upped their target price on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a "sell" rating in a research report on Wednesday, August 6th. Morgan Stanley reaffirmed an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. Finally, Stifel Nicolaus set a $101.00 price target on shares of Marriott Vacations Worldwide and gave the company a "buy" rating in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of "Hold" and an average price target of $90.50.

Insider Buying and Selling

In other news, Director Christian Asmar purchased 337,551 shares of the stock in a transaction on Wednesday, June 18th. The stock was purchased 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Marriott Vacations Worldwide Price Performance

Marriott Vacations Worldwide stock traded up $5.44 during trading hours on Friday, reaching $79.39. 507,997 shares of the stock were exchanged, compared to its average volume of 557,408. The company has a market cap of $2.75 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 1.07 and a beta of 1.49. The company has a current ratio of 3.55, a quick ratio of 2.90 and a debt-to-equity ratio of 2.17. Marriott Vacations Worldwide Corporation has a twelve month low of $49.22 and a twelve month high of $100.32. The stock has a 50 day moving average of $76.03 and a two-hundred day moving average of $70.46.

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

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.