Wealthedge Investment Advisors LLC Invests $231,000 in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Key Points

• Wealthedge Investment Advisors LLC invested $231,000 in Marriott Vacations Worldwide Corporation (NYSE:VAC), acquiring 3,598 shares in the first quarter.
• Company insider Christian Asmar bought 412,449 shares of Marriott's stock for approximately $27.9 million, increasing his ownership by 12.51%.
• Marriott Vacations Worldwide reported a 9.3% increase in revenue year-over-year, with earnings per share of $1.96 for the latest quarter, surpassing estimates.

Wealthedge Investment Advisors LLC acquired a new stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,598 shares of the company's stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dark Forest Capital Management LP purchased a new stake in shares of Marriott Vacations Worldwide in the 4th quarter valued at about $734,000. Ananym Capital Management LP purchased a new stake in Marriott Vacations Worldwide in the fourth quarter valued at approximately $21,987,000. GAMMA Investing LLC lifted its position in Marriott Vacations Worldwide by 6,557.7% during the first quarter. GAMMA Investing LLC now owns 14,647 shares of the company's stock valued at $941,000 after purchasing an additional 14,427 shares during the last quarter. Captrust Financial Advisors bought a new stake in Marriott Vacations Worldwide during the fourth quarter valued at approximately $440,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Marriott Vacations Worldwide by 74.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,653 shares of the company's stock worth $1,226,000 after buying an additional 5,816 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar bought 412,449 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were bought at an average cost of $67.61 per share, with a total value of $27,885,676.89. Following the completion of the purchase, the director directly owned 3,708,433 shares of the company's stock, valued at $250,727,155.13. This trade represents a 12.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Stock Down 0.5%

Shares of NYSE:VAC opened at $75.03 on Friday. The stock 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 200-day moving average price is $70.80. 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 12-month low of $49.22 and a 12-month high of $100.32.

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 (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.24. The business 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%. Marriott Vacations Worldwide's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. On average, equities analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

VAC has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price objective on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Mizuho dropped their price target on 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. Stifel Nicolaus set a $101.00 price objective on Marriott Vacations Worldwide and gave the stock a "buy" rating in a report on Tuesday, August 5th. Morgan Stanley reiterated an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Finally, Barclays dropped their target price on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $92.67.

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.

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