Hudson Bay Capital Management LP Boosts Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Hudson Bay Capital Management LP grew its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 44.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 119,183 shares of the company's stock after buying an additional 36,682 shares during the quarter. Hudson Bay Capital Management LP owned approximately 0.34% of Marriott Vacations Worldwide worth $10,703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. grew its stake in shares of Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after purchasing an additional 302 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth $734,000. Ananym Capital Management LP bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth $21,987,000. Norges Bank bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth $31,677,000. Finally, Family Office Research LLC bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth $1,702,000. Institutional investors own 89.52% of the company's stock.

Marriott Vacations Worldwide Stock Up 0.4%

Shares of NYSE VAC traded up $0.30 during trading on Friday, hitting $71.69. 443,459 shares of the company traded hands, compared to its average volume of 454,217. The business's fifty day moving average is $60.64 and its 200 day moving average is $78.24. Marriott Vacations Worldwide Co. has a fifty-two week low of $49.22 and a fifty-two week high of $100.32. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 0.67 and a beta of 1.42. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.10. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the business earned $1.80 earnings per share. The business's quarterly revenue was up .4% compared to the same quarter last year. Equities research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.41%. Marriott Vacations Worldwide's dividend payout ratio is presently 53.92%.

Analyst Ratings Changes

Several analysts recently weighed in on VAC shares. Stifel Nicolaus reduced their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Barclays cut their price target 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. Morgan Stanley raised shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $67.00 to $57.00 in a research report on Tuesday, April 22nd. Mizuho cut their price target on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, The Goldman Sachs Group upped their price target on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $92.25.

Insider Buying and Selling

In other news, insider Stephanie Sobeck Butera acquired 650 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the purchase, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. This represents a 8.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

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.