Trexquant Investment LP Makes New $3.40 Million Investment in Marriott Vacations Worldwide Co. (NYSE:VAC)

Trexquant Investment LP acquired a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,988 shares of the company's stock, valued at approximately $3,395,000. Trexquant Investment LP owned 0.11% of Marriott Vacations Worldwide as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Marriott Vacations Worldwide by 194.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company's stock worth $25,000 after purchasing an additional 165 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Marriott Vacations Worldwide by 20.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company's stock worth $86,000 after acquiring an additional 175 shares during the last quarter. Signaturefd LLC grew its stake in shares of Marriott Vacations Worldwide by 342.3% in the third quarter. Signaturefd LLC now owns 1,150 shares of the company's stock worth $116,000 after purchasing an additional 890 shares in the last quarter. Covestor Ltd increased its stake in shares of Marriott Vacations Worldwide by 62.0% during the third quarter. Covestor Ltd now owns 1,184 shares of the company's stock valued at $119,000 after acquiring an additional 453 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at $132,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE VAC traded up $3.01 during trading on Friday, reaching $93.23. 351,426 shares of the stock traded hands, compared to its average volume of 500,018. Marriott Vacations Worldwide Co. has a 52-week low of $72.78 and a 52-week high of $134.09. The company has a 50-day moving average of $99.62 and a 200-day moving average of $90.22. The company has a debt-to-equity ratio of 2.22, a current ratio of 3.12 and a quick ratio of 2.62. The stock has a market capitalization of $3.28 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 0.68 and a beta of 1.85.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business posted $2.54 earnings per share. The company's revenue for the quarter was up 2.2% on a year-over-year basis. Analysts forecast that Marriott Vacations Worldwide Co. will post 7.72 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, May 22nd. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 56.19%.

Analysts Set New Price Targets

Several analysts have issued reports on VAC shares. Truist Financial boosted their price objective on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. JMP Securities increased their price objective on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a "market outperform" rating in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. Barclays increased their price objective on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $112.22.

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.