Marriott Vacations Worldwide Co. (NYSE:VAC) Stake Trimmed by Senvest Management LLC

Senvest Management LLC lowered its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 21.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,489,125 shares of the company's stock after selling 404,841 shares during the period. Marriott Vacations Worldwide makes up approximately 4.1% of Senvest Management LLC's portfolio, making the stock its 10th largest position. Senvest Management LLC owned approximately 4.27% of Marriott Vacations Worldwide worth $133,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Marriott Vacations Worldwide in the 4th quarter worth approximately $31,677,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Marriott Vacations Worldwide by 45.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company's stock worth $42,739,000 after acquiring an additional 148,457 shares during the period. Cibc World Market Inc. increased its position in Marriott Vacations Worldwide by 251.3% during the fourth quarter. Cibc World Market Inc. now owns 133,372 shares of the company's stock valued at $11,977,000 after acquiring an additional 95,409 shares during the last quarter. Trexquant Investment LP increased its position in Marriott Vacations Worldwide by 342.4% during the fourth quarter. Trexquant Investment LP now owns 93,204 shares of the company's stock valued at $8,370,000 after acquiring an additional 72,136 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in Marriott Vacations Worldwide in the fourth quarter valued at about $4,231,000. 89.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VAC has been the subject of several research reports. Morgan Stanley assumed coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an "underweight" rating and a $87.00 price target for the company. Barclays decreased their price target on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Mizuho upped their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group lowered their target price on Marriott Vacations Worldwide from $78.00 to $48.00 and set a "sell" rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial reduced their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $98.13.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera bought 650 shares of Marriott Vacations Worldwide stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the acquisition, the insider now directly owns 8,770 shares in the company, valued at approximately $628,458.20. This represents a 8.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Price Performance

Shares of Marriott Vacations Worldwide stock traded up $0.44 during trading hours on Friday, hitting $53.03. The company's stock had a trading volume of 303,842 shares, compared to its average volume of 432,964. 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 Co. has a 12-month low of $49.22 and a 12-month high of $103.51. The business has a 50 day moving average price of $68.44 and a two-hundred day moving average price of $80.39. The company has a market cap of $1.83 billion, a PE ratio of 10.10, a PEG ratio of 0.67 and a beta of 1.66.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.35. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.24 billion. Analysts expect that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide's payout ratio is presently 56.23%.

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.