Virtu Financial LLC Acquires New Stake in Marriott Vacations Worldwide Corporation (NYSE:VAC)

Virtu Financial LLC acquired a new stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,237 shares of the company’s stock, valued at approximately $208,000.

A number of other large investors also recently bought and sold shares of the business. True Wealth Design LLC boosted its holdings in Marriott Vacations Worldwide by 35.2% during the 4th quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $53,000 after acquiring an additional 155 shares during the period. Fifth Third Bancorp boosted its holdings in Marriott Vacations Worldwide by 136.5% during the 1st quarter. Fifth Third Bancorp now owns 395 shares of the company’s stock valued at $25,000 after acquiring an additional 228 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Marriott Vacations Worldwide by 7.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company’s stock valued at $246,000 after acquiring an additional 253 shares during the period. Grandview Asset Management LLC boosted its holdings in Marriott Vacations Worldwide by 4.5% during the 1st quarter. Grandview Asset Management LLC now owns 6,920 shares of the company’s stock valued at $445,000 after acquiring an additional 300 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Marriott Vacations Worldwide by 8.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,993 shares of the company’s stock valued at $385,000 after acquiring an additional 443 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VAC. Barclays dropped their price objective on Marriott Vacations Worldwide from $97.00 to $88.00 and set an “overweight” rating for the company in a report on Monday, May 12th. The Goldman Sachs Group boosted their price objective on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a “sell” rating in a report on Wednesday, August 6th. Stifel Nicolaus set a $101.00 target price on Marriott Vacations Worldwide and gave the stock a “buy” rating in a report on Tuesday, August 5th. Mizuho lowered their target price on Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, May 9th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. Two investment 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.67.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock opened at $75.03 on Friday. Marriott Vacations Worldwide Corporation has a twelve month low of $49.22 and a twelve month high of $100.32. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 1.10 and a beta of 1.49. The stock has a fifty day simple moving average of $75.45 and a two-hundred day simple moving average of $70.69. 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 (NYSE:VAC) last issued its earnings results on Monday, August 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.24. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business earned $1.10 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Insider Activity at Marriott Vacations Worldwide

In related news, Director Christian Asmar purchased 412,449 shares of Marriott Vacations Worldwide stock in a transaction dated Tuesday, June 17th. The stock was purchased at an average cost of $67.61 per share, with a total value of $27,885,676.89. Following the transaction, the director owned 3,708,433 shares in the company, valued at approximately $250,727,155.13. The trade was a 12.51% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Marriott Vacations Worldwide Company Profile

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.