16,000 Shares in Marriot Vacations Worldwide Corporation (NYSE:VAC) Purchased by 361 Capital LLC

361 Capital LLC bought a new position in Marriot Vacations Worldwide Corporation (NYSE:VAC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,000 shares of the company’s stock, valued at approximately $1,992,000. 361 Capital LLC owned approximately 0.06% of Marriot Vacations Worldwide as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of VAC. JPMorgan Chase & Co. lifted its stake in shares of Marriot Vacations Worldwide by 7.0% in the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $138,000 after buying an additional 77 shares in the last quarter. Creative Planning lifted its position in Marriot Vacations Worldwide by 3.2% during the second quarter. Creative Planning now owns 1,307 shares of the company’s stock valued at $154,000 after purchasing an additional 40 shares during the period. Turner Investments LLC bought a new position in Marriot Vacations Worldwide during the second quarter valued at approximately $177,000. Quantbot Technologies LP bought a new position in Marriot Vacations Worldwide during the second quarter valued at approximately $196,000. Finally, M&T Bank Corp bought a new position in Marriot Vacations Worldwide during the second quarter valued at approximately $204,000. Hedge funds and other institutional investors own 74.04% of the company’s stock.

VAC has been the topic of several recent research reports. ValuEngine downgraded shares of Marriot Vacations Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $130.00 price target (up from $120.00) on shares of Marriot Vacations Worldwide in a research report on Thursday, September 21st. Instinet assumed coverage on shares of Marriot Vacations Worldwide in a research report on Wednesday, October 25th. They issued a “buy” rating and a $151.00 price target on the stock. Zacks Investment Research raised shares of Marriot Vacations Worldwide from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research note on Tuesday, August 8th. Finally, Janney Montgomery Scott reissued a “buy” rating and issued a $140.00 price objective on shares of Marriot Vacations Worldwide in a research note on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Marriot Vacations Worldwide currently has a consensus rating of “Hold” and a consensus target price of $133.22.

Marriot Vacations Worldwide Corporation (VAC) traded down $0.28 on Monday, reaching $132.70. 105,410 shares of the company traded hands, compared to its average volume of 241,453. The stock has a market capitalization of $3,523.26, a PE ratio of 21.94 and a beta of 1.19. Marriot Vacations Worldwide Corporation has a 52 week low of $79.79 and a 52 week high of $143.53. The company has a quick ratio of 4.65, a current ratio of 6.64 and a debt-to-equity ratio of 1.21.

Marriot Vacations Worldwide (NYSE:VAC) last posted its earnings results on Thursday, November 2nd. The company reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.27. The company had revenue of $486.99 million during the quarter, compared to analysts’ expectations of $470.05 million. Marriot Vacations Worldwide had a net margin of 8.28% and a return on equity of 17.91%. Marriot Vacations Worldwide’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the company posted $0.96 earnings per share. analysts anticipate that Marriot Vacations Worldwide Corporation will post 5.38 earnings per share for the current year.

In other Marriot Vacations Worldwide news, Director Melquiades R. Martinez sold 2,812 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $133.14, for a total transaction of $374,389.68. Following the completion of the transaction, the director now owns 445 shares in the company, valued at $59,247.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO R. Lee Cunningham sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $135.02, for a total transaction of $1,215,180.00. Following the completion of the sale, the chief operating officer now owns 19,356 shares of the company’s stock, valued at approximately $2,613,447.12. The disclosure for this sale can be found here. Insiders have sold 20,274 shares of company stock valued at $2,606,386 over the last ninety days. 3.30% of the stock is currently owned by corporate insiders.

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Marriot Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

Institutional Ownership by Quarter for Marriot Vacations Worldwide (NYSE:VAC)

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