Loomis Sayles & Co. L P grew its holdings in Marriott Vacations Worldwide Corp (NYSE:VAC) by 50.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 229,923 shares of the company’s stock after purchasing an additional 77,140 shares during the period. Loomis Sayles & Co. L P owned approximately 0.87% of Marriott Vacations Worldwide worth $25,694,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Marriott Vacations Worldwide by 38.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 258,418 shares of the company’s stock valued at $28,878,000 after purchasing an additional 71,321 shares during the period. Tower Research Capital LLC TRC acquired a new position in Marriott Vacations Worldwide during the 3rd quarter worth approximately $580,000. New South Capital Management Inc. acquired a new position in Marriott Vacations Worldwide during the 3rd quarter worth approximately $15,315,000. Eaton Vance Management raised its stake in Marriott Vacations Worldwide by 4.2% during the 3rd quarter. Eaton Vance Management now owns 40,777 shares of the company’s stock worth $4,557,000 after buying an additional 1,647 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Marriott Vacations Worldwide during the 3rd quarter worth approximately $784,000. Institutional investors own 79.32% of the company’s stock.
VAC has been the topic of a number of research reports. Nomura set a $158.00 price target on Marriott Vacations Worldwide and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research raised Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Wednesday, October 17th. ValuEngine raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Finally, Macquarie downgraded Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research note on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $137.20.
Shares of VAC opened at $77.84 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.83 and a quick ratio of 3.00. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 1.46 and a beta of 1.51. Marriott Vacations Worldwide Corp has a 52 week low of $72.10 and a 52 week high of $154.14.
Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, November 7th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.34). The business had revenue of $750.00 million during the quarter, compared to the consensus estimate of $717.48 million. Marriott Vacations Worldwide had a net margin of 4.04% and a return on equity of 10.28%. The business’s revenue was up 41.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 earnings per share. Analysts expect that Marriott Vacations Worldwide Corp will post 5.83 EPS for the current year.
In other Marriott Vacations Worldwide news, Director Charles Elliott Andrews bought 6,380 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, November 28th. The stock was bought at an average cost of $79.17 per share, with a total value of $505,104.60. Following the completion of the acquisition, the director now directly owns 6,380 shares in the company, valued at approximately $505,104.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen P. Weisz bought 2,355 shares of Marriott Vacations Worldwide stock in a transaction dated Friday, November 9th. The stock was acquired at an average cost of $81.22 per share, with a total value of $191,273.10. Following the completion of the acquisition, the chief executive officer now owns 186,352 shares of the company’s stock, valued at $15,135,509.44. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 14,735 shares of company stock valued at $1,156,758. 3.50% of the stock is currently owned by corporate insiders.
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Marriott Vacations Worldwide Profile
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.
Further Reading: Buyback For Investors Defined
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