Seven Bridges Advisors LLC increased its stake in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 23.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,974 shares of the company’s stock after buying an additional 948 shares during the period. Seven Bridges Advisors LLC’s holdings in Marriot Vacations Worldwide Corporation were worth $586,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Stratos Wealth Partners LTD. increased its stake in Marriot Vacations Worldwide Corporation by 0.3% in the first quarter. Stratos Wealth Partners LTD. now owns 5,858 shares of the company’s stock valued at $585,000 after buying an additional 15 shares in the last quarter. Creative Planning increased its stake in Marriot Vacations Worldwide Corporation by 3.2% in the second quarter. Creative Planning now owns 1,307 shares of the company’s stock valued at $154,000 after buying an additional 40 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Marriot Vacations Worldwide Corporation by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 7,686 shares of the company’s stock valued at $899,000 after buying an additional 50 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Marriot Vacations Worldwide Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 2,700 shares of the company’s stock valued at $269,000 after buying an additional 70 shares in the last quarter. Finally, US Bancorp DE increased its stake in Marriot Vacations Worldwide Corporation by 6.3% in the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock valued at $147,000 after buying an additional 87 shares in the last quarter. 78.93% of the stock is owned by hedge funds and other institutional investors.

Marriot Vacations Worldwide Corporation (NYSE VAC) opened at 114.62 on Tuesday. Marriot Vacations Worldwide Corporation has a 52 week low of $59.33 and a 52 week high of $128.25. The company has a market cap of $3.11 billion, a P/E ratio of 21.86 and a beta of 1.14. The company has a 50-day moving average of $118.04 and a 200-day moving average of $104.92.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. The company had revenue of $497.62 million during the quarter, compared to analysts’ expectations of $489.85 million. During the same quarter last year, the company posted $1.08 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts predict that Marriot Vacations Worldwide Corporation will post $5.50 EPS for the current year.

Marriot Vacations Worldwide Corporation announced that its Board of Directors has authorized a share buyback plan on Thursday, August 3rd that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: “Marriot Vacations Worldwide Corporation (VAC) Shares Bought by Seven Bridges Advisors LLC” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/08/08/marriot-vacations-worldwide-corporation-vac-shares-bought-by-seven-bridges-advisors-llc.html.

Several research firms have recently weighed in on VAC. Zacks Investment Research downgraded shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Telsey Advisory Group reduced their price objective on shares of Marriot Vacations Worldwide Corporation from $113.00 to $96.00 and set a “market perform” rating for the company in a research note on Friday, May 5th. BidaskClub downgraded shares of Marriot Vacations Worldwide Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, ValuEngine raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $116.25.

In other Marriot Vacations Worldwide Corporation news, Director Thomas J. Hutchison III sold 3,599 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $118.15, for a total value of $425,221.85. Following the completion of the transaction, the director now owns 1,281 shares of the company’s stock, valued at approximately $151,350.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lizabeth Kane-Hanan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $119.00, for a total transaction of $595,000.00. Following the completion of the transaction, the vice president now directly owns 27,832 shares of the company’s stock, valued at approximately $3,312,008. The disclosure for this sale can be found here. Insiders sold a total of 42,861 shares of company stock valued at $5,110,417 in the last three months. 3.30% of the stock is currently owned by corporate insiders.

About Marriot Vacations Worldwide Corporation

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 Corporation (NYSE:VAC)

Receive News & Ratings for Marriot Vacations Worldwide Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriot Vacations Worldwide Corporation and related companies with MarketBeat.com's FREE daily email newsletter.