Trexquant Investment LP bought a new stake in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) during the second quarter, Holdings Channel reports. The fund bought 9,200 shares of the company’s stock, valued at approximately $1,083,000.

Other hedge funds have also bought and sold shares of the company. Creative Planning boosted its stake in Marriot Vacations Worldwide Corporation by 12.4% in the first quarter. Creative Planning now owns 1,267 shares of the company’s stock valued at $127,000 after buying an additional 140 shares in the last quarter. US Bancorp DE boosted 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. Strs Ohio boosted its stake in Marriot Vacations Worldwide Corporation by 100.0% in the second quarter. Strs Ohio now owns 1,800 shares of the company’s stock valued at $211,000 after buying an additional 900 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Marriot Vacations Worldwide Corporation during the first quarter valued at approximately $193,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Marriot Vacations Worldwide Corporation during the second quarter valued at approximately $236,000. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Marriot Vacations Worldwide Corporation (VAC) opened at 111.14 on Thursday. The firm’s 50-day moving average price is $116.50 and its 200-day moving average price is $105.96. 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 capitalization of $3.02 billion, a price-to-earnings ratio of 21.20 and a beta of 1.14.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, topping the 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 firm had revenue of $497.62 million during the quarter, compared to analysts’ expectations of $489.85 million. During the same quarter in the previous year, the company posted $1.08 EPS. Marriot Vacations Worldwide Corporation’s revenue was up 17.6% on a year-over-year basis. On average, equities analysts expect that Marriot Vacations Worldwide Corporation will post $5.52 earnings per share for the current year.

Marriot Vacations Worldwide Corporation declared that its board has authorized a stock repurchase program on Thursday, August 3rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

WARNING: “Trexquant Investment LP Buys Shares of 9,200 Marriot Vacations Worldwide Corporation (VAC)” was first published by Daily Political and is the property of of Daily Political. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.dailypolitical.com/2017/08/10/trexquant-investment-lp-buys-shares-of-9200-marriot-vacations-worldwide-corporation-vac.html.

Several analysts recently commented on the company. Deutsche Bank AG restated a “hold” rating and issued a $112.00 target price (up from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research report on Wednesday. Zacks Investment Research upgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research report on Tuesday. BidaskClub cut Marriot Vacations Worldwide Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Telsey Advisory Group raised their target price on Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the company a “market perform” rating in a research report on Friday, August 4th. Finally, Stifel Nicolaus raised their target price on Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $118.63.

In related news, CEO Stephen P. Weisz sold 9,851 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $119.84, for a total value of $1,180,543.84. Following the completion of the transaction, the chief executive officer now owns 179,185 shares in the company, valued at approximately $21,473,530.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lizabeth Kane-Hanan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was 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 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 53,361 shares of company stock valued at $6,313,822 in the last 90 days. 3.30% of the stock is currently owned by corporate insiders.

Marriot Vacations Worldwide Corporation Company 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.

Want to see what other hedge funds are holding VAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriot Vacations Worldwide Corporation (NYSE:VAC).

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.