5,633 Shares in Marriott Vacations Worldwide Corp (VAC) Acquired by Virtu Financial LLC
Virtu Financial LLC bought a new position in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,633 shares of the company’s stock, valued at approximately $629,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of VAC. Itau Unibanco Holding S.A. bought a new position in Marriott Vacations Worldwide during the second quarter worth $108,000. Macquarie Group Ltd. boosted its stake in Marriott Vacations Worldwide by 266.7% during the second quarter. Macquarie Group Ltd. now owns 1,100 shares of the company’s stock worth $124,000 after acquiring an additional 800 shares in the last quarter. Moneta Group Investment Advisors LLC bought a new position in Marriott Vacations Worldwide during the second quarter worth $132,000. Cerebellum GP LLC bought a new position in Marriott Vacations Worldwide during the third quarter worth $151,000. Finally, Ferguson Wellman Capital Management Inc. bought a new position in Marriott Vacations Worldwide during the second quarter worth $211,000. 79.32% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on VAC shares. Nomura set a $158.00 price objective on shares of Marriott Vacations Worldwide and gave the company a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Wednesday, October 17th. ValuEngine lowered shares of Marriott Vacations Worldwide from a “sell” rating to a “strong sell” rating in a research note on Monday, October 8th. Finally, Macquarie lowered shares of 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 presently has a consensus rating of “Buy” and a consensus target price of $137.20.
Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, November 7th. The company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.34). Marriott Vacations Worldwide had a net margin of 4.04% and a return on equity of 10.28%. The business had revenue of $750.00 million during the quarter, compared to the consensus estimate of $717.48 million. During the same period last year, the business posted $1.39 earnings per share. The firm’s quarterly revenue was up 41.5% on a year-over-year basis. Equities research analysts predict that Marriott Vacations Worldwide Corp will post 5.83 EPS for the current year.
In other news, VP John E. Geller, Jr. bought 6,000 shares of the stock in a transaction dated Monday, November 12th. The stock was bought at an average price of $76.73 per share, for a total transaction of $460,380.00. Following the completion of the acquisition, the vice president now directly owns 79,165 shares in the company, valued at approximately $6,074,330.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles Elliott Andrews bought 6,380 shares of the stock in a transaction dated Wednesday, November 28th. The stock was purchased at an average price of $79.17 per share, with a total value of $505,104.60. Following the acquisition, the director now owns 6,380 shares of the company’s stock, valued at $505,104.60. The disclosure for this purchase can be found here. Insiders acquired 14,735 shares of company stock worth $1,156,758 over the last ninety days. Insiders own 3.50% of the company’s stock.
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About Marriott Vacations Worldwide
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.
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