Connor Clark & Lunn Investment Management Ltd. Invests $8.54 Million in Marriott Vacations Worldwide Corporation $VAC

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC) during the 2nd quarter, HoldingsChannel reports. The fund purchased 83,843 shares of the company’s stock, valued at approximately $8,542,000.

A number of other large investors have also recently bought and sold shares of VAC. Advisory Services Network LLC acquired a new position in Marriott Vacations Worldwide during the third quarter worth $27,000. IFP Advisors Inc boosted its stake in shares of Marriott Vacations Worldwide by 1,828.0% in the 3rd quarter. IFP Advisors Inc now owns 482 shares of the company’s stock valued at $32,000 after purchasing an additional 457 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter valued at $54,000. International Assets Investment Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 877.2% in the 1st quarter. International Assets Investment Management LLC now owns 557 shares of the company’s stock worth $38,000 after purchasing an additional 500 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth about $35,000. 89.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on VAC shares. Wells Fargo & Company lifted their price target on shares of Marriott Vacations Worldwide from $68.00 to $101.00 and gave the company an “underweight” rating in a report on Friday, August 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $132.00 price objective on shares of Marriott Vacations Worldwide in a research note on Friday, August 7th. Mizuho set a $103.00 price objective on shares of Marriott Vacations Worldwide in a report on Wednesday, May 6th. Morgan Stanley reiterated an “underweight” rating and issued a $65.00 target price on shares of Marriott Vacations Worldwide in a research note on Tuesday, August 18th. Finally, Susquehanna started coverage on Marriott Vacations Worldwide in a report on Tuesday, August 18th. They issued a “neutral” rating and a $110.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Marriott Vacations Worldwide has an average rating of “Hold” and a consensus price target of $101.45.

Insider Buying and Selling

In other news, Director Christian Asmar sold 750,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the sale, the director directly owned 3,380,818 shares of the company’s stock, valued at $376,927,398.82. This represents a 18.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kathleen A. Pighini sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $120.00, for a total transaction of $300,000.00. Following the completion of the sale, the insider directly owned 10,821 shares of the company’s stock, valued at approximately $1,298,520. This represents a 18.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 13.30% of the stock is currently owned by corporate insiders.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE:VAC opened at $114.84 on Thursday. Marriott Vacations Worldwide Corporation has a twelve month low of $44.58 and a twelve month high of $131.34. The firm has a market cap of $3.95 billion, a PE ratio of -11.79, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.99 and a current ratio of 3.56. The business has a fifty day moving average of $104.26 and a 200-day moving average of $83.14.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Thursday, August 6th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.34. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Marriott Vacations Worldwide had a positive return on equity of 12.27% and a negative net margin of 6.47%.The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.96 earnings per share. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. On average, equities research analysts predict that Marriott Vacations Worldwide Corporation will post 8.88 EPS for the current fiscal year.

Marriott Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.