Royal Fund Management LLC Invests $35,000 in Marriott Vacations Worldwide Corp (NYSE:VAC)

Royal Fund Management LLC acquired a new position in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 631 shares of the company’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in shares of Marriott Vacations Worldwide by 5.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,246,878 shares of the company’s stock worth $160,548,000 after purchasing an additional 62,144 shares during the period. Geode Capital Management LLC grew its stake in Marriott Vacations Worldwide by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 516,139 shares of the company’s stock valued at $66,458,000 after acquiring an additional 6,379 shares during the period. Wedge Capital Management L L P NC grew its stake in Marriott Vacations Worldwide by 1.9% in the 1st quarter. Wedge Capital Management L L P NC now owns 487,179 shares of the company’s stock valued at $27,077,000 after acquiring an additional 9,149 shares during the period. Norges Bank acquired a new stake in Marriott Vacations Worldwide in the 4th quarter valued at $49,124,000. Finally, Victory Capital Management Inc. grew its stake in Marriott Vacations Worldwide by 27.5% in the 1st quarter. Victory Capital Management Inc. now owns 258,932 shares of the company’s stock valued at $14,391,000 after acquiring an additional 55,825 shares during the period. 82.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of VAC opened at $90.00 on Friday. Marriott Vacations Worldwide Corp has a 52-week low of $30.10 and a 52-week high of $131.27. The company has a quick ratio of 2.50, a current ratio of 3.16 and a debt-to-equity ratio of 1.35. The firm’s fifty day moving average is $74.29 and its two-hundred day moving average is $103.17. The stock has a market cap of $3.73 billion, a PE ratio of 11.59 and a beta of 2.44.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, February 26th. The company reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.58 by ($0.15). Marriott Vacations Worldwide had a return on equity of 10.90% and a net margin of 3.13%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, research analysts anticipate that Marriott Vacations Worldwide Corp will post 3.4 earnings per share for the current year.

A number of research firms recently issued reports on VAC. JPMorgan Chase & Co. dropped their price target on shares of Marriott Vacations Worldwide from $124.00 to $93.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Credit Suisse Group began coverage on shares of Marriott Vacations Worldwide in a research note on Thursday. They issued a “buy” rating and a $100.00 price target on the stock. SunTrust Banks dropped their price target on shares of Marriott Vacations Worldwide from $118.00 to $114.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Nomura dropped their price target on shares of Marriott Vacations Worldwide from $136.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Finally, ValuEngine raised shares of Marriott Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $102.43.

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, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.

Read More: What causes a recession?

Institutional Ownership by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

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