Hudson Bay Capital Management LP Raises Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Hudson Bay Capital Management LP lifted its position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 44.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,183 shares of the company’s stock after buying an additional 36,682 shares during the quarter. Hudson Bay Capital Management LP owned approximately 0.34% of Marriott Vacations Worldwide worth $10,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VAC. Norges Bank purchased a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth about $31,677,000. AQR Capital Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 47.2% during the fourth quarter. AQR Capital Management LLC now owns 765,480 shares of the company’s stock worth $68,510,000 after buying an additional 245,427 shares in the last quarter. Ananym Capital Management LP purchased a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth about $21,987,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Marriott Vacations Worldwide by 45.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 475,938 shares of the company’s stock worth $42,739,000 after buying an additional 148,457 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Marriott Vacations Worldwide by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,197 shares of the company’s stock worth $169,110,000 after buying an additional 116,854 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera bought 650 shares of Marriott Vacations Worldwide stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $71.66 per share, with a total value of $46,579.00. Following the completion of the transaction, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. This trade represents a 8.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Marriott Vacations Worldwide Trading Up 0.5%

Shares of VAC stock opened at $64.66 on Monday. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a fifty-two week low of $49.22 and a fifty-two week high of $102.39. The firm’s 50 day moving average price is $60.61 and its two-hundred day moving average price is $78.51.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. Marriott Vacations Worldwide’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 earnings per share. On average, analysts anticipate that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a yield of 4.89%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 53.92%.

Analyst Ratings Changes

A number of research firms recently issued reports on VAC. Stifel Nicolaus lowered their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Barclays lowered their target price on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a report on Friday, February 28th. The Goldman Sachs Group boosted their target price on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a report on Friday. Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $67.00 to $57.00 in a report on Tuesday, April 22nd. Finally, Mizuho lowered their target price on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.38.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.