ARP Americas LP Acquires New Stake in Marriott Vacations Worldwide Corp (NYSE:VAC)

ARP Americas LP acquired a new stake in Marriott Vacations Worldwide Corp (NYSE:VAC) during the second quarter, according to its most recent filing with the SEC. The firm acquired 3,800 shares of the company’s stock, valued at approximately $312,000.

A number of other large investors have also recently bought and sold shares of VAC. Norges Bank purchased a new position in Marriott Vacations Worldwide in the 4th quarter valued at $49,124,000. Senvest Management LLC grew its position in Marriott Vacations Worldwide by 17.1% in the 1st quarter. Senvest Management LLC now owns 2,004,536 shares of the company’s stock valued at $111,412,000 after buying an additional 293,420 shares during the last quarter. Iridian Asset Management LLC CT grew its position in Marriott Vacations Worldwide by 31.2% in the 1st quarter. Iridian Asset Management LLC CT now owns 1,177,734 shares of the company’s stock valued at $65,458,000 after buying an additional 279,939 shares during the last quarter. Van Berkom & Associates Inc. grew its position in Marriott Vacations Worldwide by 18.4% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,130,384 shares of the company’s stock valued at $62,827,000 after buying an additional 175,322 shares during the last quarter. Finally, Zimmer Partners LP purchased a new stake in shares of Marriott Vacations Worldwide during the 1st quarter worth $9,032,000. Hedge funds and other institutional investors own 80.25% of the company’s stock.

In related news, CAO Laurie A. Sullivan sold 1,390 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $97.77, for a total value of $135,900.30. Following the completion of the transaction, the chief accounting officer now owns 4,867 shares of the company’s stock, valued at approximately $475,846.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

VAC stock traded down $2.68 during trading on Friday, hitting $84.66. The stock had a trading volume of 495,929 shares, compared to its average volume of 359,193. The company’s 50 day moving average price is $86.05 and its two-hundred day moving average price is $90.82. Marriott Vacations Worldwide Corp has a 1-year low of $30.10 and a 1-year high of $131.27. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 19.46 and a beta of 2.44. The company has a debt-to-equity ratio of 1.70, a quick ratio of 2.85 and a current ratio of 3.49.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, July 29th. The company reported ($1.76) earnings per share for the quarter, missing the consensus estimate of ($1.24) by ($0.52). Marriott Vacations Worldwide had a negative net margin of 2.94% and a positive return on equity of 6.39%. The firm had revenue of $480.00 million during the quarter, compared to analyst estimates of $462.41 million. During the same period in the previous year, the firm posted $1.99 EPS. The company’s revenue for the quarter was down 55.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Marriott Vacations Worldwide Corp will post 3.02 earnings per share for the current fiscal year.

VAC has been the topic of several research analyst reports. SunTrust Banks decreased their target price on shares of Marriott Vacations Worldwide from $118.00 to $114.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Credit Suisse Group initiated coverage on shares of Marriott Vacations Worldwide in a research report on Thursday, May 21st. They set a “buy” rating and a $100.00 target price on the stock. Deutsche Bank boosted their target price on shares of Marriott Vacations Worldwide from $65.00 to $74.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Nomura decreased their target price on shares of Marriott Vacations Worldwide from $136.00 to $109.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Finally, ValuEngine upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $103.71.

Marriott Vacations Worldwide Profile

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.

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

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