Stone Ridge Asset Management LLC Acquires Shares of 2,698 Marriott Vacations Worldwide Corp (VAC)

Stone Ridge Asset Management LLC acquired a new stake in Marriott Vacations Worldwide Corp (NYSE:VAC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,698 shares of the company’s stock, valued at approximately $301,000.

Several other institutional investors have also made changes to their positions in the company. Nomura Holdings Inc. bought a new stake in shares of Marriott Vacations Worldwide in the second quarter worth about $287,000. Savant Capital LLC bought a new stake in shares of Marriott Vacations Worldwide in the third quarter worth about $18,499,000. Moneta Group Investment Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide in the second quarter worth about $132,000. Northern Trust Corp increased its stake in Marriott Vacations Worldwide by 1.5% during the second quarter. Northern Trust Corp now owns 439,319 shares of the company’s stock worth $49,625,000 after acquiring an additional 6,683 shares during the last quarter. Finally, FMR LLC increased its stake in Marriott Vacations Worldwide by 1.7% during the second quarter. FMR LLC now owns 1,319,230 shares of the company’s stock worth $149,020,000 after acquiring an additional 21,916 shares during the last quarter.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Marriott Vacations Worldwide from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, July 31st. ValuEngine cut Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Finally, Macquarie cut Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research note on Thursday, November 15th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $137.20.

In other Marriott Vacations Worldwide news, CEO Stephen P. Weisz bought 2,355 shares of the business’s stock in a transaction dated Friday, November 9th. The shares were purchased at an average price of $81.22 per share, with a total value of $191,273.10. Following the completion of the purchase, the chief executive officer now owns 186,352 shares in the company, valued at approximately $15,135,509.44. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP John E. Geller, Jr. bought 6,000 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were acquired at an average cost of $76.73 per share, for a total transaction of $460,380.00. Following the purchase, the vice president now owns 79,165 shares of the company’s stock, valued at approximately $6,074,330.45. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.

Shares of NYSE VAC opened at $76.58 on Friday. The company has a current ratio of 3.83, a quick ratio of 3.00 and a debt-to-equity ratio of 1.11. Marriott Vacations Worldwide Corp has a 1-year low of $72.10 and a 1-year high of $154.14. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 1.32 and a beta of 1.54.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $1.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.34). Marriott Vacations Worldwide had a return on equity of 10.28% and a net margin of 4.04%. The company had revenue of $750.00 million for the quarter, compared to the consensus estimate of $717.48 million. During the same period in the previous year, the firm earned $1.39 earnings per share. The company’s revenue was up 41.5% compared to the same quarter last year. As a group, analysts predict that Marriott Vacations Worldwide Corp will post 5.79 EPS for the current fiscal year.

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

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