Aristeia Capital L.L.C. Invests $432,000 in Marriott Vacations Worldwide Co. (NYSE:VAC)

Aristeia Capital L.L.C. acquired a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,950 shares of the company’s stock, valued at approximately $432,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Marriott Vacations Worldwide by 615.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after acquiring an additional 246 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Marriott Vacations Worldwide during the first quarter worth $41,000. Innealta Capital LLC acquired a new position in shares of Marriott Vacations Worldwide in the 2nd quarter valued at $90,000. TFO Wealth Partners LLC increased its position in shares of Marriott Vacations Worldwide by 61,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock valued at $105,000 after buying an additional 1,231 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Marriott Vacations Worldwide during the 4th quarter worth $141,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Transactions at Marriott Vacations Worldwide

In other news, insider Jason P. Marino bought 700 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the purchase, the insider now owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

VAC has been the subject of a number of research analyst reports. StockNews.com cut Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Stifel Nicolaus dropped their target price on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a report on Friday, September 13th. JMP Securities reduced their price target on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. Finally, Barclays dropped their price objective on shares of Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus price target of $97.45.

Marriott Vacations Worldwide Trading Up 1.2 %

Marriott Vacations Worldwide stock opened at $76.14 on Wednesday. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 0.70 and a beta of 1.81. The firm has a 50-day moving average of $75.67 and a 200-day moving average of $87.75. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.28 and a quick ratio of 2.72. Marriott Vacations Worldwide Co. has a one year low of $67.28 and a one year high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the business earned $2.19 earnings per share. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities analysts expect that Marriott Vacations Worldwide Co. will post 6.11 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

About Marriott Vacations Worldwide

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.