2,100 Shares in Marriott Vacations Worldwide Co. (NYSE:VAC) Bought by nVerses Capital LLC

nVerses Capital LLC acquired a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,100 shares of the company’s stock, valued at approximately $183,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Marriott Vacations Worldwide by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock worth $351,872,000 after purchasing an additional 143,074 shares during the period. Dimensional Fund Advisors LP grew its stake in Marriott Vacations Worldwide by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,387,206 shares of the company’s stock valued at $117,763,000 after acquiring an additional 66,362 shares during the period. Impactive Capital LP acquired a new position in Marriott Vacations Worldwide in the first quarter valued at about $123,613,000. Burgundy Asset Management Ltd. grew its stake in Marriott Vacations Worldwide by 3.0% in the first quarter. Burgundy Asset Management Ltd. now owns 1,096,286 shares of the company’s stock valued at $118,103,000 after acquiring an additional 32,218 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Marriott Vacations Worldwide by 17.2% in the fourth quarter. Victory Capital Management Inc. now owns 490,132 shares of the company’s stock valued at $41,607,000 after acquiring an additional 71,930 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on VAC shares. Barclays decreased their target price on Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. 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 target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. JMP Securities decreased their target price on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research note on Friday, August 2nd. Finally, Stifel Nicolaus cut their price target on Marriott Vacations Worldwide from $117.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $102.67.

Marriott Vacations Worldwide Stock Performance

VAC opened at $74.00 on Monday. Marriott Vacations Worldwide Co. has a 52-week low of $68.34 and a 52-week high of $112.32. The firm has a market capitalization of $2.60 billion, a PE ratio of 13.68, a PEG ratio of 0.68 and a beta of 1.81. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. The business’s 50-day simple moving average is $79.75 and its 200 day simple moving average is $90.01.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.89). Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $2.19 EPS. The business’s revenue was down 3.2% on a year-over-year basis. As a group, sell-side analysts expect that Marriott Vacations Worldwide Co. will post 6.16 earnings per share for the current fiscal year.

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.