Pinebridge Investments L.P. Sells 1,712 Shares of Marriot Vacations Worldwide Corporation (VAC)

Pinebridge Investments L.P. decreased its stake in shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) by 8.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 18,409 shares of the company’s stock after selling 1,712 shares during the period. Pinebridge Investments L.P. owned 0.07% of Marriot Vacations Worldwide worth $2,292,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Moody Aldrich Partners LLC lifted its holdings in Marriot Vacations Worldwide by 12.8% during the 3rd quarter. Moody Aldrich Partners LLC now owns 5,800 shares of the company’s stock worth $722,000 after purchasing an additional 656 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Marriot Vacations Worldwide by 7.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 149,988 shares of the company’s stock worth $18,679,000 after purchasing an additional 10,555 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Marriot Vacations Worldwide during the 3rd quarter worth about $328,000. Legal & General Group Plc lifted its holdings in Marriot Vacations Worldwide by 2.4% during the 3rd quarter. Legal & General Group Plc now owns 46,975 shares of the company’s stock worth $5,849,000 after purchasing an additional 1,119 shares in the last quarter. Finally, ETRADE Capital Management LLC lifted its holdings in Marriot Vacations Worldwide by 13.7% during the 3rd quarter. ETRADE Capital Management LLC now owns 10,762 shares of the company’s stock worth $1,340,000 after purchasing an additional 1,294 shares in the last quarter. 74.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of Marriot Vacations Worldwide Corporation (VAC) traded up $0.46 during midday trading on Wednesday, reaching $133.16. The company’s stock had a trading volume of 165,500 shares, compared to its average volume of 241,128. The company has a market cap of $3,515.84, a price-to-earnings ratio of 21.90 and a beta of 1.19. The company has a debt-to-equity ratio of 1.21, a current ratio of 6.64 and a quick ratio of 4.65. Marriot Vacations Worldwide Corporation has a fifty-two week low of $79.79 and a fifty-two week high of $143.53.

Marriot Vacations Worldwide (NYSE:VAC) last announced its earnings results on Thursday, November 2nd. The company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.27. The business had revenue of $486.99 million for the quarter, compared to analyst estimates of $470.05 million. Marriot Vacations Worldwide had a return on equity of 17.91% and a net margin of 8.28%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. sell-side analysts expect that Marriot Vacations Worldwide Corporation will post 5.38 EPS for the current fiscal year.

A number of equities analysts have weighed in on the company. BidaskClub upgraded Marriot Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Nomura assumed coverage on Marriot Vacations Worldwide in a research note on Wednesday, October 25th. They issued a “buy” rating and a $151.00 target price on the stock. Deutsche Bank restated a “hold” rating and issued a $112.00 target price (up from $92.00) on shares of Marriot Vacations Worldwide in a research note on Wednesday, August 9th. Zacks Investment Research lowered Marriot Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $140.00 target price on shares of Marriot Vacations Worldwide in a research note on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Marriot Vacations Worldwide currently has an average rating of “Hold” and a consensus price target of $133.22.

In other news, Director Melquiades R. Martinez sold 2,812 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $133.14, for a total transaction of $374,389.68. Following the transaction, the director now directly owns 445 shares in the company, valued at approximately $59,247.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO R. Lee Cunningham sold 9,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $135.02, for a total value of $1,215,180.00. Following the transaction, the chief operating officer now owns 19,356 shares in the company, valued at $2,613,447.12. The disclosure for this sale can be found here. Insiders have sold a total of 14,312 shares of company stock worth $1,925,645 over the last quarter. Corporate insiders own 3.30% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Pinebridge Investments L.P. Sells 1,712 Shares of Marriot Vacations Worldwide Corporation (VAC)” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.com-unik.info/2017/12/06/pinebridge-investments-l-p-sells-1712-shares-of-marriot-vacations-worldwide-corporation-vac.html.

Marriot Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

Want to see what other hedge funds are holding VAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriot Vacations Worldwide Corporation (NYSE:VAC).

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

What are top analysts saying about Marriot Vacations Worldwide Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Marriot Vacations Worldwide Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit