Marriot Vacations Worldwide Corporation (VAC) Stake Lowered by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC reduced its holdings in Marriot Vacations Worldwide Corporation (NYSE:VAC) by 12.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,924 shares of the company’s stock after selling 8,446 shares during the quarter. Keeley Teton Advisors LLC owned approximately 0.21% of Marriot Vacations Worldwide worth $7,089,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Prudential Financial Inc. raised its position in Marriot Vacations Worldwide by 15.2% in the 2nd quarter. Prudential Financial Inc. now owns 58,053 shares of the company’s stock worth $6,836,000 after purchasing an additional 7,674 shares during the last quarter. Northern Trust Corp raised its position in Marriot Vacations Worldwide by 4.5% in the 2nd quarter. Northern Trust Corp now owns 446,755 shares of the company’s stock worth $52,605,000 after purchasing an additional 19,203 shares during the last quarter. First Trust Advisors LP raised its position in Marriot Vacations Worldwide by 43.9% in the 2nd quarter. First Trust Advisors LP now owns 23,109 shares of the company’s stock worth $2,721,000 after purchasing an additional 7,045 shares during the last quarter. Cambria Investment Management L.P. bought a new position in Marriot Vacations Worldwide in the 2nd quarter worth approximately $856,000. Finally, Virginia Retirement Systems ET AL raised its position in Marriot Vacations Worldwide by 235.5% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 10,400 shares of the company’s stock worth $1,225,000 after purchasing an additional 7,300 shares during the last quarter. Hedge funds and other institutional investors own 74.04% of the company’s stock.

In other news, VP Michael E. Yonker sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $134.43, for a total value of $336,075.00. Following the completion of the transaction, the vice president now owns 3,128 shares of the company’s stock, valued at approximately $420,497.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Melquiades R. Martinez sold 2,812 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $133.14, for a total transaction of $374,389.68. Following the completion of the transaction, the director now directly owns 445 shares of the company’s stock, valued at approximately $59,247.30. The disclosure for this sale can be found here. Insiders sold a total of 14,312 shares of company stock valued at $1,925,645 in the last three months. 3.30% of the stock is owned by company insiders.

Several analysts have commented on VAC shares. Nomura upped their target price on shares of Marriot Vacations Worldwide from $151.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Instinet started coverage on shares of Marriot Vacations Worldwide in a research report on Wednesday, October 25th. They set a “buy” rating and a $151.00 target price for the company. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 target price (up previously from $120.00) on shares of Marriot Vacations Worldwide in a research report on Thursday, September 21st. ValuEngine upgraded shares of Marriot Vacations Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $140.00 target price on shares of Marriot Vacations Worldwide in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $133.22.

Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) traded up $0.08 during mid-day trading on Thursday, hitting $133.24. 93,300 shares of the stock traded hands, compared to its average volume of 240,499. Marriot Vacations Worldwide Corporation has a one year low of $79.79 and a one year high of $143.53. The firm has a market cap of $3,528.02, a price-to-earnings ratio of 21.97 and a beta of 1.19. The company has a quick ratio of 4.65, a current ratio of 6.64 and a debt-to-equity ratio of 1.21.

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

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About Marriot Vacations Worldwide

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.

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

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