Marriott Vacations Worldwide Corp (VAC) Short Interest Up 115.4% in November

Marriott Vacations Worldwide Corp (NYSE:VAC) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,267,219 shares, an increase of 115.4% from the October 31st total of 588,200 shares. Based on an average daily trading volume, of 960,789 shares, the days-to-cover ratio is currently 1.3 days. Approximately 3.0% of the shares of the company are short sold.

In related news, Director Charles Elliott Andrews acquired 6,380 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was acquired at an average price of $79.17 per share, with a total value of $505,104.60. Following the acquisition, the director now directly owns 6,380 shares in the company, valued at approximately $505,104.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen P. Weisz acquired 2,355 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was bought at an average cost of $81.22 per share, with a total value of $191,273.10. Following the acquisition, the chief executive officer now owns 186,352 shares in the company, valued at $15,135,509.44. The disclosure for this purchase can be found here. In the last three months, insiders bought 14,735 shares of company stock valued at $1,156,758. Insiders own 3.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Marriott Vacations Worldwide by 63.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,428,227 shares of the company’s stock worth $383,104,000 after purchasing an additional 1,327,758 shares during the period. Morgan Stanley raised its holdings in Marriott Vacations Worldwide by 579.3% in the 3rd quarter. Morgan Stanley now owns 549,926 shares of the company’s stock worth $61,453,000 after purchasing an additional 468,969 shares during the period. New Mexico Educational Retirement Board acquired a new position in Marriott Vacations Worldwide in the 3rd quarter worth about $1,073,000. Nordea Investment Management AB raised its holdings in Marriott Vacations Worldwide by 47.9% in the 3rd quarter. Nordea Investment Management AB now owns 37,760 shares of the company’s stock worth $4,220,000 after purchasing an additional 12,227 shares during the period. Finally, TIAA CREF Investment Management LLC raised its holdings in Marriott Vacations Worldwide by 111.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 102,912 shares of the company’s stock worth $11,500,000 after purchasing an additional 54,344 shares during the period. 79.32% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Tuesday, October 23rd. ValuEngine cut Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Finally, Macquarie cut Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $137.20.

NYSE VAC opened at $77.84 on Wednesday. The stock has a market capitalization of $3.82 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 1.39 and a beta of 1.52. Marriott Vacations Worldwide has a twelve month low of $72.10 and a twelve month high of $154.14. The company has a quick ratio of 3.00, a current ratio of 3.83 and a debt-to-equity ratio of 1.11.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, November 7th. The company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.34). The business had revenue of $750.00 million during the quarter, compared to analyst estimates of $717.48 million. Marriott Vacations Worldwide had a return on equity of 10.28% and a net margin of 4.04%. The business’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS. As a group, equities research analysts expect that Marriott Vacations Worldwide will post 5.83 EPS for the current 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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