Alps Advisors Inc. Invests $712,000 in Marriott Vacations Worldwide Corp (VAC)

Alps Advisors Inc. purchased a new position in Marriott Vacations Worldwide Corp (NYSE:VAC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,103 shares of the company’s stock, valued at approximately $712,000.

Several other hedge funds also recently made changes to their positions in the company. Wetherby Asset Management Inc. grew its position in Marriott Vacations Worldwide by 1.5% during the fourth quarter. Wetherby Asset Management Inc. now owns 12,823 shares of the company’s stock valued at $904,000 after buying an additional 189 shares during the period. Huntington National Bank grew its position in Marriott Vacations Worldwide by 65.4% during the fourth quarter. Huntington National Bank now owns 579 shares of the company’s stock valued at $41,000 after buying an additional 229 shares during the period. Palisade Asset Management LLC grew its position in Marriott Vacations Worldwide by 4.8% during the fourth quarter. Palisade Asset Management LLC now owns 5,922 shares of the company’s stock valued at $418,000 after buying an additional 273 shares during the period. Arizona State Retirement System grew its position in Marriott Vacations Worldwide by 1.0% during the fourth quarter. Arizona State Retirement System now owns 29,371 shares of the company’s stock valued at $2,071,000 after buying an additional 289 shares during the period. Finally, We Are One Seven LLC bought a new stake in Marriott Vacations Worldwide during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

Shares of NYSE:VAC opened at $93.66 on Thursday. The company has a current ratio of 3.83, a quick ratio of 3.00 and a debt-to-equity ratio of 1.11. Marriott Vacations Worldwide Corp has a 1-year low of $60.67 and a 1-year high of $150.00. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.15 and a beta of 1.63.

In other news, Director Charles Elliott Andrews purchased 6,380 shares of the stock in a transaction on Wednesday, November 28th. The shares were acquired at an average price of $79.17 per share, with a total value of $505,104.60. Following the completion of the acquisition, the director now directly owns 6,380 shares of the company’s stock, valued at $505,104.60. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.50% of the stock is owned by insiders.

VAC has been the subject of several recent research reports. ValuEngine upgraded shares of Marriott Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 24th. Zacks Investment Research upgraded shares of Marriott Vacations Worldwide from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 29th. Macquarie lowered shares of Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research report on Thursday, November 15th. Finally, Deutsche Bank lowered their price target on shares of Marriott Vacations Worldwide from $134.00 to $93.00 and set a “hold” rating on the stock in a report on Monday, January 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $132.58.

COPYRIGHT VIOLATION NOTICE: “Alps Advisors Inc. Invests $712,000 in Marriott Vacations Worldwide Corp (VAC)” was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.com-unik.info/2019/02/14/alps-advisors-inc-invests-712000-in-marriott-vacations-worldwide-corp-vac.html.

Marriott Vacations Worldwide Company Profile

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.

Featured Article: How to calculate compound interest

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

Receive News & Ratings for Marriott Vacations Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott Vacations Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


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