Dark Forest Capital Management LP Buys New Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Dark Forest Capital Management LP bought a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,918 shares of the company’s stock, valued at approximately $604,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Impactive Capital LP bought a new stake in Marriott Vacations Worldwide during the first quarter worth approximately $123,613,000. Burgundy Asset Management Ltd. raised its stake in shares of Marriott Vacations Worldwide by 55.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company’s stock worth $90,329,000 after buying an additional 377,766 shares in the last quarter. Norges Bank acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at $31,220,000. Capital World Investors bought a new position in Marriott Vacations Worldwide during the fourth quarter valued at about $210,000. Finally, GRS Advisors LLC boosted its stake in Marriott Vacations Worldwide by 2,050.8% during the fourth quarter. GRS Advisors LLC now owns 242,288 shares of the company’s stock valued at $20,568,000 after buying an additional 231,023 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VAC shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Barclays cut their target price on shares of Marriott Vacations Worldwide from $82.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday. The Goldman Sachs Group assumed coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target on the stock. Stifel Nicolaus reduced their target price on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a report on Friday, September 13th. Finally, JMP Securities lowered their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Marriott Vacations Worldwide has a consensus rating of “Hold” and an average price target of $96.65.

Marriott Vacations Worldwide Price Performance

Shares of NYSE:VAC opened at $75.76 on Friday. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 0.70 and a beta of 1.81. Marriott Vacations Worldwide Co. has a 1 year low of $67.28 and a 1 year high of $108.57. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21. The business has a fifty day simple moving average of $75.10 and a 200 day simple moving average of $87.56.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.89). The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. Marriott Vacations Worldwide’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.19 EPS. As a group, sell-side analysts predict that Marriott Vacations Worldwide Co. will post 6.11 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.76 per share. The ex-dividend date is Thursday, September 19th. This represents a $3.04 annualized dividend and a dividend yield of 4.01%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

Insider Activity

In other news, insider Jason P. Marino acquired 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now owns 15,851 shares in the company, valued at $1,093,719. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by insiders.

Marriott Vacations Worldwide 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.