MYDA Advisors LLC Lowers Holdings in Marriott Vacations Worldwide Co. (NYSE:VAC)

MYDA Advisors LLC trimmed its holdings in Marriott Vacations Worldwide Co. (NYSE:VACGet Rating) by 12.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 14,000 shares of the company’s stock after selling 2,000 shares during the period. MYDA Advisors LLC’s holdings in Marriott Vacations Worldwide were worth $2,366,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Spire Wealth Management increased its holdings in shares of Marriott Vacations Worldwide by 5.4% in the fourth quarter. Spire Wealth Management now owns 1,274 shares of the company’s stock worth $215,000 after purchasing an additional 65 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Marriott Vacations Worldwide by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 1,759 shares of the company’s stock worth $297,000 after purchasing an additional 76 shares during the last quarter. Utah Retirement Systems increased its holdings in shares of Marriott Vacations Worldwide by 4.8% in the third quarter. Utah Retirement Systems now owns 2,200 shares of the company’s stock worth $346,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Marriott Vacations Worldwide by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the company’s stock worth $1,859,000 after purchasing an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of Marriott Vacations Worldwide by 0.9% in the fourth quarter. State of Michigan Retirement System now owns 10,825 shares of the company’s stock worth $1,829,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

NYSE VAC traded up $4.03 during trading hours on Tuesday, hitting $144.45. 3,313 shares of the company were exchanged, compared to its average volume of 374,368. The stock has a 50-day moving average price of $150.00 and a 200 day moving average price of $158.33. The company has a quick ratio of 2.31, a current ratio of 2.86 and a debt-to-equity ratio of 1.60. Marriott Vacations Worldwide Co. has a 52 week low of $132.79 and a 52 week high of $176.85. The stock has a market cap of $5.98 billion, a PE ratio of 46.81 and a beta of 2.14.

Marriott Vacations Worldwide (NYSE:VACGet Rating) last released its earnings results on Thursday, May 5th. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.17. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Marriott Vacations Worldwide had a return on equity of 9.84% and a net margin of 3.23%. The company’s quarterly revenue was up 38.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.49) earnings per share. As a group, sell-side analysts anticipate that Marriott Vacations Worldwide Co. will post 9.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 9th. Stockholders of record on Thursday, May 26th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, May 25th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.72%. Marriott Vacations Worldwide’s dividend payout ratio is 82.67%.

VAC has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reduced their target price on Marriott Vacations Worldwide from $205.00 to $202.00 in a report on Tuesday. StockNews.com assumed coverage on Marriott Vacations Worldwide in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of “Buy” and an average target price of $201.40.

In related news, VP Michael E. Yonker sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $155.35, for a total value of $155,350.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lizabeth Kane-Hanan sold 6,308 shares of the business’s stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $157.44, for a total value of $993,131.52. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

About Marriott Vacations Worldwide (Get Rating)

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.

See Also

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

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