Dark Forest Capital Management LP Invests $734,000 in Marriott Vacations Worldwide Co. (NYSE:VAC)

Dark Forest Capital Management LP purchased a new position in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,171 shares of the company's stock, valued at approximately $734,000.

Several other large investors have also made changes to their positions in the business. Blue Trust Inc. boosted its stake in Marriott Vacations Worldwide by 130.7% in the 4th quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after purchasing an additional 302 shares during the period. Brown Lisle Cummings Inc. bought a new position in shares of Marriott Vacations Worldwide during the fourth quarter worth $50,000. Atala Financial Inc purchased a new position in Marriott Vacations Worldwide during the fourth quarter valued at $112,000. Wilmington Savings Fund Society FSB bought a new stake in Marriott Vacations Worldwide in the 3rd quarter valued at $97,000. Finally, KBC Group NV boosted its holdings in shares of Marriott Vacations Worldwide by 51.5% during the 4th quarter. KBC Group NV now owns 1,460 shares of the company's stock valued at $131,000 after purchasing an additional 496 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Trading Up 0.4 %

VAC stock traded up $0.22 during trading on Monday, hitting $55.89. The company had a trading volume of 397,169 shares, compared to its average volume of 443,393. The firm has a market capitalization of $1.93 billion, a P/E ratio of 10.65, a PEG ratio of 0.67 and a beta of 1.66. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a 52-week low of $49.22 and a 52-week high of $103.46. The company has a 50 day simple moving average of $65.24 and a 200-day simple moving average of $79.79.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.35. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.24 billion. As a group, research analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide's payout ratio is currently 56.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VAC shares. Mizuho increased their price target on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Truist Financial reduced their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Barclays lowered their price objective on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and reduced their target price for the stock from $67.00 to $57.00 in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus dropped their price target on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $94.38.

Insiders Place Their Bets

In other news, insider Stephanie Sobeck Butera bought 650 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $71.66 per share, with a total value of $46,579.00. Following the acquisition, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. This trade represents a 8.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Company 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.