MQS Management LLC Boosts Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

MQS Management LLC lifted its holdings in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 180.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,260 shares of the company's stock after acquiring an additional 5,957 shares during the period. MQS Management LLC's holdings in Marriott Vacations Worldwide were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management acquired a new position in shares of Marriott Vacations Worldwide during the first quarter valued at about $4,676,000. Harbor Capital Advisors Inc. raised its stake in Marriott Vacations Worldwide by 335.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company's stock worth $2,223,000 after buying an additional 19,613 shares during the period. Vanguard Group Inc. boosted its holdings in Marriott Vacations Worldwide by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company's stock worth $351,872,000 after acquiring an additional 143,074 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Marriott Vacations Worldwide by 178.2% in the second quarter. AQR Capital Management LLC now owns 355,089 shares of the company's stock worth $29,771,000 after acquiring an additional 227,465 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Marriott Vacations Worldwide by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company's stock valued at $139,687,000 after acquiring an additional 207,938 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marriott Vacations Worldwide

In other news, insider Jason P. Marino purchased 700 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $69.00 per share, with a total value of $48,300.00. Following the transaction, the insider now directly owns 15,851 shares of the company's stock, valued at approximately $1,093,719. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by company insiders.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE:VAC traded down $1.16 during midday trading on Wednesday, reaching $92.70. The company had a trading volume of 268,683 shares, compared to its average volume of 464,549. The stock has a market cap of $3.24 billion, a P/E ratio of 17.98, a P/E/G ratio of 0.85 and a beta of 1.79. The company's 50 day moving average price is $76.89 and its 200 day moving average price is $82.36. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a 52-week low of $67.28 and a 52-week high of $108.57.

Marriott Vacations Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Thursday, September 19th. Marriott Vacations Worldwide's dividend payout ratio is currently 57.90%.

Analyst Ratings Changes

A number of research firms have weighed in on VAC. Truist Financial dropped their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a "buy" rating on the stock in a research note on Friday, July 19th. Stifel Nicolaus cut their price target on Marriott Vacations Worldwide from $108.00 to $96.50 and set a "buy" rating for the company in a research note on Friday, September 13th. Barclays increased their price objective on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. JMP Securities cut their target price on Marriott Vacations Worldwide from $115.00 to $90.00 and set a "market outperform" rating on the stock in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of "Hold" and a consensus price target of $98.05.

About Marriott Vacations Worldwide

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.