Quinn Opportunity Partners LLC Makes New $3.50 Million Investment in Marriott Vacations Worldwide Co. (NYSE:VAC)

Quinn Opportunity Partners LLC purchased a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 39,000 shares of the company's stock, valued at approximately $3,502,000. Quinn Opportunity Partners LLC owned approximately 0.11% of Marriott Vacations Worldwide as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Family Office Research LLC acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth approximately $1,702,000. Covestor Ltd grew its position in shares of Marriott Vacations Worldwide by 86.9% in the fourth quarter. Covestor Ltd now owns 2,564 shares of the company's stock valued at $230,000 after purchasing an additional 1,192 shares during the period. Polymer Capital Management US LLC purchased a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth about $206,000. Cerity Partners LLC raised its position in shares of Marriott Vacations Worldwide by 105.8% during the 4th quarter. Cerity Partners LLC now owns 15,929 shares of the company's stock worth $1,384,000 after purchasing an additional 8,190 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Marriott Vacations Worldwide in the 4th quarter worth about $2,170,000. 89.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Stephanie Sobeck Butera purchased 650 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, with a total value of $46,579.00. Following the completion of the acquisition, the insider now directly owns 8,770 shares of the company's stock, valued at approximately $628,458.20. The trade was a 8.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Truist Financial dropped their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an "underweight" rating and a $87.00 target price for the company. Mizuho lifted their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Stifel Nicolaus dropped their target price 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. Finally, Barclays reduced their price objective on Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Marriott Vacations Worldwide has an average rating of "Hold" and an average price target of $98.13.

Marriott Vacations Worldwide Trading Down 1.2 %

NYSE VAC traded down $0.63 during trading hours on Wednesday, hitting $52.39. 204,446 shares of the company's stock were exchanged, compared to its average volume of 432,999. The business's 50 day moving average is $70.33 and its 200-day moving average is $80.87. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. Marriott Vacations Worldwide Co. has a 12-month low of $49.22 and a 12-month high of $103.51. The firm has a market capitalization of $1.81 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66.

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, beating the consensus estimate of $1.51 by $0.35. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.24 billion. As a group, analysts anticipate that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.79 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 6.03%. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 56.23%.

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.