Verition Fund Management LLC Has $2.05 Million Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Verition Fund Management LLC increased its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 483.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,908 shares of the company's stock after purchasing an additional 23,128 shares during the quarter. Verition Fund Management LLC owned approximately 0.08% of Marriott Vacations Worldwide worth $2,051,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Blueshift Asset Management LLC bought a new position in shares of Marriott Vacations Worldwide in the 3rd quarter valued at about $278,000. Bridgewater Associates LP boosted its position in Marriott Vacations Worldwide by 11.2% during the third quarter. Bridgewater Associates LP now owns 25,752 shares of the company's stock valued at $1,892,000 after purchasing an additional 2,603 shares during the last quarter. Quantbot Technologies LP bought a new position in Marriott Vacations Worldwide in the third quarter valued at approximately $954,000. Cerity Partners LLC grew its stake in Marriott Vacations Worldwide by 167.5% in the third quarter. Cerity Partners LLC now owns 7,739 shares of the company's stock valued at $569,000 after purchasing an additional 4,846 shares in the last quarter. Finally, Investors Research Corp acquired a new position in shares of Marriott Vacations Worldwide during the 3rd quarter worth approximately $1,260,000. Institutional investors own 89.52% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VAC. The Goldman Sachs Group started coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a "sell" rating and a $62.00 target price for the company. Stifel Nicolaus lifted their price objective on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Truist Financial upped their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Barclays lifted their price target on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Finally, Mizuho upped their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of "Hold" and an average price target of $101.56.

Insider Transactions at Marriott Vacations Worldwide

In related news, insider Jason P. Marino acquired 700 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the purchase, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. The trade was a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company's stock.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC traded down $0.61 during mid-day trading on Friday, hitting $96.72. 220,172 shares of the stock were exchanged, compared to its average volume of 452,765. The firm's 50-day simple moving average is $84.31 and its 200 day simple moving average is $82.14. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 0.88 and a beta of 1.84. Marriott Vacations Worldwide Co. has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. 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 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.