TimesSquare Capital Management LLC Takes $24.12 Million Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

TimesSquare Capital Management LLC bought a new stake in Marriott Vacations Worldwide Co. (NYSE:VAC) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 138,500 shares of the company’s stock, valued at approximately $24,124,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in Marriott Vacations Worldwide by 5.8% during the 1st quarter. BlackRock Inc. now owns 4,821,435 shares of the company’s stock worth $839,796,000 after buying an additional 266,450 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Marriott Vacations Worldwide by 6.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 680,572 shares of the company’s stock worth $93,388,000 after buying an additional 41,835 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Marriott Vacations Worldwide by 73.8% during the 4th quarter. JPMorgan Chase & Co. now owns 501,512 shares of the company’s stock worth $68,818,000 after buying an additional 212,906 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Marriott Vacations Worldwide by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 470,573 shares of the company’s stock worth $64,573,000 after buying an additional 1,474 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Marriott Vacations Worldwide by 94.9% during the 1st quarter. Victory Capital Management Inc. now owns 435,929 shares of the company’s stock worth $75,931,000 after buying an additional 212,246 shares in the last quarter. Institutional investors own 80.27% of the company’s stock.

In related news, COO R. Lee Cunningham sold 1,139 shares of the stock in a transaction that occurred on Wednesday, April 28th. The stock was sold at an average price of $183.00, for a total transaction of $208,437.00. Following the completion of the sale, the chief operating officer now directly owns 16,884 shares of the company’s stock, valued at approximately $3,089,772. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John E. Geller, Jr. sold 4,500 shares of the stock in a transaction that occurred on Monday, March 29th. The stock was sold at an average price of $169.94, for a total value of $764,730.00. Following the sale, the chief financial officer now directly owns 95,829 shares of the company’s stock, valued at $16,285,180.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,460 shares of company stock valued at $2,468,591. 2.70% of the stock is currently owned by company insiders.

Shares of VAC stock opened at $170.36 on Friday. The company has a current ratio of 3.31, a quick ratio of 2.65 and a debt-to-equity ratio of 1.63. The company has a market cap of $7.27 billion, a PE ratio of -35.87 and a beta of 2.59. The company has a 50-day moving average of $173.32. Marriott Vacations Worldwide Co. has a one year low of $75.97 and a one year high of $190.97.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Tuesday, May 4th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.20). The company had revenue of $759.00 million during the quarter, compared to the consensus estimate of $786.24 million. Marriott Vacations Worldwide had a negative net margin of 7.48% and a negative return on equity of 4.73%. Analysts anticipate that Marriott Vacations Worldwide Co. will post 4.2 EPS for the current year.

VAC has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and upped their price target for the stock from $168.00 to $209.00 in a research report on Monday. Truist Securities boosted their price objective on Marriott Vacations Worldwide from $151.00 to $184.00 and gave the stock a “buy” rating in a report on Tuesday, March 9th. Finally, Stifel Nicolaus boosted their price objective on Marriott Vacations Worldwide from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, March 2nd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Marriott Vacations Worldwide has a consensus rating of “Buy” and an average price target of $176.43.

Marriott Vacations Worldwide Profile

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.

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

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