Alps Advisors Inc. Takes Position in Marriott Vacations Worldwide Corp (VAC)

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Alps Advisors Inc. purchased a new stake in shares of Marriott Vacations Worldwide Corp (NYSE:VAC) during the fourth quarter, HoldingsChannel reports. The fund purchased 10,103 shares of the company’s stock, valued at approximately $712,000.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Marriott Vacations Worldwide by 1.7% in the 2nd quarter. FMR LLC now owns 1,319,230 shares of the company’s stock valued at $149,020,000 after purchasing an additional 21,916 shares during the period. Bank of Montreal Can grew its stake in shares of Marriott Vacations Worldwide by 21.8% in the 3rd quarter. Bank of Montreal Can now owns 5,580 shares of the company’s stock valued at $624,000 after purchasing an additional 997 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Marriott Vacations Worldwide by 577.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,937 shares of the company’s stock valued at $1,893,000 after purchasing an additional 14,437 shares during the period. First Hawaiian Bank bought a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter valued at approximately $925,000. Finally, Gateway Investment Advisers LLC bought a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter valued at approximately $756,000. 81.48% of the stock is currently owned by institutional investors.

VAC has been the topic of several analyst reports. Zacks Investment Research upgraded Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Wednesday, October 17th. Macquarie lowered Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research note on Thursday, November 15th. ValuEngine lowered Marriott Vacations Worldwide from a “sell” rating to a “strong sell” rating in a research note on Friday, December 21st. Finally, Deutsche Bank decreased their price target on Marriott Vacations Worldwide from $134.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $132.58.

In other Marriott Vacations Worldwide news, Director Charles Elliott Andrews purchased 6,380 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were acquired at an average cost of $79.17 per share, for a total transaction of $505,104.60. Following the transaction, the director now directly owns 6,380 shares in the company, valued at $505,104.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is owned by corporate insiders.

NYSE VAC opened at $93.66 on Thursday. The company has a market cap of $4.23 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.15 and a beta of 1.63. Marriott Vacations Worldwide Corp has a one year low of $60.67 and a one year high of $150.00. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.00 and a current ratio of 3.83.

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Marriott Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.

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Want to see what other hedge funds are holding VAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott Vacations Worldwide Corp (NYSE:VAC).

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

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