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

Verition Fund Management LLC increased its stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) by 483.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Marriott Vacations Worldwide by 368.4% during the second quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after acquiring an additional 350 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter valued at $39,000. Allspring Global Investments Holdings LLC increased its position in Marriott Vacations Worldwide by 128.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock worth $57,000 after buying an additional 366 shares during the last quarter. Innealta Capital LLC acquired a new position in Marriott Vacations Worldwide during the second quarter worth $90,000. Finally, Venturi Wealth Management LLC raised its holdings in Marriott Vacations Worldwide by 6,881.3% during the third quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock valued at $82,000 after buying an additional 1,101 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino acquired 700 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the transaction, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. This represents a 4.62 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VAC shares. Stifel Nicolaus upped their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Mizuho lifted their target price on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Barclays upped their price target on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Truist Financial lifted their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $101.56.

Marriott Vacations Worldwide Stock Up 0.1 %

Shares of Marriott Vacations Worldwide stock opened at $97.33 on Friday. Marriott Vacations Worldwide Co. has a 1 year low of $67.28 and a 1 year high of $108.57. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The business has a 50-day moving average of $83.88 and a two-hundred day moving average of $82.04. The company has a market capitalization of $3.40 billion, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 0.88 and a beta of 1.84.

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.