Marriott Vacations Worldwide Corp (NYSE:VAC) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 588,200 shares, a drop of 49.2% from the October 15th total of 1,159,012 shares. Based on an average daily volume of 627,121 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.4% of the company’s shares are short sold.

In related news, VP John E. Geller, Jr. purchased 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were purchased at an average price of $76.73 per share, with a total value of $460,380.00. Following the purchase, the vice president now owns 79,165 shares of the company’s stock, valued at approximately $6,074,330.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen P. Weisz purchased 2,355 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was bought at an average cost of $81.22 per share, for a total transaction of $191,273.10. Following the purchase, the chief executive officer now directly owns 186,352 shares in the company, valued at approximately $15,135,509.44. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Piedmont Investment Advisors LLC lifted its holdings in shares of Marriott Vacations Worldwide by 8.4% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 5,472 shares of the company’s stock valued at $618,000 after buying an additional 425 shares during the last quarter. Smith Asset Management Group LP lifted its holdings in shares of Marriott Vacations Worldwide by 10.9% during the 2nd quarter. Smith Asset Management Group LP now owns 4,365 shares of the company’s stock valued at $493,000 after buying an additional 430 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 7.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,025 shares of the company’s stock valued at $681,000 after buying an additional 440 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Marriott Vacations Worldwide by 1.1% during the 2nd quarter. Sei Investments Co. now owns 50,804 shares of the company’s stock valued at $5,739,000 after buying an additional 550 shares during the last quarter. Finally, Palisade Asset Management LLC lifted its holdings in shares of Marriott Vacations Worldwide by 10.1% during the 2nd quarter. Palisade Asset Management LLC now owns 6,217 shares of the company’s stock valued at $702,000 after buying an additional 568 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Shares of Marriott Vacations Worldwide stock opened at $75.51 on Wednesday. The stock has a market cap of $2.14 billion, a PE ratio of 13.06, a PEG ratio of 1.43 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.83 and a quick ratio of 3.00. Marriott Vacations Worldwide has a 52-week low of $75.39 and a 52-week high of $154.14.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.34). The firm had revenue of $750.00 million for the quarter, compared to analyst estimates of $717.48 million. Marriott Vacations Worldwide had a net margin of 4.04% and a return on equity of 10.28%. The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Equities analysts expect that Marriott Vacations Worldwide will post 5.64 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the company. Nomura set a $158.00 price target on Marriott Vacations Worldwide and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research raised Marriott Vacations Worldwide from a “hold” rating to a “strong-buy” rating and set a $134.00 price target on the stock in a research note on Friday, July 27th. Finally, ValuEngine raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $137.20.

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Marriott Vacations Worldwide Company 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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