Etrade Capital Management adds Marriott Vacations Worldwide Corp (VAC) to its portfolio

Marriott Vacations Worldwide Corp (VAC) : Etrade Capital Management added new position in Marriott Vacations Worldwide Corp during the most recent quarter end. The investment management firm now holds 148,808 shares of Marriott Vacations Worldwide Corp which is valued at $11,348,098 , the company said in a statement filed on Nov 14, 2016 with the SEC.Marriott Vacations Worldwide Corp makes up approximately 0.53% of Etrade Capital Management’s portfolio.

Other Hedge Funds, Including , Brown Brothers Harriman Co reduced its stake in VAC by selling 15 shares or 37.5% in the most recent quarter. The Hedge Fund company now holds 25 shares of VAC which is valued at $1,907.Municipal Employees’ Retirement System Of Michigan boosted its stake in VAC in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 7,880 shares of Marriott Vacations Worldwide Corp which is valued at $515,982. Marriott Vacations Worldwide Corp makes up approx 0.03% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Victory Capital Management Inc reduced its stake in VAC by selling 206,728 shares or 83.05% in the most recent quarter. The Hedge Fund company now holds 42,182 shares of VAC which is valued at $2,638,484. Marriott Vacations Worldwide Corp makes up approx 0.01% of Victory Capital Management Inc’s portfolio.

Marriott Vacations Worldwide Corp opened for trading at $76.07 and hit $76.53 on the upside on Monday, eventually ending the session at $76.25, with a gain of 0.21% or 0.16 points. The heightened volatility saw the trading volume jump to 1,81,069 shares. Company has a market cap of $2,059 M.

On the company’s financial health, Marriott Vacations Worldwide Corp reported $0.96 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Oct 13, 2016. Analyst had a consensus of $1.14. The company had revenue of $407.00 million for the quarter, compared to analysts expectations of $446.82 million. During the same quarter in the previous year, the company posted $0.82 EPS.

Many Wall Street Analysts have commented on Marriott Vacations Worldwide Corp. Shares were Reiterated by Telsey Advisory Group on Oct 14, 2016 to “Market Perform” and Lowered the Price Target to $ 72 from a previous price target of $81 .

Marriott Vacations Worldwide Corporation is a developer marketer seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Company is a developer marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand and develops markets and sells residential products under The Ritz-Carlton Residences brand. It has three segments: North America Europe and Asia Pacific. The Company’s brands include The Marriott Vacation Club Grand Residences by Marriott The Ritz-Carlton Destination Club and The Ritz-Carlton Residences. Its products include Points-Based Vacation Ownership Products and Weeks-Based Vacation Ownership Products.

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