Matarin Capital Management Lowers stake in Marriott Vacations Worldwide Corp (VAC)

Marriott Vacations Worldwide Corp (VAC) : Matarin Capital Management reduced its stake in Marriott Vacations Worldwide Corp by 1.02% during the most recent quarter end. The investment management company now holds a total of 119,136 shares of Marriott Vacations Worldwide Corp which is valued at $8,773,175 after selling 1,230 shares in Marriott Vacations Worldwide Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Marriott Vacations Worldwide Corp makes up approximately 1.12% of Matarin Capital Management’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. reduced its stake in VAC by selling 49,783 shares or 7.73% in the most recent quarter. The Hedge Fund company now holds 594,115 shares of VAC which is valued at $43,750,629. Marriott Vacations Worldwide Corp makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Lsv Asset Management boosted its stake in VAC in the latest quarter, The investment management firm added 12,700 additional shares and now holds a total of 95,100 shares of Marriott Vacations Worldwide Corp which is valued at $7,038,351. Marriott Vacations Worldwide Corp makes up approx 0.01% of Lsv Asset Management’s portfolio. Parametrica Management Ltd added VAC to its portfolio by purchasing 6,707 company shares during the most recent quarter which is valued at $512,549. Marriott Vacations Worldwide Corp makes up approx 0.73% of Parametrica Management Ltd’s portfolio.Creative Planning reduced its stake in VAC by selling 4 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 712 shares of VAC which is valued at $49,982.

Marriott Vacations Worldwide Corp opened for trading at $76.39 and hit $77.79 on the upside on Friday, eventually ending the session at $77.39, with a gain of 0.83% or 0.64 points. The heightened volatility saw the trading volume jump to 2,18,428 shares. Company has a market cap of $2,088 M.

On the company’s financial health, Marriott Vacations Worldwide Corp reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.02. The company had revenue of $429.95 million for the quarter, compared to analysts expectations of $438.30 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.

Many Wall Street Analysts have commented on Marriott Vacations Worldwide Corp. Company shares were Reiterated by Stifel on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 88 from a previous price target of $84 .Company shares were Reiterated by Telsey Advisory Group on Jul 22, 2016 to “Market Perform”, Firm has raised the Price Target to $ 83 from a previous price target of $69 .

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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