Is Marriott Vacations Worldwide Corporation (VAC) A Good Investment Choice?
Baron Funds, an asset management firm, published its “Baron Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 0.94% was delivered by the fund’s institutional shares for the Q1 of 2021, trailing its primary benchmark, the Russell 2000 Growth Index, that rose to 4.88% and the S&P 500 Index that delivered a 6.17% return for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Baron Growth Fund, in its Q1 2021 investor letter, mentioned Marriott Vacations Worldwide Corporation (NYSE: VAC), and shared their insights on the company. Marriott Vacations Worldwide Corporation is a Orlando, Florida-based vacation company that currently has a $7.2 billion market capitalization. Since the beginning of the year, VAC delivered an 18.56% return, extending its 12-month gains to 137.12%. As of May 12, 2021, the stock
Marriott Vacations Worldwide ( MVW ) Reports First Quarter 2021 Financial Results
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ORLANDO, Fla., May 5, 2021 /PRNewswire/ Marriott Vacations Worldwide Corporation (NYSE: VAC) today reported first quarter 2021 financial results. The past year has reminded us what is really important in life
– family, experiences, and togetherness, all the things that travel offers. As a company whose products enable these unique and memorable occasions, it s been gratifying to see more and more people at our resorts this year, illustrating the desire of our customers to get back on vacation, said Stephen P. Weisz, chief executive officer. Our results this quarter are evidence of the continued recovery in our business and the resiliency of our business model. We generated $226 million in contract sales in the first quarter, a 27% sequential increase, and currently expect contract sales to increase to $320 million to $340 million i
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Marriott Vacations Worldwide Completes Acquisition of Welk Resorts
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ORLANDO, Fla., April 1, 2021 /PRNewswire/ Marriott Vacations Worldwide (NYSE: VAC) ( MVW or the Company ) announced today that it has completed the previously announced acquisition of Welk Resorts, one of the largest independent timeshare companies in North America, for $485 million, including approximately 1.4 million MVW common shares of stock. With its eight upper upscale ownership resorts located primarily on the West Coast, 55,000 Owners and three years of built inventory, Welk Resorts is a great addition to MVW, said Stephen P. Weisz, chief executive officer. This acquisition provides us with substantial future growth opportunities and, once all final approvals are obtained and the resorts are rebranded, will increase our Hyatt Residence Club footprint by 50%. Additionally, I would like to extend a very warm welcome to our new associates as the