Heavy Insider Buying Activity At These Companies After Disclosing Q3 Earnings

Let’s proceed to the next potential undervalued candidate, Marriott Vacations Worldwide Corp (NYSE:VAC). Stephen P. Weisz, who has served as President of Marriott Vacations Worldwide since 1996 and Chief Executive Officer since 2011, reported the acquisition of a 4,000-share block yesterday at a weighted average price of $62.43, which was actually purchased by his spouse. The Executive also holds a direct ownership stake of 108,607 shares, along with an additional 19,500 shares held indirectly. The shares of the pure-play timeshare company have plummeted by nearly 32% over the past three-month period, “thanks” to the company’s disappointing third quarter earnings report. Marriott Vacations Worldwide Corp (NYSE:VAC) reported diluted earnings per share (EPS) of $0.67 on revenue of $407.14 million, compared to EPS of $0.75 on revenue of $413.04 million reported a year ago. However, analysts surveyed by Thomson Reuters anticipated EPS of $0.87 on revenue of $431.8 million. At the same time, the company lowered its guidance on contract sales to 0%-to-2% from the previous guidance of 5%-to-8%, and raised its full-year EPS guidance to $3.33-to-$3.52 from $3.29-to-$3.48. Cliff Asness’ AQR Capital Management owns 70,309 shares of Marriott Vacations Worldwide Corp (NYSE:VAC) as of June 30.

Lastly, we will take a look at the insider buying activity at PacWest Bancorp (NASDAQ:PACW). Patrick J. Rusnak, Chief Financial Officer and Executive Vice President of Pacific Western Bank, bought 2,400 shares on Monday for $42.49 each, enlarging his stake to 46,850 shares. The holding company for Pacific Western Bank also revealed its financial results for the third quarter last week. PacWest Bancorp (NASDAQ:PACW) posted net earnings of $69.6 million or $0.68 per diluted share, compared with $85.1 million or $0.83 per share reported a year ago. The company’s bottom-line results and other key financial figures embedded in the third quarter earnings report were not well received by the market, and its shares are currently more than 5% in the red year-to-date. All-in-all, it appears that the executive is buying shares on weakness, so a more in-depth analysis of the company’s financial report might shed more light on its future course. Ken Fisher’s Fisher Asset Management is the largest stockholder of PacWest Bancorp (NASDAQ:PACW) within our database, holding 2.19 million shares as of June 30.

Disclosure: None