Should Marriott Vacations Worldwide Corp (NYSE:VAC) investors track the following data?
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Just as crucial, optimistic insider trading activity is another way to look at the investments you're interested in. There are lots of incentives for an upper level exec to get rid of shares of his or her company, but just one, very simple reason why they would initiate a purchase. Several academic studies have demonstrated the useful potential of this tactic if you understand what to do (learn more here).
Furthermore, it's important to study the recent info about Marriott Vacations Worldwide Corp (NYSE:VAC).
At Q2's end, a total of 15 of the hedge funds we track were bullish in this stock, a change of 0% from the previous quarter. With the smart money's capital changing hands, there exists an "upper tier" of key hedge fund managers who were upping their stakes significantly.
When using filings from the hedgies we track, Jeffrey Tannenbaum's Fir Tree had the biggest position in Marriott Vacations Worldwide Corp (NYSE:VAC), worth close to $71.2 million, comprising 1% of its total 13F portfolio. On Fir Tree's heels is Steven Cohen of SAC Capital Advisors, with a $29.1 million position; 0.2% of its 13F portfolio is allocated to the company. Remaining hedgies that are bullish include SAC Subsidiary's Sigma Capital Management, Peter Rathjens, Bruce Clarke and John Campbell's Arrowstreet Capital and Israel Englander's Millennium Management.
Due to the fact Marriott Vacations Worldwide Corp (NYSE:VAC) has witnessed a fall in interest from the smart money's best and brightest, it's easy to see that there exists a select few fund managers who were dropping their entire stakes in Q1. At the top of the heap, Donald Chiboucis's Columbus Circle Investors cut the biggest investment of the 450+ funds we watch, worth close to $14.8 million in stock, and Dmitry Balyasny of Balyasny Asset Management was right behind this move, as the fund dumped about $4.4 million worth. These transactions are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).
Insider buying is at its handiest when the company we're looking at has experienced transactions within the past 180 days. Over the last six-month time frame, Marriott Vacations Worldwide Corp (NYSE:VAC) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We'll also review the relationship between both of these indicators in other stocks similar to Marriott Vacations Worldwide Corp (NYSE:VAC). These stocks are Boyd Gaming Corporation (NYSE:BYD), Pinnacle Entertainment, Inc (NYSE:PNK), Ameristar Casinos, Inc. (NASDAQ:ASCA), Vail Resorts, Inc. (NYSE:MTN), and Caesars Entertainment Corp (NASDAQ:CZR). This group of stocks are in the resorts & casinos industry and their market caps match VAC's market cap.