TCW Group Inc. acquired a new stake in shares of Hilton Grand Vacations Inc (NYSE:HGV) in the first quarter, HoldingsChannel.com reports. The firm acquired 10,490 shares of the company’s stock, valued at approximately $324,000.
A number of other large investors have also recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System increased its position in shares of Hilton Grand Vacations by 1.7% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 92,234 shares of the company’s stock valued at $2,434,000 after buying an additional 1,506 shares in the last quarter. BB&T Securities LLC increased its holdings in Hilton Grand Vacations by 4.2% during the 4th quarter. BB&T Securities LLC now owns 13,142 shares of the company’s stock worth $346,000 after purchasing an additional 534 shares in the last quarter. Stanley Laman Group Ltd. bought a new position in Hilton Grand Vacations during the 4th quarter worth about $728,000. Virginia Retirement Systems ET AL bought a new position in Hilton Grand Vacations during the 4th quarter worth about $377,000. Finally, First Trust Advisors LP bought a new position in Hilton Grand Vacations during the 4th quarter worth about $2,550,000.
In other news, insider Barbara L. Hollkamp sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $27.76, for a total value of $55,520.00. Following the completion of the transaction, the insider now owns 53,547 shares in the company, valued at approximately $1,486,464.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leonard Potter bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $27.50 per share, with a total value of $275,000.00. Following the completion of the purchase, the director now directly owns 72,348 shares in the company, valued at approximately $1,989,570. The disclosure for this purchase can be found here. 1.05% of the stock is owned by company insiders.
HGV has been the subject of a number of research reports. Zacks Investment Research upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. TheStreet upgraded Hilton Grand Vacations from a “c” rating to a “b-” rating in a report on Tuesday, February 19th. SunTrust Banks increased their target price on Hilton Grand Vacations to $51.00 and gave the stock a “buy” rating in a report on Friday, March 1st. They noted that the move was a valuation call. Credit Suisse Group restated an “outperform” rating and issued a $37.00 price objective on shares of Hilton Grand Vacations in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Hilton Grand Vacations has a consensus rating of “Hold” and an average target price of $37.33.
Shares of NYSE HGV opened at $28.94 on Friday. The stock has a market capitalization of $2.61 billion, a PE ratio of 9.49, a P/E/G ratio of 1.18 and a beta of 1.83. The company has a debt-to-equity ratio of 2.78, a current ratio of 5.12 and a quick ratio of 3.77. Hilton Grand Vacations Inc has a fifty-two week low of $24.17 and a fifty-two week high of $39.20.
Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.05). The company had revenue of $450.00 million during the quarter, compared to the consensus estimate of $455.20 million. Hilton Grand Vacations had a net margin of 15.51% and a return on equity of 56.92%. Hilton Grand Vacations’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. As a group, sell-side analysts forecast that Hilton Grand Vacations Inc will post 2.7 EPS for the current fiscal year.
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Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.
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