Danske Bank A S bought a new position in Hilton Grand Vacations Inc. (NYSE:HGV – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 129,769 shares of the company’s stock, valued at approximately $6,796,000.
Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in shares of Hilton Grand Vacations in the first quarter worth approximately $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Hilton Grand Vacations by 1.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock worth $1,545,000 after buying an additional 615 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Hilton Grand Vacations by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock valued at $6,748,000 after buying an additional 3,705 shares during the last quarter. Intech Investment Management LLC raised its position in Hilton Grand Vacations by 24.5% in the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock valued at $1,629,000 after buying an additional 8,567 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after acquiring an additional 565 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Barclays dropped their price target on shares of Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Mizuho cut their price target on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Truist Financial upped their price objective on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, Susquehanna initiated coverage on shares of Hilton Grand Vacations in a research note on Tuesday. They issued a “neutral” rating and a $50.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $54.89.
Hilton Grand Vacations Trading Up 0.5%
Shares of Hilton Grand Vacations stock opened at $45.05 on Friday. Hilton Grand Vacations Inc. has a 1 year low of $36.79 and a 1 year high of $55.40. The firm has a market cap of $3.50 billion, a PE ratio of 25.45, a P/E/G ratio of 0.44 and a beta of 1.53. The stock has a fifty day moving average price of $49.22 and a 200-day moving average price of $47.01. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20.
Hilton Grand Vacations (NYSE:HGV – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.Hilton Grand Vacations’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Equities research analysts anticipate that Hilton Grand Vacations Inc. will post 4.61 EPS for the current year.
Hilton Grand Vacations announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 20th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 17% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
Insider Activity
In other news, insider Charles R. Jr. Corbin sold 20,691 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total transaction of $970,407.90. Following the completion of the sale, the insider owned 47,924 shares in the company, valued at $2,247,635.60. This trade represents a 30.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark D. Wang sold 190,813 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the completion of the sale, the insider directly owned 904,241 shares in the company, valued at $46,957,235.13. This trade represents a 17.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.10% of the company’s stock.
Hilton Grand Vacations Profile
Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.
In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.
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