Scout Investments Inc. purchased a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 381,619 shares of the company’s stock, valued at approximately $13,761,000. Scout Investments Inc. owned approximately 0.39% of Hilton Grand Vacations as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in Hilton Grand Vacations during the second quarter valued at approximately $625,000. State of New Jersey Common Pension Fund D raised its position in Hilton Grand Vacations by 11.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 102,100 shares of the company’s stock valued at $3,681,000 after buying an additional 10,700 shares in the last quarter. First Quadrant L P CA purchased a new position in Hilton Grand Vacations during the second quarter valued at approximately $2,911,000. Gateway Investment Advisers LLC raised its position in Hilton Grand Vacations by 220.5% in the second quarter. Gateway Investment Advisers LLC now owns 89,482 shares of the company’s stock valued at $3,227,000 after buying an additional 61,562 shares in the last quarter. Finally, GAM Holding AG raised its position in Hilton Grand Vacations by 24.1% in the second quarter. GAM Holding AG now owns 71,383 shares of the company’s stock valued at $2,574,000 after buying an additional 13,881 shares in the last quarter. Institutional investors and hedge funds own 97.88% of the company’s stock.

Hilton Grand Vacations Inc. (HGV) opened at 36.25 on Friday. The stock has a market capitalization of $3.59 billion and a price-to-earnings ratio of 20.63. Hilton Grand Vacations Inc. has a 52-week low of $24.60 and a 52-week high of $37.94. The stock’s 50 day moving average price is $35.84 and its 200 day moving average price is $33.64.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $439 million for the quarter, compared to analyst estimates of $413.33 million. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts forecast that Hilton Grand Vacations Inc. will post $1.94 EPS for the current year.

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HGV has been the subject of several research analyst reports. Nomura restated a “buy” rating and set a $43.00 price target on shares of Hilton Grand Vacations in a research report on Friday, May 5th. Zacks Investment Research upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Wednesday, May 24th. Buckingham Research initiated coverage on Hilton Grand Vacations in a research report on Monday, June 19th. They set a “buy” rating and a $42.00 price target for the company. Finally, Instinet restated a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Hilton Grand Vacations in a research report on Thursday, August 3rd. Nine investment analysts have rated the stock with a buy rating, Hilton Grand Vacations has a consensus rating of “Buy” and a consensus price target of $38.56.

In other news, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $35.40, for a total transaction of $341,610,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David William Johnson acquired 28,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average price of $35.16 per share, with a total value of $984,480.00. Following the completion of the acquisition, the director now owns 33,000 shares in the company, valued at $1,160,280. The disclosure for this purchase can be found here. Corporate insiders own 0.46% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.

Institutional Ownership by Quarter for Hilton Grand Vacations (NYSE:HGV)

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