Hilton Grand Vacations Inc. (HGV) Shares Sold by Adelante Capital Management LLC
Adelante Capital Management LLC lessened its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 15.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 585,826 shares of the company’s stock after selling 103,157 shares during the quarter. Hilton Grand Vacations accounts for approximately 1.2% of Adelante Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Adelante Capital Management LLC owned about 0.59% of Hilton Grand Vacations worth $21,125,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the business. Janus Henderson Group PLC acquired a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at $1,209,000. Capital Research Global Investors boosted its holdings in shares of Hilton Grand Vacations by 7.3% in the 2nd quarter. Capital Research Global Investors now owns 4,678,200 shares of the company’s stock valued at $168,696,000 after purchasing an additional 319,000 shares in the last quarter. AHL Partners LLP acquired a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at $1,817,000. Tudor Investment Corp ET AL boosted its holdings in shares of Hilton Grand Vacations by 40.7% in the 2nd quarter. Tudor Investment Corp ET AL now owns 145,294 shares of the company’s stock valued at $5,239,000 after purchasing an additional 41,996 shares in the last quarter. Finally, Balyasny Asset Management LLC boosted its holdings in shares of Hilton Grand Vacations by 184.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,248,638 shares of the company’s stock valued at $45,026,000 after purchasing an additional 810,222 shares in the last quarter. 97.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hilton Grand Vacations Inc. (NYSE:HGV) traded down 0.23% on Thursday, hitting $39.71. The stock had a trading volume of 218,285 shares. The firm has a 50-day moving average of $37.77 and a 200 day moving average of $37.77. The company has a market capitalization of $3.93 billion and a PE ratio of 22.60. Hilton Grand Vacations Inc. has a 1-year low of $24.60 and a 1-year high of $40.11.
Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Wednesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $413.33 million. The company’s revenue was up 12.3% compared to the same quarter last year. On average, equities analysts anticipate that Hilton Grand Vacations Inc. will post $1.94 earnings per share for the current fiscal year.
In related news, Director David William Johnson bought 28,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average cost of $35.16 per share, for a total transaction of $984,480.00. Following the completion of the transaction, the director now owns 33,000 shares of the company’s stock, valued at $1,160,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by insiders.
HGV has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Buckingham Research initiated coverage on Hilton Grand Vacations in a report on Monday, June 19th. They issued a “buy” rating and a $42.00 target price on the stock. Instinet reaffirmed a “buy” rating and issued a $45.00 target price (up previously from $44.00) on shares of Hilton Grand Vacations in a report on Thursday, August 3rd. Finally, Nomura raised their target price on Hilton Grand Vacations from $44.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Nine analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $38.78.
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.
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