Wittenberg Investment Management Inc. Makes New $581,000 Investment in Hilton Grand Vacations Inc. $HGV

Wittenberg Investment Management Inc. bought a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,000 shares of the company’s stock, valued at approximately $581,000.

A number of other institutional investors have also recently made changes to their positions in HGV. Sender Co & Partners Inc. purchased a new stake in Hilton Grand Vacations during the 1st quarter valued at about $488,000. Nuveen LLC acquired a new position in shares of Hilton Grand Vacations during the 1st quarter worth approximately $10,467,000. Jefferies Financial Group Inc. purchased a new stake in shares of Hilton Grand Vacations in the first quarter valued at approximately $223,000. Invesco Ltd. increased its holdings in shares of Hilton Grand Vacations by 1.7% in the first quarter. Invesco Ltd. now owns 366,032 shares of the company’s stock valued at $13,693,000 after purchasing an additional 5,960 shares during the last quarter. Finally, PB Investment Partners L.P. increased its holdings in shares of Hilton Grand Vacations by 6.7% in the second quarter. PB Investment Partners L.P. now owns 610,098 shares of the company’s stock valued at $25,337,000 after purchasing an additional 38,540 shares during the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HGV has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Hilton Grand Vacations in a research note on Thursday. Mizuho upped their price objective on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Morgan Stanley restated an “overweight” rating and set a $48.00 price objective on shares of Hilton Grand Vacations in a research report on Wednesday, October 22nd. The Goldman Sachs Group reissued a “sell” rating and issued a $39.00 price target on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Finally, Barclays lifted their price target on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Hilton Grand Vacations currently has an average rating of “Hold” and a consensus price target of $54.29.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 30,426 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $41.81, for a total value of $1,272,111.06. Following the completion of the transaction, the insider owned 60,270 shares in the company, valued at $2,519,888.70. This represents a 33.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mark D. Wang sold 46,364 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total value of $2,194,871.76. Following the transaction, the insider directly owned 801,681 shares in the company, valued at approximately $37,951,578.54. The trade was a 5.47% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.30% of the company’s stock.

Hilton Grand Vacations Price Performance

HGV opened at $38.34 on Tuesday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 69.71, a PEG ratio of 4.11 and a beta of 1.66. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $52.08. The company has a current ratio of 5.02, a quick ratio of 3.12 and a debt-to-equity ratio of 4.67. The stock’s 50-day moving average price is $42.93 and its 200 day moving average price is $43.23.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.41). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.37 billion. Hilton Grand Vacations had a net margin of 1.06% and a return on equity of 9.52%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. As a group, sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations declared that its board has approved a stock repurchase program on Wednesday, August 13th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.