Hussman Strategic Advisors Inc. Purchases New Position in Hilton Grand Vacations Inc. $HGV

Hussman Strategic Advisors Inc. bought a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,000 shares of the company’s stock, valued at approximately $878,000.

Several other large investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after buying an additional 565 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Hilton Grand Vacations by 136.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock valued at $37,000 after acquiring an additional 520 shares during the period. CWM LLC lifted its holdings in shares of Hilton Grand Vacations by 69.8% in the 2nd quarter. CWM LLC now owns 1,277 shares of the company’s stock worth $53,000 after acquiring an additional 525 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter worth about $190,000. Finally, Securian Asset Management Inc. boosted its stake in shares of Hilton Grand Vacations by 5.0% during the 3rd quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock worth $193,000 after purchasing an additional 222 shares during the period. Institutional investors own 97.23% of the company’s stock.

Insider Activity

In related news, insider Charles R. Jr. Corbin sold 30,426 shares of Hilton Grand Vacations stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $41.81, for a total transaction of $1,272,111.06. Following the transaction, the insider directly owned 60,270 shares of the company’s stock, valued at $2,519,888.70. This trade represents a 33.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on HGV shares. Wells Fargo & Company assumed coverage on Hilton Grand Vacations in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $42.00 target price on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Hilton Grand Vacations in a report on Monday, December 29th. Truist Financial decreased their price objective on shares of Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 14th. Zacks Research raised shares of Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $49.00 target price on shares of Hilton Grand Vacations in a research report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Hilton Grand Vacations has an average rating of “Hold” and a consensus price target of $52.88.

Hilton Grand Vacations Stock Down 1.0%

NYSE:HGV opened at $44.12 on Thursday. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $52.08. The company has a 50-day moving average of $44.42 and a 200 day moving average of $44.46. The firm has a market cap of $3.77 billion, a PE ratio of 80.23, a price-to-earnings-growth ratio of 0.96 and a beta of 1.48. The company has a debt-to-equity ratio of 4.67, a current ratio of 5.02 and a quick ratio of 3.12.

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

Hilton Grand Vacations Company 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.