Aristotle Capital Boston LLC Raises Stock Holdings in Hilton Grand Vacations Inc. $HGV

Aristotle Capital Boston LLC lifted its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 13.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 284,464 shares of the company’s stock after purchasing an additional 32,757 shares during the period. Aristotle Capital Boston LLC’s holdings in Hilton Grand Vacations were worth $12,730,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Hilton Grand Vacations by 7.3% in the third quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company’s stock worth $283,849,000 after buying an additional 464,618 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Hilton Grand Vacations by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,809,107 shares of the company’s stock worth $170,460,000 after buying an additional 38,157 shares during the period. Mudita Advisors LLP raised its holdings in shares of Hilton Grand Vacations by 11.7% in the fourth quarter. Mudita Advisors LLP now owns 2,607,012 shares of the company’s stock worth $116,664,000 after buying an additional 273,866 shares during the period. UBS Group AG raised its holdings in shares of Hilton Grand Vacations by 34.4% in the third quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock worth $94,423,000 after buying an additional 577,772 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Hilton Grand Vacations by 36.8% in the fourth quarter. Franklin Resources Inc. now owns 1,936,994 shares of the company’s stock worth $86,680,000 after buying an additional 521,109 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Up 1.4%

Shares of NYSE:HGV opened at $52.06 on Thursday. Hilton Grand Vacations Inc. has a 52-week low of $36.79 and a 52-week high of $53.82. The stock has a market cap of $4.13 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 0.46 and a beta of 1.50. The business’s 50 day moving average is $47.95 and its 200 day moving average is $45.66. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Hilton Grand Vacations’s revenue was up 11.9% compared to the same quarter last year. Sell-side analysts predict that Hilton Grand Vacations Inc. will post 5.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Hilton Grand Vacations from $49.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Truist Financial increased their price target on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Jefferies Financial Group increased their price objective on Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. Finally, Barclays increased their price objective on Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus price target of $56.89.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Mark D. Wang sold 190,813 shares of the stock in a transaction 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 sale, the insider owned 904,241 shares of the company’s stock, valued at approximately $46,957,235.13. This trade represents a 17.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Carlos Hernandez sold 5,595 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total value of $261,230.55. Following the sale, the insider directly owned 14,080 shares in the company, valued at $657,395.20. This trade represents a 28.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 229,315 shares of company stock valued at $11,738,497 over the last quarter. 3.10% of the stock is owned by corporate insiders.

About Hilton Grand Vacations

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.