Hilton Grand Vacations Inc. $HGV Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 97.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,903 shares of the company’s stock after selling 250,264 shares during the period. Pacer Advisors Inc.’s holdings in Hilton Grand Vacations were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in HGV. Fifth Third Bancorp lifted its position in Hilton Grand Vacations by 5.7% during the fourth quarter. Fifth Third Bancorp now owns 4,449 shares of the company’s stock worth $199,000 after buying an additional 238 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Hilton Grand Vacations by 13.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock valued at $112,000 after buying an additional 291 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Hilton Grand Vacations by 3.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,322 shares of the company’s stock worth $482,000 after acquiring an additional 400 shares during the last quarter. Leonteq Securities AG increased its stake in shares of Hilton Grand Vacations by 189.7% in the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after acquiring an additional 440 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after acquiring an additional 565 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Up 1.4%

Shares of NYSE HGV opened at $43.12 on Wednesday. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 0.40 and a beta of 1.53. The company has a quick ratio of 3.20, a current ratio of 5.02 and a debt-to-equity ratio of 6.18. Hilton Grand Vacations Inc. has a 52-week low of $36.79 and a 52-week high of $55.40. The business’s 50 day moving average is $49.99 and its two-hundred day moving average is $47.04.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.05). Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Research analysts predict that Hilton Grand Vacations Inc. will post 4.79 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Mizuho reduced their target price on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Morgan Stanley increased their price target on shares of Hilton Grand Vacations from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Finally, Zacks Research downgraded shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $56.00.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Mark D. Wang sold 190,813 shares of Hilton Grand Vacations stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $51.93, for a total value of $9,908,919.09. Following the completion of the transaction, the insider directly owned 904,241 shares of the company’s stock, valued at $46,957,235.13. The trade was a 17.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Carlos Hernandez sold 5,595 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total transaction of $261,230.55. Following the sale, the insider owned 14,080 shares in the company, valued at $657,395.20. This trade represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 250,006 shares of company stock valued at $12,708,905. Corporate insiders own 3.10% of the company’s stock.

Hilton Grand Vacations 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.