Great Lakes Advisors LLC Invests $2.53 Million in Hilton Grand Vacations Inc. $HGV

Great Lakes Advisors LLC bought a new position in Hilton Grand Vacations Inc. (NYSE:HGV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48,337 shares of the company’s stock, valued at approximately $2,531,000.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Hilton Grand Vacations during the second quarter worth approximately $422,842,000. Dimensional Fund Advisors LP grew its stake in shares of Hilton Grand Vacations by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock valued at $151,375,000 after buying an additional 60,624 shares during the period. Mudita Advisors LLP grew its stake in shares of Hilton Grand Vacations by 11.7% during the 4th quarter. Mudita Advisors LLP now owns 2,607,012 shares of the company’s stock valued at $116,664,000 after buying an additional 273,866 shares during the period. UBS Group AG increased its holdings in shares of Hilton Grand Vacations by 34.4% during the 3rd 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 last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Hilton Grand Vacations by 36.8% during the 4th 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 last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HGV has been the topic of a number of research analyst reports. Barclays reduced their target price on Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Truist Financial raised their price objective on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Morgan Stanley reduced their price objective on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Zacks Research downgraded shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Finally, Susquehanna assumed coverage on shares of Hilton Grand Vacations in a report on Tuesday. They issued a “neutral” rating and a $50.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $54.89.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $45.05 on Friday. The stock’s 50 day moving average price is $49.22 and its 200 day moving average price is $47.01. The firm has a market capitalization of $3.50 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 0.44 and a beta of 1.53. The company has a debt-to-equity ratio of 6.18, a quick ratio of 3.20 and a current ratio of 5.02. Hilton Grand Vacations Inc. has a one year low of $36.79 and a one year high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.05). The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. As a group, sell-side analysts expect that Hilton Grand Vacations Inc. will post 4.61 EPS for the current fiscal year.

Hilton Grand Vacations declared that its Board of Directors has initiated a share buyback plan on Thursday, August 20th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 17% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Mark D. Wang sold 190,813 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 904,241 shares in the company, valued at $46,957,235.13. This trade represents a 17.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 20,691 shares of Hilton Grand Vacations stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $46.90, for a total value of $970,407.90. Following the sale, the insider directly owned 47,924 shares in the company, valued at approximately $2,247,635.60. The trade was a 30.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.10% of the stock is currently owned by corporate insiders.

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.