Quantbot Technologies LP Takes Position in Hilton Grand Vacations Inc. $HGV

Quantbot Technologies LP acquired a new position in Hilton Grand Vacations Inc. (NYSE:HGV) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 45,699 shares of the company’s stock, valued at approximately $2,393,000.

A number of other institutional investors also recently bought and sold shares of HGV. Leonteq Securities AG lifted its position in Hilton Grand Vacations by 189.7% during the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after purchasing an additional 565 shares during the period. Bard Associates Inc. purchased a new stake in Hilton Grand Vacations in the fourth quarter worth about $29,000. Allworth Financial LP purchased a new stake in Hilton Grand Vacations in the second quarter worth about $43,000. Finally, Kestra Advisory Services LLC purchased a new stake in Hilton Grand Vacations in the fourth quarter worth about $44,000. 97.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HGV. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hilton Grand Vacations in a research report on Friday, May 29th. Susquehanna initiated coverage on shares of Hilton Grand Vacations in a report on Tuesday, August 18th. They issued a “neutral” rating and a $50.00 target price for the company. The Goldman Sachs Group reduced their target price on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Barclays decreased their target price on shares of Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Finally, Mizuho lowered their price target on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Hilton Grand Vacations presently has an average rating of “Hold” and a consensus target price of $54.89.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 20,691 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $46.90, for a total value of $970,407.90. Following the transaction, the insider directly owned 47,924 shares of the company’s stock, valued at approximately $2,247,635.60. The trade was a 30.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark D. Wang sold 190,813 shares of the company’s stock in a transaction that occurred on 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 owned 904,241 shares of the company’s stock, valued at $46,957,235.13. The trade was a 17.42% 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 insiders.

Hilton Grand Vacations Trading Up 0.6%

Shares of HGV stock opened at $45.39 on Tuesday. Hilton Grand Vacations Inc. has a 52-week low of $36.79 and a 52-week high of $55.40. The company has a debt-to-equity ratio of 6.18, a quick ratio of 3.20 and a current ratio of 5.02. The firm has a market capitalization of $3.53 billion, a PE ratio of 25.64, a PEG ratio of 0.44 and a beta of 1.53. The stock has a fifty day simple moving average of $49.10 and a two-hundred day simple moving average of $47.02.

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

Hilton Grand Vacations declared that its board has authorized a stock buyback plan on Thursday, August 20th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the company to purchase up to 17% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.