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

Great Lakes Advisors LLC purchased a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,337 shares of the company’s stock, valued at approximately $2,531,000. Great Lakes Advisors LLC owned about 0.06% of Hilton Grand Vacations at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Leonteq Securities AG lifted 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 period. EverSource Wealth Advisors LLC increased its stake in shares of Hilton Grand Vacations by 743.4% during the second 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. Bard Associates Inc. purchased a new position in Hilton Grand Vacations during the fourth quarter worth about $29,000. Kestra Advisory Services LLC purchased a new position in Hilton Grand Vacations during the fourth quarter worth about $44,000. Finally, Quarry LP acquired a new stake in Hilton Grand Vacations in the third quarter valued at about $44,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HGV. Weiss Ratings reiterated a “hold (c)” rating on shares of Hilton Grand Vacations in a research report on Friday, May 29th. Truist Financial raised their price target on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a report on Monday, May 18th. Morgan Stanley reduced their target price on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday. Barclays lowered their price target 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, Zacks Research cut shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.89.

Insider Transactions at Hilton Grand Vacations

In other news, insider Mark D. Wang sold 190,813 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Charles R. Jr. Corbin sold 20,691 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total transaction of $970,407.90. Following the completion of the transaction, the insider directly owned 47,924 shares of the company’s stock, valued at approximately $2,247,635.60. This represents a 30.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.10% of the stock is currently owned by corporate insiders.

Hilton Grand Vacations Trading Up 0.5%

NYSE:HGV opened at $45.05 on Friday. Hilton Grand Vacations Inc. has a 52-week low of $36.79 and a 52-week high of $55.40. The company has a quick ratio of 3.20, a current ratio of 5.02 and a debt-to-equity ratio of 6.18. The stock has a fifty day simple moving average of $49.22 and a 200-day simple moving average of $47.01. The company 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.

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

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