Parsifal Capital Management LP Takes $108.86 Billion Position in Hilton Grand Vacations Inc. $HGV

Parsifal Capital Management LP bought a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,078,729 shares of the company’s stock, valued at approximately $108,863,038,000. Hilton Grand Vacations makes up about 13.2% of Parsifal Capital Management LP’s investment portfolio, making the stock its 2nd biggest holding.

Other large investors also recently bought and sold shares of the company. Persistent Asset Partners Ltd bought a new position in Hilton Grand Vacations during the second quarter valued at $63,000. Bard Associates Inc. purchased a new position in shares of Hilton Grand Vacations in the 4th quarter worth $29,000. EverSource Wealth Advisors LLC grew its stake in shares of Hilton Grand Vacations by 743.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after buying an additional 565 shares in the last quarter. Leonteq Securities AG increased its holdings 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 buying an additional 440 shares during the last quarter. Finally, Allworth Financial LP bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter worth about $43,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock opened at $45.05 on Monday. 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’s fifty day moving average is $49.22 and its two-hundred day moving average is $47.02. Hilton Grand Vacations Inc. has a 52 week low of $36.79 and a 52 week high of $55.40. 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 released its earnings results on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.05). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. As a group, analysts expect that Hilton Grand Vacations Inc. will post 4.61 earnings per share for the current year.

Hilton Grand Vacations announced 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 buy 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.

Insider Transactions at Hilton Grand Vacations

In related news, insider Mark D. Wang sold 190,813 shares of Hilton Grand Vacations stock in a transaction dated Thursday, May 28th. The shares were 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 owned 904,241 shares in the company, valued at $46,957,235.13. This trade represents a 17.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles R. Jr. Corbin sold 20,691 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 47,924 shares of the company’s stock, valued at approximately $2,247,635.60. This trade represents a 30.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HGV shares. Mizuho decreased 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 report on Friday, July 31st. The Goldman Sachs Group dropped their price target on Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Barclays decreased their price objective on Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Finally, Truist Financial raised their price objective on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $54.89.

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.