Campbell & CO Investment Adviser LLC Makes New Investment in Hilton Grand Vacations Inc. $HGV

Campbell & CO Investment Adviser LLC purchased a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,746 shares of the company’s stock, valued at approximately $612,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC raised its holdings in Hilton Grand Vacations by 136.9% in the 1st quarter. Signaturefd LLC now owns 860 shares of the company’s stock valued at $32,000 after buying an additional 497 shares during the period. State of Wyoming purchased a new stake in shares of Hilton Grand Vacations in the 1st quarter valued at approximately $48,000. CWM LLC lifted its holdings in shares of Hilton Grand Vacations by 69.8% in the 2nd quarter. CWM LLC now owns 1,277 shares of the company’s stock worth $53,000 after acquiring an additional 525 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Hilton Grand Vacations during the 1st quarter worth approximately $73,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Hilton Grand Vacations during the 1st quarter worth approximately $104,000. 97.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on HGV. Weiss Ratings restated a “sell (d+)” rating on shares of Hilton Grand Vacations in a research note on Thursday. Zacks Research downgraded Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Mizuho raised their target price on Hilton Grand Vacations from $73.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $59.00 target price on Hilton Grand Vacations and gave the company a “buy” rating in a research report on Monday, August 4th. Finally, Barclays raised their price objective on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $54.29.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total value of $2,194,871.76. Following the sale, the insider directly owned 801,681 shares in the company, valued at $37,951,578.54. This trade represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 30,426 shares of Hilton Grand Vacations stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $41.81, for a total value of $1,272,111.06. Following the sale, the insider directly owned 60,270 shares of the company’s stock, valued at $2,519,888.70. This trade represents a 33.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.30% of the stock is currently owned by company insiders.

Hilton Grand Vacations Price Performance

HGV stock opened at $39.33 on Friday. The business’s 50-day moving average is $43.11 and its two-hundred day moving average is $43.09. The company has a debt-to-equity ratio of 4.67, a current ratio of 5.02 and a quick ratio of 3.12. The firm has a market capitalization of $3.36 billion, a P/E ratio of 71.51, a P/E/G ratio of 4.14 and a beta of 1.66. Hilton Grand Vacations Inc. has a 1 year low of $30.59 and a 1 year high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.41). Hilton Grand Vacations had a return on equity of 9.52% and a net margin of 1.06%.The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. Analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 13th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.