Pacer Advisors Inc. Lowers Position in Hilton Grand Vacations Inc. $HGV

Pacer Advisors Inc. trimmed its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 97.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,903 shares of the company’s stock after selling 250,264 shares during the quarter. Pacer Advisors Inc.’s holdings in Hilton Grand Vacations were worth $270,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Hilton Grand Vacations by 411.4% during the first quarter. Bank of America Corp DE now owns 566,855 shares of the company’s stock worth $22,175,000 after buying an additional 456,008 shares in the last quarter. Amundi boosted its stake in shares of Hilton Grand Vacations by 214.2% during the 1st quarter. Amundi now owns 20,490 shares of the company’s stock worth $802,000 after acquiring an additional 13,969 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Hilton Grand Vacations by 20.6% during the 1st quarter. California State Teachers Retirement System now owns 69,769 shares of the company’s stock valued at $2,729,000 after acquiring an additional 11,932 shares during the period. Readystate Asset Management LP grew its position in shares of Hilton Grand Vacations by 38.7% during the 1st quarter. Readystate Asset Management LP now owns 37,324 shares of the company’s stock valued at $1,460,000 after acquiring an additional 10,422 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of Hilton Grand Vacations by 11.7% in the 1st quarter. Quantinno Capital Management LP now owns 15,609 shares of the company’s stock valued at $611,000 after purchasing an additional 1,633 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Charles R. Jr. Corbin sold 20,691 shares of the company’s stock in a transaction 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 sale, the insider owned 47,924 shares of the company’s stock, valued at $2,247,635.60. This represents a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark D. Wang sold 190,813 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 904,241 shares of the company’s stock, valued at $46,957,235.13. The trade was a 17.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 250,006 shares of company stock worth $12,708,905. 3.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Hilton Grand Vacations from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Wells Fargo & Company cut their price objective on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Mizuho decreased their target price on 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. Finally, Truist Financial boosted their price target on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of “Hold” and a consensus target price of $56.00.

Hilton Grand Vacations Price Performance

NYSE:HGV opened at $43.12 on Wednesday. Hilton Grand Vacations Inc. has a 12 month low of $36.79 and a 12 month high of $55.40. The stock has a 50 day moving average of $49.99 and a two-hundred day moving average of $47.04. The company has a current ratio of 5.02, a quick ratio of 3.20 and a debt-to-equity ratio of 6.18. The firm has a market cap of $3.35 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 0.40 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 firm 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%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. On average, analysts expect that Hilton Grand Vacations Inc. will post 4.79 earnings per share for the current fiscal year.

About Hilton Grand Vacations

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.