Vanguard Personalized Indexing Management LLC Takes Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Vanguard Personalized Indexing Management LLC bought a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,810 shares of the company’s stock, valued at approximately $475,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in Hilton Grand Vacations by 123.5% in the third quarter. AQR Capital Management LLC now owns 529,634 shares of the company’s stock valued at $21,556,000 after acquiring an additional 292,636 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in Hilton Grand Vacations by 199.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 403,059 shares of the company’s stock worth $16,404,000 after buying an additional 268,498 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hilton Grand Vacations by 17.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,763,168 shares of the company’s stock worth $70,847,000 after purchasing an additional 267,567 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of Hilton Grand Vacations in the third quarter valued at about $9,938,000. Finally, 683 Capital Management LLC raised its holdings in Hilton Grand Vacations by 32.5% in the 3rd quarter. 683 Capital Management LLC now owns 550,000 shares of the company’s stock valued at $22,385,000 after acquiring an additional 135,000 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Insider Transactions at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 23,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total value of $1,046,270.00. Following the sale, the insider now directly owns 140,618 shares in the company, valued at approximately $6,396,712.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Charles R. Jr. Corbin sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the completion of the transaction, the insider now owns 140,618 shares of the company’s stock, valued at approximately $6,396,712.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charles R. Jr. Corbin sold 38,557 shares of Hilton Grand Vacations stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total value of $1,780,562.26. Following the completion of the sale, the insider now directly owns 166,997 shares of the company’s stock, valued at approximately $7,711,921.46. The disclosure for this sale can be found here. Insiders sold a total of 89,557 shares of company stock valued at $4,142,832 over the last ninety days. 2.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HGV. JMP Securities reissued a “market outperform” rating and issued a $55.00 price target on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Mizuho initiated coverage on shares of Hilton Grand Vacations in a research report on Tuesday, March 26th. They set a “buy” rating and a $63.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Hilton Grand Vacations in a research report on Monday, April 15th. They set an “overweight” rating and a $59.00 price target for the company. Truist Financial boosted their target price on shares of Hilton Grand Vacations from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Finally, Barclays lifted their price target on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, March 1st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Grand Vacations has an average rating of “Moderate Buy” and an average target price of $58.57.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $41.31 on Friday. The company has a quick ratio of 3.11, a current ratio of 4.44 and a debt-to-equity ratio of 3.09. The company’s fifty day simple moving average is $44.11 and its 200-day simple moving average is $42.07. Hilton Grand Vacations Inc. has a 12 month low of $33.13 and a 12 month high of $49.02. The firm has a market cap of $4.28 billion, a PE ratio of 19.49, a P/E/G ratio of 2.16 and a beta of 1.94.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the business earned $0.79 earnings per share. The company’s revenue was up 23.8% on a year-over-year basis. Equities research analysts expect that Hilton Grand Vacations Inc. will post 3.18 EPS for the current fiscal year.

About Hilton Grand Vacations

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.