Hilton Grand Vacations Inc. (NYSE:HGV) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 34.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,833 shares of the company’s stock after acquiring an additional 3,774 shares during the quarter. ProShare Advisors LLC’s holdings in Hilton Grand Vacations were worth $659,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. American Century Companies Inc. raised its position in Hilton Grand Vacations by 4.1% during the first quarter. American Century Companies Inc. now owns 52,433 shares of the company’s stock valued at $2,727,000 after buying an additional 2,064 shares during the period. PNC Financial Services Group Inc. raised its position in Hilton Grand Vacations by 327.3% during the first quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock valued at $28,000 after buying an additional 419 shares during the period. MetLife Investment Management LLC raised its position in Hilton Grand Vacations by 54.6% during the first quarter. MetLife Investment Management LLC now owns 45,634 shares of the company’s stock valued at $2,373,000 after buying an additional 16,123 shares during the period. Rhumbline Advisers raised its position in Hilton Grand Vacations by 4.3% during the first quarter. Rhumbline Advisers now owns 92,190 shares of the company’s stock valued at $4,795,000 after buying an additional 3,840 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in Hilton Grand Vacations by 7.6% during the first quarter. Great West Life Assurance Co. Can now owns 6,144 shares of the company’s stock valued at $340,000 after buying an additional 436 shares during the period. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hilton Grand Vacations

In other news, insider Carlos Hernandez sold 5,915 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $48.00, for a total transaction of $283,920.00. Following the completion of the sale, the insider now owns 11,412 shares in the company, valued at approximately $547,776. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HGV shares. Barclays dropped their price target on Hilton Grand Vacations from $56.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday, August 7th. StockNews.com assumed coverage on Hilton Grand Vacations in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Truist Financial lowered their target price on Hilton Grand Vacations from $76.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, August 11th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Hilton Grand Vacations in a research note on Thursday. They issued a “buy” rating and a $59.00 target price on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.67.

Hilton Grand Vacations Stock Performance

HGV opened at $41.60 on Friday. The company has a market cap of $4.58 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.44 and a beta of 2.04. The stock has a 50-day moving average of $45.16 and a 200-day moving average of $44.94. Hilton Grand Vacations Inc. has a 52-week low of $32.12 and a 52-week high of $51.81. The company has a debt-to-equity ratio of 1.82, a quick ratio of 2.32 and a current ratio of 3.36.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $990.87 million. Hilton Grand Vacations had a return on equity of 21.20% and a net margin of 9.41%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. As a group, equities research analysts forecast that Hilton Grand Vacations Inc. will post 4.05 earnings per share 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.