Assenagon Asset Management S.A. Buys 36,465 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Assenagon Asset Management S.A. lifted its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 262.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,342 shares of the company’s stock after acquiring an additional 36,465 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.05% of Hilton Grand Vacations worth $1,883,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. CAS Investment Partners LLC raised its position in shares of Hilton Grand Vacations by 2.0% during the 4th quarter. CAS Investment Partners LLC now owns 6,492,344 shares of the company’s stock valued at $252,877,000 after purchasing an additional 129,333 shares during the period. Franklin Resources Inc. lifted its position in shares of Hilton Grand Vacations by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company’s stock valued at $143,031,000 after acquiring an additional 373,442 shares in the last quarter. Parsifal Capital Management LP boosted its stake in shares of Hilton Grand Vacations by 1.8% in the fourth quarter. Parsifal Capital Management LP now owns 3,475,861 shares of the company’s stock worth $135,385,000 after acquiring an additional 62,346 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Hilton Grand Vacations by 21.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company’s stock worth $114,329,000 after purchasing an additional 512,362 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Hilton Grand Vacations by 27.7% during the fourth quarter. Millennium Management LLC now owns 2,045,286 shares of the company’s stock worth $79,664,000 after purchasing an additional 443,353 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of the business’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $38.78, for a total transaction of $1,977,780.00. Following the completion of the transaction, the insider now owns 60,270 shares in the company, valued at $2,337,270.60. The trade was a 45.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on HGV shares. Wall Street Zen upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Truist Financial raised their target price on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Morgan Stanley cut their price objective on Hilton Grand Vacations from $46.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Barclays decreased their target price on Hilton Grand Vacations from $45.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group raised their price target on Hilton Grand Vacations from $30.00 to $34.00 and gave the company a “sell” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.00.

Hilton Grand Vacations Trading Up 0.1%

HGV opened at $39.42 on Wednesday. The firm has a market cap of $3.61 billion, a P/E ratio of 123.19, a P/E/G ratio of 4.51 and a beta of 1.63. Hilton Grand Vacations Inc. has a 12 month low of $30.59 and a 12 month high of $44.99. The stock has a 50-day moving average of $37.51 and a 200 day moving average of $38.83. The company has a current ratio of 3.95, a quick ratio of 2.49 and a debt-to-equity ratio of 4.01.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.40). The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 EPS. As a group, research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

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.