Hilton Grand Vacations Inc. (NYSE:HGV) Stock Holdings Lessened by US Bancorp DE

US Bancorp DE trimmed its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 13.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,206 shares of the company’s stock after selling 963 shares during the quarter. US Bancorp DE’s holdings in Hilton Grand Vacations were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Assenagon Asset Management S.A. raised its position in Hilton Grand Vacations by 262.8% during the first quarter. Assenagon Asset Management S.A. now owns 50,342 shares of the company’s stock valued at $1,883,000 after acquiring an additional 36,465 shares in the last quarter. Deutsche Bank AG raised its position in shares of Hilton Grand Vacations by 17.1% in the fourth quarter. Deutsche Bank AG now owns 139,410 shares of the company’s stock valued at $5,430,000 after purchasing an additional 20,398 shares during the period. Bank of Montreal Can raised its position in shares of Hilton Grand Vacations by 5.1% in the fourth quarter. Bank of Montreal Can now owns 7,447 shares of the company’s stock valued at $290,000 after purchasing an additional 361 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Hilton Grand Vacations in the fourth quarter valued at approximately $311,000. Finally, GAMMA Investing LLC raised its position in shares of Hilton Grand Vacations by 9,418.9% in the first quarter. GAMMA Investing LLC now owns 17,134 shares of the company’s stock valued at $6,410,000 after purchasing an additional 16,954 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Down 1.6%

HGV opened at $45.28 on Friday. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $52.08. The company has a debt-to-equity ratio of 4.31, a current ratio of 4.43 and a quick ratio of 2.77. The firm’s fifty day moving average price is $44.44 and its two-hundred day moving average price is $40.42. The company has a market capitalization of $4.03 billion, a P/E ratio of 82.32, a P/E/G ratio of 3.93 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 earnings per share. On average, analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Hilton Grand Vacations declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 13th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reissued a “sell” rating and issued a $39.00 price target on shares of Hilton Grand Vacations in a research report on Friday, August 1st. JMP Securities restated a “market outperform” rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Morgan Stanley lowered their price objective on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on shares of Hilton Grand Vacations and gave the stock a “buy” rating in a research note on Monday, August 4th. Finally, Mizuho raised their price objective on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.43.

Hilton Grand Vacations Company 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.