Charles Schwab Investment Management Inc. Grows Stock Holdings in Hilton Grand Vacations Inc. $HGV

Charles Schwab Investment Management Inc. grew its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 917,221 shares of the company’s stock after acquiring an additional 25,164 shares during the period. Charles Schwab Investment Management Inc. owned about 1.00% of Hilton Grand Vacations worth $34,313,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Hilton Grand Vacations by 262.8% in the 1st 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 during the last quarter. Deutsche Bank AG boosted its holdings in shares of Hilton Grand Vacations by 17.1% in the 4th quarter. Deutsche Bank AG now owns 139,410 shares of the company’s stock valued at $5,430,000 after acquiring an additional 20,398 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Hilton Grand Vacations by 5.1% in the 4th quarter. Bank of Montreal Can now owns 7,447 shares of the company’s stock valued at $290,000 after acquiring an additional 361 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at $311,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Hilton Grand Vacations by 9,418.9% in the 1st quarter. GAMMA Investing LLC now owns 17,134 shares of the company’s stock valued at $6,410,000 after acquiring an additional 16,954 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $44.52 on Tuesday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.77 and a current ratio of 4.43. The company has a fifty day moving average of $44.61 and a two-hundred day moving average of $40.44. The stock has a market capitalization of $3.96 billion, a PE ratio of 80.95, a P/E/G ratio of 3.79 and a beta of 1.65. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.54 earnings per share 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 analyst estimates of $1.38 billion. Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 earnings per share. As a group, research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations declared that its board has authorized a share buyback program on Wednesday, August 13th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have recently commented on HGV shares. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on shares of Hilton Grand Vacations and gave the company a “buy” rating in a report on Monday, August 4th. Barclays boosted their target price on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Mizuho boosted their target price on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. JMP Securities reiterated a “market outperform” rating and issued a $50.00 target price on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Finally, Morgan Stanley decreased their target price on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.