1,277 Shares in Hilton Grand Vacations Inc. $HGV Purchased by State of Wyoming

State of Wyoming acquired a new position in Hilton Grand Vacations Inc. (NYSE:HGV) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,277 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC increased its position in Hilton Grand Vacations by 136.9% in the 1st quarter. Signaturefd LLC now owns 860 shares of the company’s stock worth $32,000 after purchasing an additional 497 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Hilton Grand Vacations by 106.8% during the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company’s stock valued at $40,000 after acquiring an additional 550 shares during the last quarter. Bayforest Capital Ltd acquired a new position in shares of Hilton Grand Vacations during the 1st quarter valued at about $73,000. FNY Investment Advisers LLC acquired a new position in shares of Hilton Grand Vacations during the 1st quarter valued at about $73,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Hilton Grand Vacations during the 1st quarter valued at about $104,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $47.21 on Wednesday. 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 has a market capitalization of $4.20 billion, a price-to-earnings ratio of 85.84, a P/E/G ratio of 4.05 and a beta of 1.67. The company’s fifty day moving average is $46.62 and its two-hundred day moving average is $40.97. Hilton Grand Vacations Inc. has a 52-week low of $30.59 and a 52-week high of $52.08.

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

Hilton Grand Vacations announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 13th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently commented on HGV. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on Hilton Grand Vacations and gave the company a “buy” rating in a report on Monday, August 4th. Truist Financial lowered their price objective on Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. The Goldman Sachs Group reissued a “sell” rating and set a $39.00 price objective on shares of Hilton Grand Vacations in a report on Friday, August 1st. Mizuho increased their price objective on Hilton Grand Vacations from $73.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Barclays raised their target price on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.29.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Mark D. Wang sold 46,364 shares of Hilton Grand Vacations stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the sale, the insider owned 801,681 shares of the company’s stock, valued at approximately $37,951,578.54. This trade represents a 5.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

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.