Hilton Grand Vacations Inc. $HGV Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC boosted its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 24.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,487 shares of the company’s stock after purchasing an additional 15,417 shares during the quarter. Voya Investment Management LLC owned about 0.09% of Hilton Grand Vacations worth $2,974,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HGV. Signaturefd LLC increased its position in shares of Hilton Grand Vacations by 136.9% during 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. boosted its stake in shares of Hilton Grand Vacations by 106.8% in the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company’s stock valued at $40,000 after buying an additional 550 shares during the period. State of Wyoming purchased a new position in shares of Hilton Grand Vacations in the 1st quarter valued at about $48,000. FNY Investment Advisers LLC purchased a new position in shares of Hilton Grand Vacations in the 1st quarter valued at about $73,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Hilton Grand Vacations in the 1st quarter valued at about $73,000. 97.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on Hilton Grand Vacations and gave the company a “buy” rating in a research note on Monday, August 4th. The Goldman Sachs Group reiterated a “sell” rating and issued a $39.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Barclays lifted their price objective on 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 Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Finally, Truist Financial decreased their target price on Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.29.

Insider Activity

In related news, insider Mark D. Wang sold 46,364 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total value 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 SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

Hilton Grand Vacations Trading Down 1.0%

Shares of HGV opened at $44.45 on Friday. The company has a market capitalization of $3.96 billion, a P/E ratio of 80.83, a P/E/G ratio of 3.79 and a beta of 1.67. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $52.08. 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 stock has a 50-day moving average price of $46.50 and a 200 day moving average price of $41.17.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%.The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. Sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has initiated a stock repurchase program on Wednesday, August 13th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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.