MassMutual Private Wealth & Trust FSB Sells 767 Shares of Hilton Grand Vacations Inc. $HGV

MassMutual Private Wealth & Trust FSB lessened its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 55.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 617 shares of the company’s stock after selling 767 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Hilton Grand Vacations were worth $26,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its holdings in Hilton Grand Vacations by 136.9% in the first quarter. Signaturefd LLC now owns 860 shares of the company’s stock valued at $32,000 after buying an additional 497 shares during the period. UMB Bank n.a. grew its position in Hilton Grand Vacations by 106.8% in the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company’s stock worth $40,000 after purchasing an additional 550 shares in the last quarter. State of Wyoming purchased a new position in Hilton Grand Vacations in the first quarter valued at about $48,000. FNY Investment Advisers LLC purchased a new position in Hilton Grand Vacations in the first quarter valued at about $73,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Hilton Grand Vacations during the 1st quarter valued at approximately $73,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Down 1.0%

NYSE:HGV opened at $44.45 on Monday. The stock 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. 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’s 50-day simple moving average is $46.50 and its 200-day simple moving average is $41.18. 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 announced its quarterly earnings data on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.24). The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. On average, equities analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share 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 allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Mark D. Wang sold 46,364 shares of Hilton Grand Vacations stock in a transaction on Wednesday, August 27th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by company insiders.

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.