Hilton Grand Vacations Inc. $HGV Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 5.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 7,922 shares of the company’s stock after selling 474 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Hilton Grand Vacations were worth $329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covey Capital Advisors LLC lifted its position in Hilton Grand Vacations by 0.8% during the 1st quarter. Covey Capital Advisors LLC now owns 44,599 shares of the company’s stock worth $1,668,000 after acquiring an additional 357 shares during the period. Signaturefd LLC lifted its position in 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 acquiring an additional 497 shares during the period. CWM LLC lifted its position in Hilton Grand Vacations by 69.8% during the 2nd quarter. CWM LLC now owns 1,277 shares of the company’s stock worth $53,000 after acquiring an additional 525 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Hilton Grand Vacations by 1.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock worth $1,545,000 after acquiring an additional 615 shares during the period. Finally, State of Wyoming acquired a new stake in Hilton Grand Vacations during the 1st quarter worth about $48,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Price Performance

NYSE:HGV opened at $45.24 on Friday. Hilton Grand Vacations Inc. has a 12 month low of $30.59 and a 12 month high of $52.08. The stock has a 50 day moving average of $44.63 and a two-hundred day moving average of $42.33. The company has a current ratio of 4.43, a quick ratio of 2.77 and a debt-to-equity ratio of 4.31. The firm has a market cap of $4.03 billion, a P/E ratio of 82.25, a price-to-earnings-growth ratio of 4.05 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV) last posted 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 firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%.Hilton Grand Vacations’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. On average, analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its board has initiated a share repurchase plan on Wednesday, August 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Truist Financial lowered their price target on 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. 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. Morgan Stanley reissued an “overweight” rating and issued a $48.00 price objective on shares of Hilton Grand Vacations in a report on Wednesday. Zacks Research cut Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hilton Grand Vacations in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $54.71.

Insider Activity

In other news, insider Mark D. Wang sold 46,364 shares of the company’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 completion of the sale, the insider directly owned 801,681 shares in the company, valued at $37,951,578.54. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is 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.