4,944 Shares in Hilton Grand Vacations Inc. $HGV Bought by Ethic Inc.

Ethic Inc. acquired a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,944 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HGV. Covey Capital Advisors LLC lifted its holdings in shares of Hilton Grand Vacations by 0.8% in 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 last quarter. Signaturefd LLC raised 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 period. CWM LLC lifted its stake in Hilton Grand Vacations by 69.8% in the second quarter. CWM LLC now owns 1,277 shares of the company’s stock worth $53,000 after purchasing an additional 525 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Hilton Grand Vacations by 1.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock valued at $1,545,000 after buying an additional 615 shares during the period. Finally, State of Wyoming purchased a new position in shares of Hilton Grand Vacations during the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Price Performance

HGV opened at $41.47 on Friday. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 75.41, a PEG ratio of 3.68 and a beta of 1.65. The company has a current ratio of 5.02, a quick ratio of 2.77 and a debt-to-equity ratio of 4.67. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $52.08. The business’s fifty day simple moving average is $44.53 and its 200-day simple moving average is $42.63.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.41). Hilton Grand Vacations had a return on equity of 9.52% and a net margin of 1.06%.The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the company earned $0.67 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities research 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 has authorized a share repurchase program on Wednesday, August 13th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HGV shares. Morgan Stanley reissued an “overweight” rating and set a $48.00 price target on shares of Hilton Grand Vacations in a research note on Wednesday, October 22nd. Mizuho increased 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. Barclays lifted their target price on 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. Truist Financial cut their price target on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. Finally, 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. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Hilton Grand Vacations has an average rating of “Hold” and a consensus target price of $54.71.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Mark D. Wang sold 46,364 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the transaction, the insider directly owned 801,681 shares in the company, valued at approximately $37,951,578.54. This trade 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 accessible through this link. Insiders own 2.30% 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.