Arrowstreet Capital Limited Partnership Takes $11.15 Million Position in Hilton Grand Vacations Inc. $HGV

Arrowstreet Capital Limited Partnership bought a new position 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. The institutional investor bought 268,418 shares of the company’s stock, valued at approximately $11,147,000. Arrowstreet Capital Limited Partnership owned 0.30% of Hilton Grand Vacations as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. North Peak Capital Management LLC grew its stake in Hilton Grand Vacations by 11.3% in the second quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company’s stock worth $282,825,000 after purchasing an additional 693,495 shares during the period. Norges Bank bought a new position in Hilton Grand Vacations during the 2nd quarter valued at approximately $23,163,000. Long Pond Capital LP raised its stake in Hilton Grand Vacations by 32.1% during the first quarter. Long Pond Capital LP now owns 1,829,495 shares of the company’s stock valued at $68,441,000 after buying an additional 444,240 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hilton Grand Vacations by 14.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,361,156 shares of the company’s stock worth $125,737,000 after acquiring an additional 425,925 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Hilton Grand Vacations in the first quarter worth $10,467,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Insider Transactions at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 30,426 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $41.81, for a total value of $1,272,111.06. Following the transaction, the insider owned 60,270 shares of the company’s stock, valued at approximately $2,519,888.70. The trade was a 33.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HGV. Zacks Research cut shares of Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Wells Fargo & Company began coverage on shares of Hilton Grand Vacations in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $42.00 price objective for the company. Truist Financial cut their target price on Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hilton Grand Vacations in a report on Monday. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $48.00 price objective on shares of Hilton Grand Vacations in a report on Wednesday, October 22nd. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hilton Grand Vacations has an average rating of “Hold” and an average price target of $52.75.

Hilton Grand Vacations Stock Up 0.5%

Shares of HGV stock opened at $41.78 on Wednesday. The company has a current ratio of 5.02, a quick ratio of 3.12 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 stock has a market cap of $3.57 billion, a P/E ratio of 75.97, a P/E/G ratio of 4.62 and a beta of 1.51. The company has a 50 day simple moving average of $41.83 and a two-hundred day simple moving average of $43.36.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.41). The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.37 billion. Hilton Grand Vacations had a net margin of 1.06% and a return on equity of 9.52%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. On average, research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations declared that its board has approved a stock repurchase program on Wednesday, August 13th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are 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.