Hilton Grand Vacations Inc. $HGV Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 2,637.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 221,932 shares of the company’s stock after buying an additional 213,824 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.25% of Hilton Grand Vacations worth $9,279,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Sender Co & Partners Inc. bought a new position in Hilton Grand Vacations in the first quarter worth about $488,000. Nuveen LLC bought a new position in shares of Hilton Grand Vacations during the first quarter valued at approximately $10,467,000. Invesco Ltd. lifted its holdings in shares of Hilton Grand Vacations by 1.7% in the 1st quarter. Invesco Ltd. now owns 366,032 shares of the company’s stock worth $13,693,000 after purchasing an additional 5,960 shares during the last quarter. PB Investment Partners L.P. boosted its position in Hilton Grand Vacations by 6.7% during the 2nd quarter. PB Investment Partners L.P. now owns 610,098 shares of the company’s stock valued at $25,337,000 after purchasing an additional 38,540 shares during the period. Finally, Breach Inlet Capital Management LLC grew its stake in Hilton Grand Vacations by 57.3% during the 1st quarter. Breach Inlet Capital Management LLC now owns 646,656 shares of the company’s stock worth $24,191,000 after buying an additional 235,602 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Up 1.8%

HGV stock opened at $45.44 on Friday. The firm’s 50-day moving average is $42.11 and its two-hundred day moving average is $43.66. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 82.61, a price-to-earnings-growth ratio of 5.04 and a beta of 1.51. Hilton Grand Vacations Inc. has a 52 week low of $30.59 and a 52 week high of $52.08. 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 (NYSE:HGV) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.41). Hilton Grand Vacations had a net margin of 1.06% and a return on equity of 9.52%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the business earned $0.67 EPS. Hilton Grand Vacations’s revenue was down .5% compared to the same quarter last year. On average, analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 30,426 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $41.81, for a total value of $1,272,111.06. Following the completion of the sale, the insider owned 60,270 shares in the company, valued at $2,519,888.70. This represents a 33.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wells Fargo & Company began coverage on Hilton Grand Vacations in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $42.00 target price on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hilton Grand Vacations in a research report on Monday, December 15th. Morgan Stanley reissued an “overweight” rating and set a $48.00 target price on shares of Hilton Grand Vacations in a research note on Wednesday, October 22nd. Truist Financial dropped their price target on shares of 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. Finally, Zacks Research cut Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $52.75.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.