PEAK6 LLC Makes New $366,000 Investment in Hilton Grand Vacations Inc. $HGV

Key Points

• PEAK6 LLC purchased 9,783 shares of Hilton Grand Vacations Inc. (NYSE:HGV), valued at approximately $366,000, marking a new stake in the company.
• Research analyst ratings show a consensus of "Moderate Buy" for HGV, with a target price of $53.29 and several firms adjusting their price objectives recently.
• Insider Mark D. Wang sold 46,364 shares of HGV at an average price of $47.34, resulting in a decrease of 5.47% in his position within the company.

PEAK6 LLC bought a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,783 shares of the company's stock, valued at approximately $366,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in shares of Hilton Grand Vacations by 262.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 50,342 shares of the company's stock valued at $1,883,000 after purchasing an additional 36,465 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Hilton Grand Vacations by 17.1% during the 4th quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock valued at $5,430,000 after purchasing an additional 20,398 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Hilton Grand Vacations during the 4th quarter valued at about $311,000. GAMMA Investing LLC boosted its stake in Hilton Grand Vacations by 9,418.9% during the first quarter. GAMMA Investing LLC now owns 17,134 shares of the company's stock worth $6,410,000 after acquiring an additional 16,954 shares in the last quarter. Finally, Nuveen LLC bought a new position in Hilton Grand Vacations during the first quarter worth $10,467,000. Institutional investors own 97.23% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HGV shares. Deutsche Bank Aktiengesellschaft set a $59.00 target price on shares of Hilton Grand Vacations and gave the stock a "buy" rating in a research note on Monday, August 4th. Mizuho increased their target price on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Truist Financial cut their price target on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, August 21st. Barclays increased their price target on Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group reiterated a "sell" rating and issued a $39.00 price target on shares of Hilton Grand Vacations in a report on Friday, August 1st. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.29.

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Mark D. Wang sold 46,364 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $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 available at this link. 2.70% of the stock is owned by insiders.

Hilton Grand Vacations Stock Up 1.6%

Shares of HGV traded up $0.74 during trading hours on Thursday, reaching $47.81. 383,304 shares of the stock traded hands, compared to its average volume of 1,039,409. 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 stock has a fifty day simple moving average of $46.17 and a 200 day simple moving average of $40.84. Hilton Grand Vacations Inc. has a 52 week low of $30.59 and a 52 week high of $52.08. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 86.97, a PEG ratio of 4.05 and a beta of 1.67.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Hilton Grand Vacations announced that its Board of Directors has approved a share buyback program on Wednesday, August 13th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is 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.