Assenagon Asset Management S.A. Has $337,000 Stock Holdings in Hilton Grand Vacations Inc. $HGV

Key Points

• Assenagon Asset Management S.A. significantly reduced its stake in Hilton Grand Vacations by 83.9%, now holding 8,108 shares valued at approximately $337,000.
• The company's quarterly earnings report revealed an EPS of $0.54, missing analysts' estimates by $0.24, with revenues of $1.27 billion, below the expected $1.38 billion.
• Hilton Grand Vacations has been rated as a "Moderate Buy" by analysts, with a consensus target price of $53.29 amid mixed rating changes from prominent research firms.

Assenagon Asset Management S.A. decreased its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 83.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,108 shares of the company's stock after selling 42,234 shares during the period. Assenagon Asset Management S.A.'s holdings in Hilton Grand Vacations were worth $337,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HGV. Signaturefd LLC boosted its holdings in Hilton Grand Vacations by 136.9% during the first quarter. Signaturefd LLC now owns 860 shares of the company's stock worth $32,000 after buying an additional 497 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Hilton Grand Vacations by 106.8% during the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock valued at $40,000 after purchasing an additional 550 shares in the last quarter. State of Wyoming bought a new position in shares of Hilton Grand Vacations during the 1st quarter valued at about $48,000. FNY Investment Advisers LLC bought a new position in shares of Hilton Grand Vacations during the 1st quarter valued at about $73,000. Finally, Bayforest Capital Ltd bought a new position in shares of Hilton Grand Vacations during the 1st quarter valued at about $73,000. Institutional investors own 97.23% of the company's stock.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of the business's stock in a transaction 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 sale, the insider directly owned 801,681 shares in the company, valued at $37,951,578.54. The trade was a 5.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.70% of the company's stock.

Hilton Grand Vacations Trading Up 1.2%

NYSE HGV opened at $43.42 on Monday. The business has a 50 day simple moving average of $46.09 and a 200 day simple moving average of $41.41. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $52.08. The stock has a market capitalization of $3.87 billion, a P/E ratio of 78.95, a P/E/G ratio of 3.70 and a beta of 1.67. The company has a debt-to-equity ratio of 4.31, a current ratio of 4.43 and a quick ratio of 2.77.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The company's revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS. 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 buyback program on Wednesday, August 13th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have recently weighed in on HGV. Truist Financial cut their price objective 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. The Goldman Sachs Group restated a "sell" rating and issued a $39.00 target price on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Mizuho boosted their target price on Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Barclays boosted their target price on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft set a $59.00 target price on Hilton Grand Vacations and gave the company a "buy" rating in a research note on Monday, August 4th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.29.

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.

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