Bamco Inc. NY Purchases New Holdings in Hilton Grand Vacations Inc. $HGV

Bamco Inc. NY acquired a new position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 110,200 shares of the company's stock, valued at approximately $5,771,000. Bamco Inc. NY owned 0.14% of Hilton Grand Vacations as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in Hilton Grand Vacations during the second quarter valued at $12,947,000. Jupiter Topco LLC acquired a new stake in Hilton Grand Vacations during the 2nd quarter worth about $5,536,000. Ancora Advisors LLC acquired a new stake in Hilton Grand Vacations during the 2nd quarter worth about $199,000. Legal & General Group Plc purchased a new position in Hilton Grand Vacations during the 2nd quarter valued at about $4,084,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Hilton Grand Vacations during the 2nd quarter valued at about $2,783,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HGV shares. Zacks Research downgraded shares of Hilton Grand Vacations from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 9th. Susquehanna assumed coverage on shares of Hilton Grand Vacations in a research note on Tuesday, August 18th. They set a "neutral" rating and a $50.00 target price for the company. The Goldman Sachs Group decreased their target price on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Wall Street Zen cut shares of Hilton Grand Vacations from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Mizuho dropped their price target on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $54.89.

Insider Activity at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 20,691 shares of the business's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the completion of the sale, the insider directly owned 47,924 shares in the company, valued at approximately $2,247,635.60. The trade was a 30.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

Hilton Grand Vacations Stock Performance

HGV stock opened at $43.71 on Friday. The company has a quick ratio of 3.20, a current ratio of 5.02 and a debt-to-equity ratio of 6.18. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 0.44 and a beta of 1.53. Hilton Grand Vacations Inc. has a 12 month low of $36.79 and a 12 month high of $55.40. The firm has a 50 day moving average of $48.65 and a two-hundred day moving average of $46.97.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.05). The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. Hilton Grand Vacations's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $0.54 earnings per share. As a group, equities analysts anticipate that Hilton Grand Vacations Inc. will post 4.61 EPS for the current fiscal year.

Hilton Grand Vacations declared that its Board of Directors has approved a stock repurchase program on Thursday, August 20th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 17% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Hilton Grand Vacations 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.

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