Charles Schwab Investment Management Inc. Has $34.31 Million Stock Position in Hilton Grand Vacations Inc. $HGV

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Hilton Grand Vacations Inc. by 2.8%, owning about 1.00% of the company worth $34.3 million after acquiring additional shares in the first quarter.
• Hilton Grand Vacations reported $0.54 earnings per share, missing analysts' estimates of $0.78, with a quarterly revenue of $1.27 billion compared to expectations of $1.38 billion.
• Several analysts have set a target price for Hilton Grand Vacations ranging from $38.00 to $76.00, with the average target price at $53.43 and an average rating of "Moderate Buy."

Charles Schwab Investment Management Inc. lifted its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 917,221 shares of the company's stock after buying an additional 25,164 shares during the period. Charles Schwab Investment Management Inc. owned about 1.00% of Hilton Grand Vacations worth $34,313,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Nantahala Capital Management LLC increased its holdings in Hilton Grand Vacations by 131.8% during the 4th quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company's stock worth $67,422,000 after purchasing an additional 984,166 shares in the last quarter. GRS Advisors LLC bought a new position in Hilton Grand Vacations during the 4th quarter worth about $24,414,000. Dimensional Fund Advisors LP increased its holdings in Hilton Grand Vacations by 21.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock worth $114,329,000 after purchasing an additional 512,362 shares in the last quarter. Millennium Management LLC increased its holdings in Hilton Grand Vacations by 27.7% during the 4th quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock worth $79,664,000 after purchasing an additional 443,353 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Hilton Grand Vacations by 62.6% during the 4th quarter. Squarepoint Ops LLC now owns 493,474 shares of the company's stock worth $19,221,000 after purchasing an additional 189,934 shares in the last quarter. Institutional investors own 97.23% of the company's stock.

Wall Street Analysts Forecast Growth

HGV has been the subject of a number of research reports. Truist Financial lowered their target price on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a report on Thursday. JMP Securities reiterated a "market outperform" rating and set a $50.00 target price on shares of Hilton Grand Vacations in a report on Monday, May 5th. Barclays increased their target price 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. The Goldman Sachs Group reiterated a "sell" rating and set a $39.00 target price on shares of Hilton Grand Vacations in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft set a $59.00 target price on Hilton Grand Vacations and gave the stock a "buy" rating in a report on Monday, August 4th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.29.

Hilton Grand Vacations Stock Up 7.5%

Shares of Hilton Grand Vacations stock traded up $3.2710 during trading hours on Friday, reaching $46.6610. 1,450,594 shares of the company's stock were exchanged, compared to its average volume of 1,252,871. The company has a 50 day moving average of $45.00 and a two-hundred day moving average of $40.54. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $52.08. 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 market cap of $4.16 billion, a P/E ratio of 84.84, a P/E/G ratio of 4.00 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted 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). Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%.The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company earned $0.62 earnings per share. The company's quarterly revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 13th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board 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.