Citigroup Inc. Purchases 168,252 Shares of Hilton Grand Vacations Inc. $HGV

Key Points

• Citigroup Inc. significantly increased its stake in Hilton Grand Vacations Inc. by 196.5%, owning 253,874 shares valued at approximately $9.5 million by the end of Q1.
• Multiple institutional investors have ramped up their positions in Hilton Grand Vacations, with a combined 97.23% of the company's stock now held by hedge funds and institutions.
• Research analysts have mixed ratings on the stock, with an average target price of $53.43, reflecting recent price target adjustments from firms such as Barclays and Deutsche Bank.

Citigroup Inc. raised its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 196.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 253,874 shares of the company's stock after acquiring an additional 168,252 shares during the period. Citigroup Inc. owned approximately 0.28% of Hilton Grand Vacations worth $9,497,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. CAS Investment Partners LLC grew its stake in shares of Hilton Grand Vacations by 2.0% in the fourth quarter. CAS Investment Partners LLC now owns 6,492,344 shares of the company's stock worth $252,877,000 after acquiring an additional 129,333 shares during the last quarter. Parsifal Capital Management LP grew its stake in shares of Hilton Grand Vacations by 1.8% in the fourth quarter. Parsifal Capital Management LP now owns 3,475,861 shares of the company's stock worth $135,385,000 after acquiring an additional 62,346 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hilton Grand Vacations by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock worth $114,329,000 after acquiring an additional 512,362 shares during the last quarter. Millennium Management LLC boosted its position in shares of Hilton Grand Vacations by 27.7% during the fourth quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock valued at $79,664,000 after buying an additional 443,353 shares during the last quarter. Finally, Nantahala Capital Management LLC boosted its position in shares of Hilton Grand Vacations by 131.8% during the fourth quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company's stock valued at $67,422,000 after buying an additional 984,166 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

HGV stock traded down $0.3270 during trading on Thursday, reaching $43.3030. The stock had a trading volume of 926,657 shares, compared to its average volume of 1,257,369. Hilton Grand Vacations Inc. has a 52 week low of $30.59 and a 52 week high of $52.08. The stock's 50 day moving average is $44.83 and its two-hundred day moving average is $40.51. 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 firm has a market cap of $3.86 billion, a PE ratio of 78.73, a PEG ratio of 3.73 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company posted $0.62 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations declared that its board has authorized a share repurchase plan on Wednesday, August 13th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently commented on HGV. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on Hilton Grand Vacations and gave the company a "buy" rating in a research report on Monday, August 4th. Barclays increased their price objective on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. JMP Securities reaffirmed a "market outperform" rating and set a $50.00 price objective on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Mizuho increased their price objective on Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $39.00 price objective on shares of Hilton Grand Vacations in a research report on Friday, August 1st. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.