Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,520 shares of the company's stock, valued at approximately $1,366,000.
A number of other large investors also recently bought and sold shares of the stock. Citigroup Inc. lifted its holdings in Hilton Grand Vacations by 196.5% in the first quarter. Citigroup Inc. now owns 253,874 shares of the company's stock valued at $9,497,000 after acquiring an additional 168,252 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Hilton Grand Vacations by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 917,221 shares of the company's stock valued at $34,313,000 after buying an additional 25,164 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Hilton Grand Vacations in the first quarter valued at approximately $223,000. Bayforest Capital Ltd purchased a new stake in shares of Hilton Grand Vacations in the first quarter valued at approximately $73,000. Finally, XTX Topco Ltd purchased a new stake in shares of Hilton Grand Vacations in the first quarter valued at approximately $1,757,000. 97.23% of the stock is owned by institutional investors and hedge funds.
Hilton Grand Vacations Price Performance
Shares of HGV traded down $0.3270 during trading hours on Thursday, hitting $43.3030. 926,657 shares of the stock were exchanged, compared to its average volume of 1,257,369. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.77 and a current ratio of 4.43. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $52.08. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 78.73, a price-to-earnings-growth ratio of 3.73 and a beta of 1.65. The stock's 50-day moving average price is $44.83 and its two-hundred day moving average price is $40.51.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.
Hilton Grand Vacations announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of analysts have recently commented on HGV shares. Mizuho boosted 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. Barclays boosted 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. Truist Financial cut their price objective on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday. 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. Finally, JMP Securities reiterated a "market outperform" rating and set a $50.00 price target on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.29.
Read Our Latest Analysis on HGV
About Hilton Grand Vacations
(
Free Report)
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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