Deutsche Bank AG acquired a new stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 134,827 shares of the company's stock, valued at approximately $7,061,000. Deutsche Bank AG owned 0.17% of Hilton Grand Vacations as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in HGV. Persistent Asset Partners Ltd acquired a new position in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $63,000. Bard Associates Inc. acquired a new stake in Hilton Grand Vacations during the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC lifted its holdings in Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company's stock valued at $27,000 after purchasing an additional 565 shares during the last quarter. Leonteq Securities AG boosted its position in Hilton Grand Vacations by 189.7% during the first quarter. Leonteq Securities AG now owns 672 shares of the company's stock worth $26,000 after purchasing an additional 440 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Hilton Grand Vacations during the fourth quarter worth $44,000. 97.23% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on HGV. Zacks Research lowered shares of Hilton Grand Vacations from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 9th. Truist Financial lifted their target price on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a "buy" rating in a report on Monday, May 18th. Susquehanna assumed coverage on shares of Hilton Grand Vacations in a research note on Tuesday, August 18th. They issued a "neutral" rating and a $50.00 price target on the stock. The Goldman Sachs Group decreased their price target on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. Finally, Barclays lowered their price target on shares of Hilton Grand Vacations from $51.00 to $46.00 and set an "equal weight" rating on the stock in a report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $54.89.
Get Our Latest Report on Hilton Grand Vacations
Insider Transactions at Hilton Grand Vacations
In related news, insider Mark D. Wang sold 190,813 shares of the firm's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the transaction, the insider directly owned 904,241 shares of the company's stock, valued at approximately $46,957,235.13. This trade represents a 17.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles R. Jr. Corbin sold 20,691 shares of Hilton Grand Vacations stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $46.90, for a total transaction of $970,407.90. Following the completion of the sale, the insider owned 47,924 shares of the company's stock, valued at $2,247,635.60. This trade represents a 30.16% decrease in their position. The SEC filing for this sale provides additional information. 3.10% of the stock is currently owned by company insiders.
Hilton Grand Vacations Stock Performance
Shares of NYSE HGV opened at $45.39 on Tuesday. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20. The stock's fifty day moving average price is $49.10 and its two-hundred day moving average price is $47.02. Hilton Grand Vacations Inc. has a one year low of $36.79 and a one year high of $55.40. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 0.44 and a beta of 1.53.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. On average, equities analysts forecast that Hilton Grand Vacations Inc. will post 4.61 EPS for the current year.
Hilton Grand Vacations announced that its Board of Directors has initiated a stock repurchase plan on Thursday, August 20th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the company to purchase up to 17% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.
Hilton Grand Vacations Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Hilton Grand Vacations, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hilton Grand Vacations wasn't on the list.
While Hilton Grand Vacations currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
