Dimensional Fund Advisors LP Buys 425,925 Shares of Hilton Grand Vacations Inc. $HGV

Key Points

• Dimensional Fund Advisors LP increased its holdings in Hilton Grand Vacations Inc. by 14.5%, owning over 3.36 million shares valued at approximately $125.7 million as of the end of the first quarter.
• Several institutional investors also expanded their stakes in Hilton Grand Vacations, contributing to over 97% of the stock being owned by hedge funds and other institutional investors.
• Analysts have provided varying target prices for Hilton Grand Vacations stock, with Barclays and Deutsche Bank setting new price objectives at $49.00 and $59.00, respectively, reflecting a consensus target price of $53.29.

Dimensional Fund Advisors LP raised its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 14.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,361,156 shares of the company's stock after buying an additional 425,925 shares during the period. Dimensional Fund Advisors LP owned about 3.67% of Hilton Grand Vacations worth $125,737,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HGV. CAS Investment Partners LLC raised its stake in shares of Hilton Grand Vacations by 2.0% during the fourth quarter. CAS Investment Partners LLC now owns 6,492,344 shares of the company's stock valued at $252,877,000 after acquiring an additional 129,333 shares during the last quarter. Parsifal Capital Management LP raised its position in Hilton Grand Vacations by 1.8% during the 4th quarter. Parsifal Capital Management LP now owns 3,475,861 shares of the company's stock valued at $135,385,000 after purchasing an additional 62,346 shares during the last quarter. Millennium Management LLC lifted its holdings in Hilton Grand Vacations by 27.7% in the 4th quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock worth $79,664,000 after buying an additional 443,353 shares during the period. Nantahala Capital Management LLC grew its position in shares of Hilton Grand Vacations by 131.8% in the 4th quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company's stock worth $67,422,000 after buying an additional 984,166 shares during the last quarter. Finally, Mudita Advisors LLP increased its stake in shares of Hilton Grand Vacations by 4.8% during the fourth quarter. Mudita Advisors LLP now owns 960,965 shares of the company's stock valued at $37,430,000 after buying an additional 44,200 shares during the period. Hedge funds and other institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Stock Down 1.0%

Shares of NYSE:HGV traded down $0.4620 during midday trading on Monday, reaching $46.2780. The company's stock had a trading volume of 1,116,623 shares, compared to its average volume of 1,043,517. The company has a quick ratio of 2.77, a current ratio of 4.43 and a debt-to-equity ratio of 4.31. The firm has a 50 day moving average of $45.00 and a 200-day moving average of $40.53. The firm has a market capitalization of $4.12 billion, a P/E ratio of 84.14, a PEG ratio of 3.98 and a beta of 1.65. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $52.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.54 earnings per share (EPS) 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 business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the business earned $0.62 earnings per share. The company's revenue was up 2.5% on a year-over-year basis. On average, research analysts anticipate 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 approved a share repurchase program on Wednesday, August 13th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Truist Financial dropped their price target on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $39.00 target price on shares of Hilton Grand Vacations in a research report on Friday, August 1st. Mizuho boosted their price target on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $59.00 price target on shares of Hilton Grand Vacations and gave the stock a "buy" rating in a research note on Monday, August 4th. Finally, Barclays lifted 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. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Hilton Grand Vacations has a consensus rating of "Moderate Buy" and an average target price of $53.29.

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.