Dimensional Fund Advisors LP Has $125.74 Million Position in 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 lifted its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 14.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,361,156 shares of the company's stock after acquiring an additional 425,925 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.67% of Hilton Grand Vacations worth $125,737,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HGV. Signaturefd LLC raised its position in shares of Hilton Grand Vacations by 136.9% during the first quarter. Signaturefd LLC now owns 860 shares of the company's stock worth $32,000 after acquiring an additional 497 shares during the last quarter. UMB Bank n.a. raised its position in shares of Hilton Grand Vacations by 106.8% during the first quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock worth $40,000 after acquiring an additional 550 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Hilton Grand Vacations during the first quarter worth $73,000. Bayforest Capital Ltd acquired a new stake in shares of Hilton Grand Vacations during the first quarter worth $73,000. Finally, Fifth Third Bancorp grew its stake in shares of Hilton Grand Vacations by 8.8% during the first quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock worth $168,000 after purchasing an additional 364 shares during the period. Institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Trading Down 0.1%

NYSE:HGV traded down $0.03 on Wednesday, reaching $47.27. The company's stock had a trading volume of 938,437 shares, compared to its average volume of 1,318,930. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $52.08. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.77 and a current ratio of 4.43. The firm has a market cap of $4.21 billion, a PE ratio of 85.94, a PEG ratio of 4.03 and a beta of 1.65. The business's 50-day moving average price is $45.46 and its two-hundred day moving average price is $40.65.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The firm's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. Equities research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations declared that its board has authorized a stock repurchase program on Wednesday, August 13th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages recently commented on HGV. Barclays lifted their price objective on Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Truist Financial decreased their price objective on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, August 21st. Mizuho lifted their price objective on Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note 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 note on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft set a $59.00 target price on Hilton Grand Vacations and gave the company a "buy" rating in a research note on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Hilton Grand Vacations has a consensus rating of "Moderate Buy" and an average price target 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.