Great Lakes Advisors LLC Has $1.76 Million Stake in Hilton Grand Vacations Inc. $HGV

Key Points

• Great Lakes Advisors LLC has reduced its position in Hilton Grand Vacations by 27.7%, owning approximately 46,956 shares after selling 17,995 shares in the first quarter.
• Several institutional investors have increased their stakes in Hilton Grand Vacations, with Signaturefd LLC and UMB Bank n.a. boosting their positions by 136.9% and 106.8% respectively.
• Hilton Grand Vacations reported an earnings per share (EPS) of $0.54, which missed the consensus estimate of $0.78, along with a 2.5% year-over-year revenue increase.

Great Lakes Advisors LLC lessened its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 27.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,956 shares of the company's stock after selling 17,995 shares during the quarter. Great Lakes Advisors LLC owned 0.05% of Hilton Grand Vacations worth $1,757,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HGV. Ameriprise Financial Inc. raised its stake in Hilton Grand Vacations by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 101,454 shares of the company's stock worth $3,952,000 after buying an additional 10,846 shares during the period. Deutsche Bank AG raised its stake in Hilton Grand Vacations by 17.1% during the 4th quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock worth $5,430,000 after buying an additional 20,398 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Hilton Grand Vacations by 0.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company's stock worth $1,585,000 after buying an additional 303 shares during the period. Millennium Management LLC raised its stake in Hilton Grand Vacations by 27.7% during 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. Finally, Nuveen Asset Management LLC raised its stake in shares of Hilton Grand Vacations by 36.8% in the 4th quarter. Nuveen Asset Management LLC now owns 288,599 shares of the company's stock valued at $11,241,000 after purchasing an additional 77,584 shares during the period. Institutional investors and hedge funds own 97.23% of the company's stock.

Insider Activity

In other news, insider Mark D. Wang sold 46,364 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the completion of the sale, the insider owned 801,681 shares in the company, valued at $37,951,578.54. The trade was a 5.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays lifted their price target on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. The Goldman Sachs Group reissued a "sell" rating and issued a $39.00 price target on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Truist Financial dropped their price target on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, August 21st. Mizuho lifted their price target on Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft set a $59.00 price objective on Hilton Grand Vacations and gave the company a "buy" rating in a report on Monday, August 4th. Five research 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.29.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock traded up $0.31 during midday trading on Monday, reaching $45.52. 749,025 shares of the company's stock were exchanged, compared to its average volume of 1,033,418. Hilton Grand Vacations Inc. has a 52 week low of $30.59 and a 52 week 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 $4.05 billion, a price-to-earnings ratio of 82.76, a P/E/G ratio of 3.85 and a beta of 1.67. The stock's 50-day simple moving average is $46.67 and its 200 day simple moving average is $41.06.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business posted $0.62 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 13th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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.