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 decreased its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 27.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & 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 about 0.05% of Hilton Grand Vacations worth $1,757,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $1,585,000 after purchasing an additional 303 shares during the period. Covey Capital Advisors LLC boosted its stake in Hilton Grand Vacations by 0.8% during the 1st quarter. Covey Capital Advisors LLC now owns 44,599 shares of the company's stock valued at $1,668,000 after purchasing an additional 357 shares during the period. Fifth Third Bancorp lifted its position in shares of Hilton Grand Vacations by 8.8% in the 1st quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock worth $168,000 after acquiring an additional 364 shares during the period. Signaturefd LLC lifted its position in shares of Hilton Grand Vacations by 136.9% in the 1st quarter. Signaturefd LLC now owns 860 shares of the company's stock worth $32,000 after acquiring an additional 497 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Hilton Grand Vacations by 106.8% in the 1st 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 period. Institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Trading Up 0.5%

Shares of NYSE:HGV traded up $0.23 during midday trading on Wednesday, hitting $45.68. The company had a trading volume of 112,560 shares, compared to its average volume of 1,025,871. Hilton Grand Vacations Inc. has a 12 month low of $30.59 and a 12 month high of $52.08. The company has a current ratio of 4.43, a quick ratio of 2.77 and a debt-to-equity ratio of 4.31. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 83.11, a PEG ratio of 3.88 and a beta of 1.67. The firm has a fifty day simple moving average of $46.67 and a 200 day simple moving average of $41.11.

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

Hilton Grand Vacations declared that its board has authorized a stock buyback program on Wednesday, August 13th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

HGV has been the subject of a number of research reports. Truist Financial reduced 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, August 21st. The Goldman Sachs Group reissued a "sell" rating and issued a $39.00 target price on shares of Hilton Grand Vacations in a report on Friday, August 1st. Barclays raised their price target on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $59.00 price target on Hilton Grand Vacations and gave the company a "buy" rating in a report on Monday, August 4th. Finally, Mizuho raised their price target on Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.29.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of Hilton Grand Vacations stock in a transaction dated 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 transaction, the insider directly owned 801,681 shares in the company, valued at approximately $37,951,578.54. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company's stock.

About Hilton Grand Vacations

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.