Hilton Grand Vacations Inc. $HGV Shares Acquired by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its stake in Hilton Grand Vacations to 3,770,950 shares (a 1.2% rise), representing about 4.41% of the company and valued at roughly $157.7 million at the end of the quarter.
• Other large institutional moves include North Peak Capital (now 6.81M shares), Vanguard (6.79M shares) and new positions from Norges Bank and Arrowstreet, leaving about 97.23% of HGV owned by hedge funds and institutional investors.
• HGV recently missed quarterly expectations (EPS $0.88 vs. $1.05; revenue $1.33B vs. $1.38B), trades near $43.24 with a market cap of $3.52B, and carries a consensus Wall Street rating of "Hold" with an average target price of $52.33.

Dimensional Fund Advisors LP lifted its holdings in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 1.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,770,950 shares of the company's stock after purchasing an additional 43,083 shares during the period. Dimensional Fund Advisors LP owned approximately 4.41% of Hilton Grand Vacations worth $157,675,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HGV. North Peak Capital Management LLC lifted its holdings in Hilton Grand Vacations by 11.3% during the 2nd quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company's stock worth $282,825,000 after buying an additional 693,495 shares in the last quarter. Norges Bank acquired a new position in shares of Hilton Grand Vacations in the second quarter worth $23,163,000. Vanguard Group Inc. grew its stake in shares of Hilton Grand Vacations by 7.3% in the third quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company's stock worth $283,849,000 after acquiring an additional 464,618 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Hilton Grand Vacations during the second quarter worth $11,147,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Hilton Grand Vacations by 2,637.2% during the third quarter. Assenagon Asset Management S.A. now owns 221,932 shares of the company's stock worth $9,279,000 after acquiring an additional 213,824 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $43.24 on Tuesday. Hilton Grand Vacations Inc. has a 12 month low of $30.59 and a 12 month high of $52.08. The company has a debt-to-equity ratio of 5.04, a current ratio of 5.20 and a quick ratio of 3.17. The firm has a market capitalization of $3.52 billion, a PE ratio of 47.52, a price-to-earnings-growth ratio of 0.60 and a beta of 1.43. The business's fifty day moving average price is $46.16 and its 200 day moving average price is $44.38.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.17). The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.38 billion. Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. On average, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HGV. Mizuho decreased their target price on Hilton Grand Vacations from $73.00 to $69.00 and set an "outperform" rating for the company in a report on Friday, February 27th. Jefferies Financial Group upped their price target on Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a "hold" rating in a report on Monday, March 2nd. Weiss Ratings raised Hilton Grand Vacations from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, February 17th. Zacks Research cut Hilton Grand Vacations from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 3rd. Finally, Citizens Jmp upped their target price on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a "market outperform" rating in a research note on Monday. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $52.33.

About Hilton Grand Vacations

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.

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