Breach Inlet Capital Management LLC Has $24.19 Million Position in Hilton Grand Vacations Inc. $HGV

Key Points

• Breach Inlet Capital Management LLC increased its stake in **Hilton Grand Vacations Inc.** by **57.3%**, making it the company's largest shareholder with **646,656 shares** valued at **$24.2 million**.
• Hilton Grand Vacations reported a **net income of $0.54** per share for the last quarter, falling short of analysts' expectations of **$0.78**, while revenue reached **$1.27 billion** but was below the estimated **$1.38 billion**.
• Several brokerages have updated their ratings on Hilton Grand Vacations, with Deutsche Bank setting a target price of **$59** and Mizuho increasing theirs to **$76**, while Goldman Sachs maintains a **sell** rating with a target of **$39**.

Breach Inlet Capital Management LLC boosted its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 57.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 646,656 shares of the company's stock after acquiring an additional 235,602 shares during the period. Hilton Grand Vacations accounts for about 13.8% of Breach Inlet Capital Management LLC's investment portfolio, making the stock its largest holding. Breach Inlet Capital Management LLC owned about 0.71% of Hilton Grand Vacations worth $24,191,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in Hilton Grand Vacations by 262.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 50,342 shares of the company's stock valued at $1,883,000 after acquiring an additional 36,465 shares during the period. Deutsche Bank AG lifted its position in Hilton Grand Vacations by 17.1% during the 4th quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock valued at $5,430,000 after acquiring an additional 20,398 shares during the period. Point72 Asset Management L.P. purchased a new position in Hilton Grand Vacations during the 4th quarter valued at about $311,000. GAMMA Investing LLC lifted its position in Hilton Grand Vacations by 9,418.9% during the 1st quarter. GAMMA Investing LLC now owns 17,134 shares of the company's stock valued at $6,410,000 after acquiring an additional 16,954 shares during the period. Finally, Nuveen LLC purchased a new position in Hilton Grand Vacations during the 1st quarter valued at about $10,467,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

Shares of HGV stock traded down $0.92 during trading hours on Friday, reaching $47.07. The company had a trading volume of 742,404 shares, compared to its average volume of 1,130,904. The business has a fifty day moving average price of $46.42 and a 200-day moving average price of $40.89. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $52.08. The firm has a market cap of $4.19 billion, a PE ratio of 85.58, a price-to-earnings-growth ratio of 4.01 and a beta of 1.67. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.77 and a current ratio of 4.43.

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 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 firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company posted $0.62 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. Sell-side analysts predict 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 stock repurchase plan on Wednesday, August 13th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group reissued a "sell" rating and set a $39.00 price target on shares of Hilton Grand Vacations in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $59.00 target price on shares of Hilton Grand Vacations and gave the stock a "buy" rating in a report on Monday, August 4th. Barclays lifted their target price on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Truist Financial decreased their target price on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, August 21st. Finally, Mizuho lifted their target price on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. 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 stock. According to MarketBeat, the company presently 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 the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total value of $2,194,871.76. Following the transaction, the insider owned 801,681 shares of the company's stock, valued at approximately $37,951,578.54. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company's stock.

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.