Hilton Grand Vacations Inc. $HGV Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Hilton Grand Vacations by 24.1%, now owning approximately $2.97 million worth of the company.
• Analysts have set varying price targets for Hilton Grand Vacations, with Deutsche Bank setting a target of $59.00 and Goldman Sachs at $39.00, reflecting mixed sentiment in the market.
• Insider Mark D. Wang sold 46,364 shares at an average price of $47.34, representing a 5.47% decrease in his position within the company.

Voya Investment Management LLC boosted its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 24.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 79,487 shares of the company's stock after buying an additional 15,417 shares during the quarter. Voya Investment Management LLC owned 0.09% of Hilton Grand Vacations worth $2,974,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC grew its stake in shares of Hilton Grand Vacations by 136.9% during the 1st quarter. Signaturefd LLC now owns 860 shares of the company's stock worth $32,000 after purchasing an additional 497 shares during the period. UMB Bank n.a. grew its stake in shares of Hilton Grand Vacations by 106.8% during the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock worth $40,000 after purchasing an additional 550 shares during the period. State of Wyoming acquired a new stake in shares of Hilton Grand Vacations during the 1st quarter worth approximately $48,000. FNY Investment Advisers LLC acquired a new stake in shares of Hilton Grand Vacations during the 1st quarter worth approximately $73,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Hilton Grand Vacations during the 1st quarter worth approximately $73,000. Institutional investors and hedge funds own 97.23% of the company's stock.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Mark D. Wang sold 46,364 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider owned 801,681 shares in the company, valued at $37,951,578.54. This trade represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HGV has been the topic of a number of analyst reports. Mizuho raised their price objective on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Barclays lifted their price target on shares of 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. Deutsche Bank Aktiengesellschaft set a $59.00 price target on shares of Hilton Grand Vacations and gave the company a "buy" rating in a research note on Monday, August 4th. Finally, Truist Financial lowered their target price on shares of 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. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $53.29.

Hilton Grand Vacations Price Performance

NYSE:HGV traded up $0.33 during trading hours on Tuesday, hitting $43.93. The company's stock had a trading volume of 148,838 shares, compared to its average volume of 1,026,597. The business's 50-day moving average is $46.39 and its two-hundred day moving average is $41.20. The company has a market capitalization of $3.91 billion, a PE ratio of 79.88, a PEG ratio of 3.79 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 Inc. has a 52-week low of $30.59 and a 52-week high of $52.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.38 billion. Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%.The company's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. As a group, research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Hilton Grand Vacations declared that its Board of Directors has authorized a share repurchase plan on Wednesday, August 13th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

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.