Hilton Grand Vacations Inc. $HGV Holdings Cut by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly reduced its stake in Hilton Grand Vacations by 56.7%, selling 13,732 shares and leaving it with 10,483 shares valued at $392,000.
• Hilton Grand Vacations reported earnings per share (EPS) of $0.54 for the quarter, missing analysts' estimates by $0.24, and generated $1.27 billion in revenue, below expectations of $1.38 billion.
• The company's board has initiated a share repurchase program, indicating management believes the stock is undervalued, amidst a market capitalization of $4.21 billion and various analysts giving mixed target price evaluations.

AlphaQuest LLC cut its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 56.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,483 shares of the company's stock after selling 13,732 shares during the period. AlphaQuest LLC's holdings in Hilton Grand Vacations were worth $392,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Hilton Grand Vacations by 262.8% in the first 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 in the last quarter. Deutsche Bank AG lifted its stake in Hilton Grand Vacations by 17.1% during the fourth quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock valued at $5,430,000 after purchasing an additional 20,398 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Hilton Grand Vacations during the fourth quarter valued at approximately $311,000. GAMMA Investing LLC lifted its stake in Hilton Grand Vacations by 9,418.9% during the first quarter. GAMMA Investing LLC now owns 17,134 shares of the company's stock valued at $6,410,000 after purchasing an additional 16,954 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Hilton Grand Vacations during the first quarter valued at approximately $10,467,000. 97.23% of the stock is currently owned by institutional investors.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total value 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. This represents a 5.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by insiders.

Hilton Grand Vacations Trading Down 0.5%

Shares of NYSE:HGV traded down $0.22 during mid-day trading on Monday, hitting $47.52. The stock had a trading volume of 979,938 shares, compared to its average volume of 1,179,302. 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 company has a market cap of $4.23 billion, a PE ratio of 86.40, a P/E/G ratio of 4.05 and a beta of 1.67. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $52.08. The company's 50 day moving average is $45.78 and its 200-day moving average is $40.72.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $1.38 billion. During the same quarter last year, the company posted $0.62 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on HGV. Mizuho increased their target price on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Barclays increased their target price 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. Deutsche Bank Aktiengesellschaft set a $59.00 target price on shares of Hilton Grand Vacations and gave the company a "buy" rating in a research note on Monday, August 4th. Truist Financial cut 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 research note on Thursday, August 21st. Finally, The Goldman Sachs Group reissued a "sell" rating and set a $39.00 target price on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Hilton Grand Vacations currently has an average rating of "Moderate Buy" and a consensus target price of $53.29.

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.