Swiss National Bank Has $5 Million Stock Holdings in Hilton Grand Vacations Inc. $HGV

Key Points

• The Swiss National Bank reduced its stake in Hilton Grand Vacations Inc. by 4.4%, selling 6,200 shares and now owning approximately 0.15% of the company valued at nearly $5 million.
• Several institutional investors notably increased their holdings in Hilton Grand Vacations, with Nantahala Capital Management LLC leading with a 131.8% increase in its stake during the fourth quarter.
• Hilton Grand Vacations fell short of expectations in its latest earnings report, with an EPS of $0.54, missing the consensus estimate of $0.78, while their revenue was $1.27 billion, below anticipated figures.

Swiss National Bank decreased its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,560 shares of the company's stock after selling 6,200 shares during the period. Swiss National Bank owned about 0.15% of Hilton Grand Vacations worth $4,996,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Hilton Grand Vacations by 136.9% during the first 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. lifted its stake in Hilton Grand Vacations by 106.8% during the first 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. FNY Investment Advisers LLC bought a new position in Hilton Grand Vacations during the first quarter worth about $73,000. Bayforest Capital Ltd bought a new position in Hilton Grand Vacations during the first quarter worth about $73,000. Finally, Fifth Third Bancorp lifted its stake in Hilton Grand Vacations by 8.8% during the first quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock worth $168,000 after purchasing an additional 364 shares during the period. Institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock traded up $3.2710 during midday trading on Friday, reaching $46.6610. The company had a trading volume of 1,450,594 shares, compared to its average volume of 1,252,871. 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 company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 84.84, a price-to-earnings-growth ratio of 4.00 and a beta of 1.65. The stock has a fifty day simple moving average of $45.00 and a 200 day simple moving average of $40.54. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $52.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly 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). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. As a group, equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations announced that its Board of Directors has authorized a share repurchase plan 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. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have recently weighed in on HGV. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on shares of Hilton Grand Vacations and gave the stock a "buy" rating in a report on Monday, August 4th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $39.00 price objective on shares of Hilton Grand Vacations in a report on Friday, August 1st. JMP Securities reaffirmed a "market outperform" rating and set a $50.00 price objective on shares of Hilton Grand Vacations in a report on Monday, May 5th. 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 report on Friday, August 1st. Finally, Barclays raised their price objective 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. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $53.29.

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.