Vanguard Group Inc. Decreases Stake in Hilton Grand Vacations Inc. $HGV

Key Points

• Vanguard Group Inc. has reduced its stake in Hilton Grand Vacations by 2.0%, now holding approximately 6.74 million shares valued at about $252 million.
• Brokerages have set varying target prices for Hilton Grand Vacations, with Mizuho raising their target to $76.00, while Goldman Sachs maintains a sell rating with a target of $39.00.
• Despite a quarterly earnings report showing a miss in estimated EPS and revenue, Hilton Grand Vacations also announced a stock repurchase program indicating confidence in its stock valuation.

Vanguard Group Inc. trimmed its holdings in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,743,626 shares of the company's stock after selling 137,057 shares during the period. Vanguard Group Inc. owned 7.36% of Hilton Grand Vacations worth $252,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its position in Hilton Grand Vacations by 262.8% during the first quarter. Assenagon Asset Management S.A. now owns 50,342 shares of the company's stock worth $1,883,000 after acquiring an additional 36,465 shares during the last quarter. Deutsche Bank AG raised its position in shares of Hilton Grand Vacations by 17.1% during the 4th quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock worth $5,430,000 after purchasing an additional 20,398 shares during the last quarter. Bank of Montreal Can raised its position in shares of Hilton Grand Vacations by 5.1% during the 4th quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock worth $290,000 after purchasing an additional 361 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Hilton Grand Vacations in the 4th quarter valued at approximately $311,000. Finally, GAMMA Investing LLC grew its holdings 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 buying an additional 16,954 shares during the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HGV shares. The Goldman Sachs Group reissued a "sell" rating and issued a $39.00 price target on shares of Hilton Grand Vacations in a report on Friday, August 1st. Barclays boosted 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. Mizuho raised their price target 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. JMP Securities reissued a "market outperform" rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Finally, Truist Financial reduced their price objective 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. 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $53.29.

Hilton Grand Vacations Trading Up 7.5%

Shares of HGV stock traded up $3.2710 during trading hours on Friday, hitting $46.6610. 1,450,594 shares of the company were exchanged, compared to its average volume of 1,252,871. The firm has a fifty day moving average of $45.00 and a 200 day moving average of $40.54. The company has a quick ratio of 2.77, a current ratio of 4.43 and a debt-to-equity ratio of 4.31. Hilton Grand Vacations Inc. has a 1 year low of $30.59 and a 1 year high of $52.08. The firm has a market cap of $4.16 billion, a PE ratio of 84.84, a PEG ratio of 4.00 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.54 earnings per share (EPS) 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 analysts' expectations of $1.38 billion. Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. Hilton Grand Vacations's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

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