Vanguard Group Inc. Lowers Stock Holdings 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. reduced its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,743,626 shares of the company's stock after selling 137,057 shares during the quarter. 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 (SEC).

Other hedge funds have also bought and sold shares of the company. Nantahala Capital Management LLC lifted its holdings in shares of Hilton Grand Vacations by 131.8% in the fourth quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company's stock worth $67,422,000 after buying an additional 984,166 shares in the last quarter. GRS Advisors LLC purchased a new position in shares of Hilton Grand Vacations during the fourth quarter valued at about $24,414,000. Dimensional Fund Advisors LP increased its holdings in shares of Hilton Grand Vacations by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock worth $114,329,000 after purchasing an additional 512,362 shares during the last quarter. Millennium Management LLC boosted its stake in Hilton Grand Vacations by 27.7% during the fourth quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock valued at $79,664,000 after buying an additional 443,353 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Hilton Grand Vacations by 62.6% during the 4th quarter. Squarepoint Ops LLC now owns 493,474 shares of the company's stock valued at $19,221,000 after buying an additional 189,934 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. The Goldman Sachs Group reiterated a "sell" rating and set a $39.00 target price on shares of Hilton Grand Vacations in a research report on Friday, August 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $50.00 price target on shares of Hilton Grand Vacations in a report on Monday, May 5th. Truist Financial reduced their price objective on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on Hilton Grand Vacations and gave the company a "buy" rating in a research note on Monday, August 4th. Finally, Barclays lifted their target price on 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 issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.29.

Hilton Grand Vacations Trading Up 8.1%

NYSE:HGV traded up $3.52 during midday trading on Friday, hitting $46.91. The stock had a trading volume of 845,523 shares, compared to its average volume of 1,039,110. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 85.31, a PEG ratio of 3.73 and a beta of 1.65. The stock has a 50-day moving average of $44.83 and a 200 day moving average of $40.51. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $52.08. 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 (NYSE:HGV - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.24). Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%.The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business posted $0.62 earnings per share. Hilton Grand Vacations's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Hilton Grand Vacations declared that its board 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 buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board 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.