Long Pond Capital LP Has $68.44 Million Holdings in Hilton Grand Vacations Inc. $HGV

Key Points

• Long Pond Capital LP increased its stake in Hilton Grand Vacations by 32.1% during the 1st quarter, now owning approximately 2.00% of the company valued at $68.4 million.
• Hilton Grand Vacations saw its stock trading up 7.5%, with current stock values around $46.66 after it missed earnings estimates for the latest quarter.
• Analysts have mixed outlooks on Hilton Grand Vacations, with a consensus rating of "Moderate Buy" and an average target price of $53.29.

Long Pond Capital LP grew its holdings in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 32.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,829,495 shares of the company's stock after buying an additional 444,240 shares during the period. Hilton Grand Vacations accounts for about 4.5% of Long Pond Capital LP's portfolio, making the stock its 8th biggest holding. Long Pond Capital LP owned approximately 2.00% of Hilton Grand Vacations worth $68,441,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Hilton Grand Vacations by 0.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company's stock valued at $1,585,000 after purchasing an additional 303 shares during the last quarter. Covey Capital Advisors LLC lifted its holdings in Hilton Grand Vacations by 0.8% during the 1st quarter. Covey Capital Advisors LLC now owns 44,599 shares of the company's stock worth $1,668,000 after buying an additional 357 shares during the period. Fifth Third Bancorp lifted its holdings in Hilton Grand Vacations by 8.8% during the 1st quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock worth $168,000 after buying an additional 364 shares during the period. Signaturefd LLC lifted its stake in shares of Hilton Grand Vacations by 136.9% in the 1st quarter. Signaturefd LLC now owns 860 shares of the company's stock valued at $32,000 after purchasing an additional 497 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Hilton Grand Vacations by 106.8% in the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock valued at $40,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 97.23% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on Hilton Grand Vacations and gave the stock a "buy" rating in a report on Monday, August 4th. Mizuho upped their target price on Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, August 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $50.00 target price on shares of Hilton Grand Vacations in a report on Monday, May 5th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $39.00 target price on shares of Hilton Grand Vacations in a report on Friday, August 1st. Finally, Truist Financial reduced their price objective on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, August 21st. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Hilton Grand Vacations has a consensus rating of "Moderate Buy" and a consensus price target of $53.29.

Hilton Grand Vacations Price Performance

NYSE HGV traded down $0.22 during trading hours on Friday, reaching $47.52. 979,938 shares of the stock traded hands, compared to its average volume of 1,205,590. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 86.40, a price-to-earnings-growth ratio of 4.07 and a beta of 1.65. The stock has a 50 day simple moving average of $45.78 and a two-hundred day simple moving average of $40.74. The company has a debt-to-equity ratio of 4.31, a current ratio of 4.43 and a quick ratio of 2.77. 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 released its quarterly earnings data on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing the consensus estimate 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 return on equity of 9.71% and a net margin of 1.14%.The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 EPS. On average, analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal 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 buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

Insider Activity at Hilton Grand Vacations

In other news, insider Mark D. Wang sold 46,364 shares of the business's stock in a transaction that occurred 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 sale, the insider directly owned 801,681 shares of the company's stock, valued at $37,951,578.54. The trade was a 5.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

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.