Hilton Grand Vacations Inc. $HGV Stock Holdings Increased by Long Pond Capital LP

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 increased its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 32.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,829,495 shares of the company's stock after acquiring an additional 444,240 shares during the period. Hilton Grand Vacations makes up about 4.5% of Long Pond Capital LP's holdings, making the stock its 8th largest holding. Long Pond Capital LP owned about 2.00% of Hilton Grand Vacations worth $68,441,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC increased its holdings in Hilton Grand Vacations by 8.3% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 285,460 shares of the company's stock worth $10,679,000 after purchasing an additional 21,780 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Hilton Grand Vacations by 80.6% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 15,983 shares of the company's stock worth $589,000 after buying an additional 7,131 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Hilton Grand Vacations during the first quarter worth approximately $104,000. TFJ Management LLC raised its holdings in Hilton Grand Vacations by 82.2% in the first quarter. TFJ Management LLC now owns 166,991 shares of the company's stock valued at $6,247,000 after acquiring an additional 75,321 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Hilton Grand Vacations by 14.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,361,156 shares of the company's stock valued at $125,737,000 after acquiring an additional 425,925 shares in the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Trading Up 7.5%

NYSE HGV opened at $46.6610 on Monday. The firm's fifty day moving average is $45.00 and its two-hundred day moving average is $40.53. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $52.08. 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 firm has a market cap of $4.16 billion, a PE ratio of 84.84, a P/E/G ratio of 3.98 and a beta of 1.65.

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 (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 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 was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. Analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations announced that its board has approved a stock buyback program on Wednesday, August 13th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HGV shares. The Goldman Sachs Group reissued a "sell" rating and issued a $39.00 price objective on shares of Hilton Grand Vacations in a research report on Friday, August 1st. JMP Securities reissued a "market outperform" rating and issued a $50.00 target price on shares of Hilton Grand Vacations in a report on Monday, May 5th. Barclays raised their price target on 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. Truist Financial lowered their price objective on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Mizuho raised their target price on Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Hilton Grand Vacations has a consensus rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding HGV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Grand Vacations Inc. (NYSE:HGV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.