Hotchkis & Wiley Capital Management LLC Acquires 21,780 Shares of Hilton Grand Vacations Inc. $HGV

Key Points

• Hotchkis & Wiley Capital Management LLC has increased its stake in Hilton Grand Vacations Inc. by 8.3%, holding approximately 285,460 shares worth $10,679,000.
• Hilton Grand Vacations reported earnings per share (EPS) of $0.54, missing analysts' estimates by $0.24 and revealing revenue of $1.27 billion compared to a forecast of $1.38 billion.
• Institutional investors own 97.23% of Hilton Grand Vacations stock, with various firms showing significant increases in their holdings during the first quarter.

Hotchkis & Wiley Capital Management LLC boosted its holdings in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 8.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 285,460 shares of the company's stock after purchasing an additional 21,780 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.31% of Hilton Grand Vacations worth $10,679,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HGV. Wells Fargo & Company MN increased its holdings in shares of Hilton Grand Vacations by 39.2% in the fourth quarter. Wells Fargo & Company MN now owns 35,522 shares of the company's stock worth $1,384,000 after buying an additional 9,999 shares during the period. Dimensional Fund Advisors LP grew its position in Hilton Grand Vacations by 21.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock worth $114,329,000 after acquiring an additional 512,362 shares during the last quarter. MetLife Investment Management LLC increased its stake in Hilton Grand Vacations by 4.4% in the 4th quarter. MetLife Investment Management LLC now owns 76,643 shares of the company's stock worth $2,985,000 after purchasing an additional 3,265 shares during the period. Tower Research Capital LLC TRC increased its stake in Hilton Grand Vacations by 7.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,141 shares of the company's stock worth $512,000 after purchasing an additional 869 shares during the period. Finally, Dark Forest Capital Management LP bought a new stake in Hilton Grand Vacations in the fourth quarter valued at approximately $494,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV traded up $0.48 during trading on Thursday, reaching $47.70. 1,430,567 shares of the company traded hands, compared to its average volume of 1,045,933. The firm has a 50 day simple moving average of $45.46 and a 200-day simple moving average of $40.65. Hilton Grand Vacations Inc. has a 52-week low of $30.59 and a 52-week high of $52.08. The stock has a market capitalization of $4.25 billion, a PE ratio of 86.73, a P/E/G ratio of 4.03 and a beta of 1.65. 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 issued its quarterly earnings data 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). Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company earned $0.62 EPS. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations declared that its board has initiated a share buyback program on Wednesday, August 13th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HGV. Deutsche Bank Aktiengesellschaft set a $59.00 target price on shares of Hilton Grand Vacations and gave the stock a "buy" rating in a research note on Monday, August 4th. Mizuho raised their target price on Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. JMP Securities reissued a "market outperform" rating and set a $50.00 price objective on shares of Hilton Grand Vacations in a research note on Monday, May 5th. The Goldman Sachs Group restated a "sell" rating and issued a $39.00 price objective on shares of Hilton Grand Vacations in a report on Friday, August 1st. Finally, Barclays lifted 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 report on Friday, August 1st. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $53.29.

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.