Invesco Ltd. Buys 5,960 Shares of Hilton Grand Vacations Inc. $HGV

Key Points

• Invesco Ltd. increased its stake in Hilton Grand Vacations by 1.7%, owning 366,032 shares valued at approximately $13.69 million as of the latest SEC filing.
• Hilton Grand Vacations reported earnings of $0.54 per share for the last quarter, falling short of analysts' expectations of $0.78, with quarterly revenue also below estimates at $1.27 billion.
• A stock repurchase plan has been initiated by Hilton Grand Vacations, signaling potential management confidence in the company's current value amidst a climate of institutional ownership exceeding 97.23%.

Invesco Ltd. raised its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 1.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 366,032 shares of the company's stock after acquiring an additional 5,960 shares during the period. Invesco Ltd. owned approximately 0.40% of Hilton Grand Vacations worth $13,693,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in shares of Hilton Grand Vacations by 39.2% during the fourth quarter. Wells Fargo & Company MN now owns 35,522 shares of the company's stock valued at $1,384,000 after buying an additional 9,999 shares during the last quarter. Guggenheim Capital LLC purchased a new position in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $507,000. Dimensional Fund Advisors LP boosted its position in shares of Hilton Grand Vacations by 21.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock valued at $114,329,000 after buying an additional 512,362 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Hilton Grand Vacations by 4.4% during the fourth quarter. MetLife Investment Management LLC now owns 76,643 shares of the company's stock valued at $2,985,000 after buying an additional 3,265 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Hilton Grand Vacations by 7.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,141 shares of the company's stock valued at $512,000 after buying an additional 869 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

Hilton Grand Vacations Stock Performance

Shares of HGV traded down $0.4620 during mid-day trading on Monday, hitting $46.2780. The stock had a trading volume of 1,116,623 shares, compared to its average volume of 1,287,544. The firm has a market cap of $4.12 billion, a P/E ratio of 26.11, a PEG ratio of 3.98 and a beta of 1.65. The business has a fifty day moving average price of $45.14 and a 200-day moving average price of $40.56. 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 52 week low of $30.59 and a 52 week high of $52.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its earnings results 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). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%.The business's revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. On average, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

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

Analyst Ratings Changes

Several research analysts recently issued reports on HGV shares. Deutsche Bank Aktiengesellschaft set a $59.00 target price on Hilton Grand Vacations and gave the company a "buy" rating in a research report on Monday, August 4th. The Goldman Sachs Group reiterated a "sell" rating and set a $39.00 price target on shares of Hilton Grand Vacations in a report on Friday, August 1st. JMP Securities reiterated a "market outperform" rating and set a $50.00 price target on shares of Hilton Grand Vacations in a report on Monday, May 5th. Truist Financial dropped their price target on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Barclays lifted their price target 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 equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.