Hilton Grand Vacations Inc. $HGV Shares Acquired by Invesco Ltd.

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. increased its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,032 shares of the company's stock after buying an additional 5,960 shares during the period. Invesco Ltd. owned about 0.40% of Hilton Grand Vacations worth $13,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in shares of Hilton Grand Vacations by 262.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 50,342 shares of the company's stock valued at $1,883,000 after buying an additional 36,465 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Hilton Grand Vacations by 17.1% during the 4th quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock valued at $5,430,000 after buying an additional 20,398 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Hilton Grand Vacations during the 4th quarter valued at approximately $311,000. GAMMA Investing LLC lifted its position in shares of Hilton Grand Vacations by 9,418.9% during the 1st quarter. GAMMA Investing LLC now owns 17,134 shares of the company's stock valued at $6,410,000 after buying an additional 16,954 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Hilton Grand Vacations by 53.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,396 shares of the company's stock valued at $308,000 after buying an additional 2,938 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HGV. 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. Barclays increased their target price on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Truist Financial decreased their target price on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, August 21st. Mizuho increased their price objective 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. Finally, JMP Securities reissued a "market outperform" rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Five investment 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.29.

Hilton Grand Vacations Price Performance

NYSE HGV traded up $0.48 during mid-day trading on Thursday, hitting $47.70. The stock had a trading volume of 1,430,567 shares, compared to its average volume of 1,308,549. The firm's 50 day moving average is $45.62 and its 200 day moving average is $40.70. Hilton Grand Vacations Inc. has a twelve month low of $30.59 and a twelve month high of $52.08. The company has a debt-to-equity ratio of 4.31, a current ratio of 4.43 and a quick ratio of 2.77. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 86.73, a PEG ratio of 4.02 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business earned $0.62 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's leadership 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.