Magnetar Financial LLC Invests $220,000 in Hilton Grand Vacations Inc. $HGV

Key Points

• Magnetar Financial LLC has invested approximately $220,000 in Hilton Grand Vacations, acquiring 5,882 shares in the company during the first quarter.
• Hilton Grand Vacations recently announced a share buyback plan, which typically indicates management believes the shares are undervalued.
• The company reported earnings of $0.54 EPS for the last quarter, missing analysts' estimates, and had a revenue of $1.27 billion.

Magnetar Financial LLC acquired a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,882 shares of the company's stock, valued at approximately $220,000.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in Hilton Grand Vacations by 262.8% during the first quarter. Assenagon Asset Management S.A. now owns 50,342 shares of the company's stock worth $1,883,000 after buying an additional 36,465 shares during the period. Deutsche Bank AG grew its stake in Hilton Grand Vacations by 17.1% during the fourth quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock worth $5,430,000 after buying an additional 20,398 shares during the period. Point72 Asset Management L.P. purchased a new stake in Hilton Grand Vacations during the fourth quarter worth approximately $311,000. GAMMA Investing LLC grew its stake in Hilton Grand Vacations by 9,418.9% during the first quarter. GAMMA Investing LLC now owns 17,134 shares of the company's stock worth $6,410,000 after buying an additional 16,954 shares during the period. Finally, Nuveen LLC purchased a new stake in Hilton Grand Vacations during the first quarter worth approximately $10,467,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HGV has been the subject of several research reports. Mizuho boosted their price objective on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Truist Financial decreased their target price on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft set a $59.00 target price on shares of Hilton Grand Vacations and gave the company a "buy" rating in a research note on Monday, August 4th. The Goldman Sachs Group restated a "sell" rating and issued a $39.00 target price on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Finally, Barclays upped 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 research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $53.29.

Insider Transactions at Hilton Grand Vacations

In related news, insider Mark D. Wang sold 46,364 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were 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. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by corporate insiders.

Hilton Grand Vacations Stock Down 1.9%

HGV traded down $0.92 during trading on Friday, hitting $47.07. The company had a trading volume of 742,404 shares, compared to its average volume of 1,130,904. The company has a market cap of $4.19 billion, a PE ratio of 85.58, a P/E/G ratio of 4.01 and a beta of 1.67. The business has a 50-day moving average of $46.42 and a 200-day moving average of $40.89. 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 posted 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 company's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 earnings per share. As a group, analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations announced that its board has initiated a stock repurchase plan on Wednesday, August 13th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

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.