Nuveen LLC Purchases New Shares in Hilton Grand Vacations Inc. $HGV

Key Points

• Nuveen LLC has acquired a new stake in Hilton Grand Vacations by purchasing 279,794 shares valued at approximately $10.5 million, bringing its total ownership to 0.31% of the company.
• Hilton Grand Vacations reported earnings of $0.54 EPS for the last quarter, missing analyst expectations, while its revenue reached $1.27 billion, also below forecasts.
• Five research analysts have rated the stock with a Buy rating and the consensus price target is set at $53.29, indicating potential for growth despite recent earnings performance.

Nuveen LLC purchased a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 279,794 shares of the company's stock, valued at approximately $10,467,000. Nuveen LLC owned 0.31% of Hilton Grand Vacations as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC grew its position in shares of Hilton Grand Vacations by 136.9% in the first quarter. Signaturefd LLC now owns 860 shares of the company's stock valued at $32,000 after purchasing an additional 497 shares during the period. UMB Bank n.a. raised its stake in Hilton Grand Vacations by 106.8% during the first quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock worth $40,000 after purchasing an additional 550 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Hilton Grand Vacations during the first quarter valued at about $73,000. Bayforest Capital Ltd acquired a new stake in shares of Hilton Grand Vacations during the first quarter valued at about $73,000. Finally, Fifth Third Bancorp increased its position in shares of Hilton Grand Vacations by 8.8% during the first quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock valued at $168,000 after acquiring an additional 364 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $46.6610 on Friday. The company has a market cap of $4.16 billion, a PE ratio of 84.84, a P/E/G ratio of 3.71 and a beta of 1.65. The company has a fifty day moving average price of $45.00 and a two-hundred day moving average price of $40.55. 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 12 month low of $30.59 and a 12 month high of $52.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates 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 for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. Research 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 initiated a share repurchase plan on Wednesday, August 13th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

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

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.

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