Nuveen LLC Invests $10.47 Million 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 bought a new stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 279,794 shares of the company's stock, valued at approximately $10,467,000. Nuveen LLC owned approximately 0.31% of Hilton Grand Vacations as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC increased its stake 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 buying an additional 497 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Hilton Grand Vacations by 106.8% in the first quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock valued at $40,000 after buying an additional 550 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Hilton Grand Vacations in the first quarter valued at $73,000. Bayforest Capital Ltd acquired a new stake in shares of Hilton Grand Vacations in the first quarter valued at $73,000. Finally, Fifth Third Bancorp increased its stake in shares of Hilton Grand Vacations by 8.8% in the first quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock valued at $168,000 after buying an additional 364 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in 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 note on Monday, August 4th. Truist Financial lowered their price objective on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, August 21st. Mizuho lifted their price objective on Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. The Goldman Sachs Group reiterated a "sell" rating and issued a $39.00 price objective on shares of Hilton Grand Vacations in a research report on Friday, August 1st. Finally, JMP Securities reiterated a "market outperform" rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $53.29.

Hilton Grand Vacations Trading Up 1.0%

Shares of Hilton Grand Vacations stock traded up $0.48 during trading on Thursday, hitting $47.70. 1,430,567 shares of the company were exchanged, compared to its average volume of 1,308,549. The firm has a market capitalization of $4.25 billion, a P/E ratio of 86.73, a price-to-earnings-growth ratio of 4.02 and a beta of 1.65. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $52.08. The firm's fifty day moving average price is $45.62 and its 200 day moving average price is $40.70. 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 (NYSE:HGV - Get Free Report) last posted its 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 for 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%.Hilton Grand Vacations's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 earnings per share. As a group, sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

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

About Hilton Grand Vacations

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.