OMERS ADMINISTRATION Corp Takes Position in Hilton Grand Vacations Inc. $HGV

Key Points

• OMERS ADMINISTRATION Corp acquired 43,600 shares of Hilton Grand Vacations Inc., valued at approximately $1.63 million, reflecting strong interest from institutional investors in the company.
• Analysts have mixed ratings on Hilton Grand Vacations, with five giving a "Buy" rating and a price target averaging $53.29, while Deutsche Bank has set a target at $59.00.
• Hilton Grand Vacations reported a disappointing EPS of $0.54 for the last quarter, below the estimated $0.78, despite a year-over-year revenue increase of 2.5% to $1.27 billion.

OMERS ADMINISTRATION Corp acquired a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 43,600 shares of the company's stock, valued at approximately $1,631,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CAS Investment Partners LLC boosted its position in shares of Hilton Grand Vacations by 2.0% in the 4th quarter. CAS Investment Partners LLC now owns 6,492,344 shares of the company's stock valued at $252,877,000 after purchasing an additional 129,333 shares during the period. Parsifal Capital Management LP boosted its position in shares of Hilton Grand Vacations by 1.8% in the 4th quarter. Parsifal Capital Management LP now owns 3,475,861 shares of the company's stock valued at $135,385,000 after purchasing an additional 62,346 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Hilton Grand Vacations by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,361,156 shares of the company's stock valued at $125,737,000 after purchasing an additional 425,925 shares during the period. Millennium Management LLC boosted its position in shares of Hilton Grand Vacations by 27.7% in the 4th quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock valued at $79,664,000 after purchasing an additional 443,353 shares during the period. Finally, Long Pond Capital LP boosted its position in shares of Hilton Grand Vacations by 32.1% in the 1st quarter. Long Pond Capital LP now owns 1,829,495 shares of the company's stock valued at $68,441,000 after purchasing an additional 444,240 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Stock Performance

HGV traded down $0.92 on Friday, hitting $47.07. 742,404 shares of the company traded hands, compared to its average volume of 1,130,904. The company has a 50 day moving average of $46.42 and a 200-day moving average of $40.89. The company has a quick ratio of 2.77, a current ratio of 4.43 and a debt-to-equity ratio of 4.31. The stock has a market capitalization of $4.19 billion, a PE ratio of 85.58, a PEG ratio of 4.01 and a beta of 1.67. 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 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). The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $0.62 earnings per share. Sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HGV. The Goldman Sachs Group reissued a "sell" rating and issued a $39.00 target price on shares of Hilton Grand Vacations in a research report on Friday, August 1st. Barclays upped 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 for the company in a research report on Thursday, August 21st. 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. Finally, Mizuho upped 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. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.29.

Insider Activity at Hilton Grand Vacations

In other news, insider Mark D. Wang sold 46,364 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total value of $2,194,871.76. Following the completion of the sale, the insider directly owned 801,681 shares of the company's stock, valued at $37,951,578.54. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by corporate insiders.

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.