PB Investment Partners L.P. Acquires 38,540 Shares of Hilton Grand Vacations Inc. $HGV

Key Points

• PB Investment Partners L.P. has increased its stake in Hilton Grand Vacations Inc. by 6.7%, acquiring an additional 38,540 shares during the second quarter, bringing its total to 610,098 shares.
• Insider Mark D. Wang sold 46,364 shares of the company, resulting in a 5.47% decrease in his ownership, while insiders now own 2.30% of the stock.
• Various analysts have rated Hilton Grand Vacations stock as "Moderate Buy" with a consensus target price of $53.29, despite recent earnings missing expectations.

PB Investment Partners L.P. lifted its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 610,098 shares of the company's stock after purchasing an additional 38,540 shares during the quarter. Hilton Grand Vacations comprises about 17.2% of PB Investment Partners L.P.'s investment portfolio, making the stock its 2nd biggest position. PB Investment Partners L.P. owned about 0.67% of Hilton Grand Vacations worth $25,337,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Signaturefd LLC boosted its holdings in 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 acquiring an additional 497 shares during the last quarter. State of Wyoming acquired a new position in Hilton Grand Vacations in the first quarter valued at $48,000. CWM LLC boosted its holdings in Hilton Grand Vacations by 69.8% in the second quarter. CWM LLC now owns 1,277 shares of the company's stock valued at $53,000 after acquiring an additional 525 shares during the last quarter. Bayforest Capital Ltd acquired a new position in Hilton Grand Vacations in the first quarter valued at $73,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Hilton Grand Vacations in the first quarter valued at $104,000. Institutional investors and hedge funds own 97.23% of the company's stock.

Insider Activity

In other news, insider Mark D. Wang sold 46,364 shares of Hilton Grand Vacations stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the sale, the insider directly owned 801,681 shares of the company's stock, valued at approximately $37,951,578.54. The trade was a 5.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HGV shares. Truist Financial reduced their target price on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, August 21st. Weiss Ratings reiterated a "hold (c-)" rating on shares of Hilton Grand Vacations in a report on Wednesday, October 8th. Barclays lifted their target price on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. The Goldman Sachs Group reiterated a "sell" rating and issued a $39.00 target price on shares of Hilton Grand Vacations in a report on Friday, August 1st. Finally, Mizuho lifted their target price on Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.29.

Hilton Grand Vacations Trading Up 1.7%

Shares of HGV opened at $43.77 on Thursday. The stock's 50-day moving average is $44.67 and its two-hundred day moving average is $41.81. The stock has a market cap of $3.90 billion, a PE ratio of 79.59, a P/E/G ratio of 3.85 and a beta of 1.65. Hilton Grand Vacations Inc. has a 12 month low of $30.59 and a 12 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.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued 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 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%.The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. Equities 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 buyback program on Wednesday, August 13th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board 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.

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