Quantbot Technologies LP Makes New Investment in Hilton Grand Vacations Inc. $HGV

Key Points

• Quantbot Technologies LP initiated a position in Hilton Grand Vacations, buying 45,699 shares worth approximately $2.4 million. Institutional investors collectively own 97.23% of HGV.
• Hilton Grand Vacations reported quarterly earnings of $0.89 per share, below the $0.94 consensus estimate, while revenue reached $1.36 billion, up 7.3% year over year but slightly below expectations.
• The company authorized a $600 million share-repurchase program, allowing it to buy back up to 17% of outstanding shares. Analysts maintain a consensus “Hold” rating with an average price target of $54.89.

Quantbot Technologies LP bought a new position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 45,699 shares of the company's stock, valued at approximately $2,393,000. Quantbot Technologies LP owned approximately 0.06% of Hilton Grand Vacations as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in HGV. BlackRock Inc. purchased a new position in Hilton Grand Vacations in the 2nd quarter worth approximately $422,842,000. Arrowstreet Capital Limited Partnership boosted its stake in Hilton Grand Vacations by 489.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company's stock valued at $66,166,000 after purchasing an additional 1,314,117 shares during the last quarter. TrinityBridge Ltd purchased a new stake in Hilton Grand Vacations during the 2nd quarter valued at $52,540,000. Norges Bank purchased a new stake in Hilton Grand Vacations during the 4th quarter valued at $32,871,000. Finally, Marshall Wace LLP increased its holdings in shares of Hilton Grand Vacations by 142.6% in the 3rd quarter. Marshall Wace LLP now owns 1,163,538 shares of the company's stock worth $48,648,000 after purchasing an additional 684,025 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Trading Up 0.6%

NYSE:HGV opened at $45.39 on Tuesday. The company has a market cap of $3.53 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 0.44 and a beta of 1.53. The company has a current ratio of 5.02, a quick ratio of 3.20 and a debt-to-equity ratio of 6.18. The company has a 50 day simple moving average of $49.10 and a two-hundred day simple moving average of $47.02. Hilton Grand Vacations Inc. has a 12 month low of $36.79 and a 12 month high of $55.40.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.05). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. Hilton Grand Vacations's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. Research analysts forecast that Hilton Grand Vacations Inc. will post 4.61 earnings per share for the current year.

Hilton Grand Vacations declared that its board has initiated a share repurchase program on Thursday, August 20th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 17% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley decreased their price target on Hilton Grand Vacations from $58.00 to $54.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 18th. Truist Financial increased their price objective on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a "buy" rating in a research report on Monday, May 18th. Mizuho reduced their price objective on Hilton Grand Vacations from $75.00 to $74.00 and set an "outperform" rating for the company in a report on Friday, July 31st. Weiss Ratings reissued a "hold (c)" rating on shares of Hilton Grand Vacations in a research report on Friday, May 29th. Finally, Susquehanna assumed coverage on shares of Hilton Grand Vacations in a research note on Tuesday, August 18th. They set a "neutral" rating and a $50.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Hilton Grand Vacations presently has a consensus rating of "Hold" and an average target price of $54.89.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 20,691 shares of the firm's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $46.90, for a total value of $970,407.90. Following the transaction, the insider directly owned 47,924 shares of the company's stock, valued at approximately $2,247,635.60. This trade represents a 30.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark D. Wang sold 190,813 shares of the business's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $51.93, for a total value of $9,908,919.09. Following the sale, the insider owned 904,241 shares of the company's stock, valued at approximately $46,957,235.13. This represents a 17.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.10% of the stock is currently owned by corporate insiders.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.

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