Russell Investments Group Ltd. Sells 17,573 Shares of Hilton Grand Vacations Inc. $HGV

Key Points

• Russell Investments Group Ltd. reduced its holdings in Hilton Grand Vacations by **50.4%**, now owning 17,312 shares valued at **$648,000**.
• Despite a year-over-year revenue increase of **2.5%**, Hilton Grand Vacations reported earnings per share of **$0.54**, missing the consensus estimate of **$0.78**.
• The company's stock is currently rated as a **Moderate Buy** by analysts, with an average target price set at **$53.29**.

Russell Investments Group Ltd. lowered its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 50.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,312 shares of the company's stock after selling 17,573 shares during the period. Russell Investments Group Ltd.'s holdings in Hilton Grand Vacations were worth $648,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in Hilton Grand Vacations in the first quarter worth about $10,467,000. Invesco Ltd. grew its position in shares of Hilton Grand Vacations by 1.7% during the 1st quarter. Invesco Ltd. now owns 366,032 shares of the company's stock worth $13,693,000 after buying an additional 5,960 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Hilton Grand Vacations during the 1st quarter worth approximately $1,366,000. Citigroup Inc. raised its stake in shares of Hilton Grand Vacations by 196.5% during the first quarter. Citigroup Inc. now owns 253,874 shares of the company's stock worth $9,497,000 after buying an additional 168,252 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Hilton Grand Vacations by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 917,221 shares of the company's stock valued at $34,313,000 after acquiring an additional 25,164 shares during the last quarter. Institutional investors own 97.23% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $39.00 price target on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $59.00 target price on shares of Hilton Grand Vacations and gave the company a "buy" rating in a research note on Monday, August 4th. Mizuho lifted their price target on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Truist Financial dropped their price objective on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, August 21st. Finally, Barclays boosted their target price on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.29.

Hilton Grand Vacations Stock Up 0.5%

Shares of NYSE HGV traded up $0.24 during mid-day trading on Wednesday, hitting $46.97. The company had a trading volume of 396,379 shares, compared to its average volume of 1,040,638. The company has a market capitalization of $4.18 billion, a PE ratio of 85.48, a price-to-earnings-growth ratio of 4.05 and a beta of 1.67. The firm has a 50-day simple moving average of $46.05 and a two-hundred day simple moving average of $40.80. The company has a current ratio of 4.43, a quick ratio of 2.77 and a debt-to-equity ratio of 4.31. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $52.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly 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 firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate 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 was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. On average, equities analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Hilton Grand Vacations declared that its Board of Directors has authorized a share buyback program on Wednesday, August 13th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total value of $2,194,871.76. Following the transaction, the insider directly owned 801,681 shares of the company's stock, valued at $37,951,578.54. This represents a 5.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.70% of the company's stock.

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.