Sanctuary Advisors LLC Makes New $1.21 Million Investment in Hilton Grand Vacations Inc. $HGV

Key Points

• Sanctuary Advisors acquired 23,124 shares of Hilton Grand Vacations worth approximately $1.21 million during the second quarter. Institutional investors and hedge funds collectively own 97.23% of HGV.
• Hilton Grand Vacations reported quarterly revenue of $1.36 billion, up 7.3% year over year, but earnings per share of $0.89 fell short of analysts’ $0.94 estimate.
• The company authorized a $600 million share-repurchase program, allowing it to buy back up to 17% of outstanding shares. Analysts remain cautious, with a consensus “Hold” rating and an average price target of $54.89.

Sanctuary Advisors LLC purchased a new stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 23,124 shares of the company's stock, valued at approximately $1,211,000.

Several other large investors have also recently made changes to their positions in HGV. BlackRock Inc. purchased a new stake in Hilton Grand Vacations in the second quarter valued at approximately $422,842,000. Geode Capital Management LLC boosted its position in shares of Hilton Grand Vacations by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,472,796 shares of the company's stock worth $65,919,000 after buying an additional 25,020 shares during the period. TrinityBridge Ltd acquired a new stake in shares of Hilton Grand Vacations in the second quarter valued at $52,540,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Hilton Grand Vacations by 93,334.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 51,389 shares of the company's stock valued at $2,300,000 after buying an additional 51,334 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at $7,061,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock opened at $43.71 on Friday. Hilton Grand Vacations Inc. has a one year low of $36.79 and a one year high of $55.40. The company has a market cap of $3.40 billion, a PE ratio of 24.70, a P/E/G ratio of 0.44 and a beta of 1.53. The company has a debt-to-equity ratio of 6.18, a quick ratio of 3.20 and a current ratio of 5.02. The business has a 50-day simple moving average of $48.65 and a 200-day simple moving average of $46.97.

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

Hilton Grand Vacations declared that its Board of Directors has approved a share repurchase program on Thursday, August 20th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the company to buy up to 17% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HGV shares. Morgan Stanley decreased their target price on Hilton Grand Vacations from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Wall Street Zen cut shares of Hilton Grand Vacations from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Barclays lowered their price objective on shares of Hilton Grand Vacations from $51.00 to $46.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. Finally, Zacks Research downgraded shares of Hilton Grand Vacations from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of "Hold" and a consensus target price of $54.89.

Insider Activity at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 20,691 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the sale, the insider directly owned 47,924 shares of the company's stock, valued at approximately $2,247,635.60. This represents a 30.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.10% of the company's stock.

About Hilton Grand Vacations

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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