Vanguard Personalized Indexing Management LLC Buys 6,082 Shares of Hilton Grand Vacations Inc. $HGV

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Hilton Grand Vacations Inc. by 94.6%, acquiring an additional 6,082 shares, bringing total holdings to 12,513 shares valued at approximately $520,000.
• A significant number of institutional investors own 97.23% of Hilton Grand Vacations stock, with notable increases in stakes by firms like Long Pond Capital LP and Citigroup Inc.
• Hilton Grand Vacations reported earnings of $0.54 per share for the latest quarter, which missed the consensus estimate of $0.78, alongside quarterly revenue of $1.27 billion.

Vanguard Personalized Indexing Management LLC lifted its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 94.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,513 shares of the company's stock after acquiring an additional 6,082 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Hilton Grand Vacations were worth $520,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HGV. Long Pond Capital LP grew its stake in shares of Hilton Grand Vacations by 32.1% in the first quarter. Long Pond Capital LP now owns 1,829,495 shares of the company's stock worth $68,441,000 after acquiring an additional 444,240 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Hilton Grand Vacations by 14.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,361,156 shares of the company's stock worth $125,737,000 after acquiring an additional 425,925 shares during the period. Nuveen LLC bought a new stake in shares of Hilton Grand Vacations in the first quarter worth approximately $10,467,000. Breach Inlet Capital Management LLC grew its stake in shares of Hilton Grand Vacations by 57.3% in the first quarter. Breach Inlet Capital Management LLC now owns 646,656 shares of the company's stock worth $24,191,000 after acquiring an additional 235,602 shares during the period. Finally, Citigroup Inc. grew its stake in shares of Hilton Grand Vacations by 196.5% in the first quarter. Citigroup Inc. now owns 253,874 shares of the company's stock worth $9,497,000 after acquiring an additional 168,252 shares during the period. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Trading Up 2.5%

Shares of HGV opened at $43.82 on Wednesday. The company's fifty day moving average is $44.61 and its 200 day moving average is $42.05. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $52.08. The stock has a market capitalization of $3.90 billion, a PE ratio of 79.68, a P/E/G ratio of 3.82 and a beta of 1.65. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.77 and a current ratio of 4.43.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.24). Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%.The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm posted $0.62 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations declared that its board has authorized a share buyback plan 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 plans are usually a sign that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the transaction, the insider owned 801,681 shares in the company, valued at $37,951,578.54. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.

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