XTX Topco Ltd Makes New Investment in Hilton Grand Vacations Inc. (NYSE:HGV)

Key Points

• XTX Topco Ltd has made a new investment in Hilton Grand Vacations Inc., acquiring approximately 46,959 shares valued at about $1.76 million.
• Hilton Grand Vacations reported earnings per share of $0.54 for the most recent quarter, missing the consensus estimate of $0.78, with quarterly revenue of $1.27 billion.
• Institutional investors hold 97.23% of Hilton Grand Vacations' stock, indicating strong backing from large investment firms.

XTX Topco Ltd bought a new position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 46,959 shares of the company's stock, valued at approximately $1,757,000. XTX Topco Ltd owned about 0.05% of Hilton Grand Vacations as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS bought a new stake in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $608,000. Norges Bank bought a new stake in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $33,047,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $6,428,000. CIBC Private Wealth Group LLC raised its holdings in shares of Hilton Grand Vacations by 5.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 64,693 shares of the company's stock valued at $2,480,000 after buying an additional 3,576 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Hilton Grand Vacations by 11.3% during the fourth quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company's stock valued at $143,031,000 after buying an additional 373,442 shares during the last quarter. Institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV opened at $45.08 on Friday. Hilton Grand Vacations Inc. has a 12 month low of $30.59 and a 12 month high of $52.08. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 140.86, a PEG ratio of 5.82 and a beta of 1.63. The stock's 50 day moving average price is $43.23 and its 200 day moving average price is $40.15. The company has a debt-to-equity ratio of 4.01, a current ratio of 3.95 and a quick ratio of 2.49.

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 business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a return on equity of 9.93% and a net margin of 0.68%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. Equities research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JMP Securities reaffirmed a "market outperform" rating and set a $50.00 price target on shares of Hilton Grand Vacations in a report on Monday, May 5th. Mizuho lifted their price target on Hilton Grand Vacations from $70.00 to $73.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Barclays dropped their target price on Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group reissued a "sell" rating and set a $39.00 target price on shares of Hilton Grand Vacations in a report on Friday. Finally, Morgan Stanley dropped their target price on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $47.00.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 51,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $38.78, for a total value of $1,977,780.00. Following the transaction, the insider owned 60,270 shares in the company, valued at approximately $2,337,270.60. The trade was a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.30% of the company's stock.

Hilton Grand Vacations Company 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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