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

Several other hedge funds and other institutional investors also recently modified their holdings of HGV. KLP Kapitalforvaltning AS acquired a new position in Hilton Grand Vacations in the 4th quarter valued at approximately $608,000. Norges Bank acquired a new position in shares of Hilton Grand Vacations during the fourth quarter valued at about $33,047,000. Arrowstreet Capital Limited Partnership acquired a new stake in Hilton Grand Vacations in the fourth quarter valued at approximately $6,428,000. CIBC Private Wealth Group LLC grew its position in Hilton Grand Vacations by 5.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 64,693 shares of the company's stock valued at $2,480,000 after purchasing an additional 3,576 shares during the period. Finally, Franklin Resources Inc. increased its position 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 worth $143,031,000 after acquiring an additional 373,442 shares in the last quarter. Institutional investors own 97.23% of the company's stock.

Wall Street Analyst Weigh In

HGV has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $39.00 price objective on shares of Hilton Grand Vacations in a research report on Friday. JMP Securities reissued a "market outperform" rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Mizuho lifted their target price on Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday. Barclays increased their target price on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Morgan Stanley dropped their price target on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $48.25.

Hilton Grand Vacations Price Performance

HGV stock traded down $0.31 during mid-day trading on Tuesday, reaching $43.96. 305,256 shares of the company traded hands, compared to its average volume of 1,022,467. The company has a fifty day moving average price of $43.36 and a 200-day moving average price of $40.20. Hilton Grand Vacations Inc. has a 52-week low of $30.59 and a 52-week high of $52.08. The company has a market capitalization of $3.92 billion, a P/E ratio of 79.94, a P/E/G ratio of 5.10 and a beta of 1.65. The company has a debt-to-equity ratio of 4.31, a current ratio of 4.43 and a quick ratio of 2.77.

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

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 51,000 shares of the business's 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 completion of the transaction, the insider owned 60,270 shares of the company's stock, valued at $2,337,270.60. The trade was a 45.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

About Hilton Grand Vacations

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.