Wesbanco Bank Inc. Makes New $1.19 Million Investment in Hilton Grand Vacations Inc. (NYSE:HGV)

Wesbanco Bank Inc. acquired a new position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,093 shares of the company's stock, valued at approximately $1,185,000.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of Hilton Grand Vacations by 78.6% in the 3rd quarter. Signaturefd LLC now owns 625 shares of the company's stock worth $25,000 after purchasing an additional 275 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Hilton Grand Vacations during the 3rd quarter worth $47,000. DekaBank Deutsche Girozentrale bought a new position in shares of Hilton Grand Vacations in the 3rd quarter worth about $85,000. Quest Partners LLC bought a new position in shares of Hilton Grand Vacations in the 4th quarter worth about $142,000. Finally, Quantbot Technologies LP bought a new stake in Hilton Grand Vacations in the 3rd quarter valued at about $167,000. Hedge funds and other institutional investors own 97.23% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HGV. Mizuho assumed coverage on Hilton Grand Vacations in a research note on Tuesday, March 26th. They set a "buy" rating and a $63.00 price target for the company. Barclays boosted their target price on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, March 1st. JMP Securities restated a "market outperform" rating and set a $55.00 target price on shares of Hilton Grand Vacations in a report on Friday, March 1st. JPMorgan Chase & Co. started coverage on shares of Hilton Grand Vacations in a research report on Monday, April 15th. They issued an "overweight" rating and a $59.00 price target on the stock. Finally, Truist Financial increased their price objective on Hilton Grand Vacations from $66.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, March 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $58.57.

Hilton Grand Vacations Stock Up 0.1 %

NYSE HGV traded up $0.04 on Friday, reaching $43.16. The stock had a trading volume of 415,499 shares, compared to its average volume of 559,057. The business has a 50 day moving average price of $45.10 and a 200 day moving average price of $41.45. The company has a current ratio of 4.34, a quick ratio of 3.10 and a debt-to-equity ratio of 2.13. Hilton Grand Vacations Inc. has a 1 year low of $33.13 and a 1 year high of $49.02. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 0.84 and a beta of 1.94.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The business's quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts forecast that Hilton Grand Vacations Inc. will post 4.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 23,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total value of $1,046,270.00. Following the completion of the sale, the insider now owns 140,618 shares of the company's stock, valued at $6,396,712.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Charles R. Jr. Corbin sold 23,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the completion of the transaction, the insider now owns 140,618 shares of the company's stock, valued at approximately $6,396,712.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles R. Jr. Corbin sold 38,557 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total value of $1,780,562.26. Following the transaction, the insider now directly owns 166,997 shares of the company's stock, valued at approximately $7,711,921.46. The disclosure for this sale can be found here. Insiders sold 89,557 shares of company stock valued at $4,142,832 over the last quarter. 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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