Scout Investments Inc. boosted its holdings in Hilton Grand Vacations (NYSE:HGV) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 569,139 shares of the company’s stock after acquiring an additional 13,530 shares during the quarter. Scout Investments Inc. owned 0.59% of Hilton Grand Vacations worth $24,484,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in HGV. William Blair Investment Management LLC increased its stake in Hilton Grand Vacations by 96.0% in the 4th quarter. William Blair Investment Management LLC now owns 3,105,485 shares of the company’s stock worth $130,275,000 after acquiring an additional 1,521,130 shares during the last quarter. BlackRock Inc. increased its stake in Hilton Grand Vacations by 28.6% in the 1st quarter. BlackRock Inc. now owns 3,540,248 shares of the company’s stock worth $152,302,000 after acquiring an additional 787,878 shares during the last quarter. American Century Companies Inc. increased its stake in Hilton Grand Vacations by 300.1% in the 4th quarter. American Century Companies Inc. now owns 585,850 shares of the company’s stock worth $24,576,000 after acquiring an additional 439,425 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Hilton Grand Vacations by 51.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,141,171 shares of the company’s stock worth $47,872,000 after acquiring an additional 388,545 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in Hilton Grand Vacations by 1,533.8% in the 4th quarter. Citadel Advisors LLC now owns 373,954 shares of the company’s stock worth $15,688,000 after acquiring an additional 351,065 shares during the last quarter.
HGV has been the topic of a number of research analyst reports. SunTrust Banks set a $50.00 target price on Hilton Grand Vacations and gave the stock a “buy” rating in a research note on Thursday, March 1st. Credit Suisse Group initiated coverage on Hilton Grand Vacations in a research note on Friday. They issued an “outperform” rating and a $48.00 target price on the stock. Zacks Investment Research lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. JPMorgan Chase set a $49.00 target price on Hilton Grand Vacations and gave the stock a “buy” rating in a research note on Friday, May 11th. Finally, ValuEngine lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $47.14.
In related news, Director Paul W. Whetsell bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The stock was bought at an average cost of $39.06 per share, for a total transaction of $195,300.00. Following the acquisition, the director now directly owns 10,635 shares of the company’s stock, valued at approximately $415,403.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Tourism Group Co. Ltd. Hna sold 24,750,000 shares of the stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $46.10, for a total value of $1,140,975,000.00. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.
Hilton Grand Vacations opened at $39.95 on Monday, according to Marketbeat Ratings. Hilton Grand Vacations has a 12-month low of $32.20 and a 12-month high of $47.75. The company has a debt-to-equity ratio of 2.56, a current ratio of 4.92 and a quick ratio of 3.47. The stock has a market capitalization of $3.87 billion, a PE ratio of 22.70 and a beta of 0.96.
Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, May 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.10). Hilton Grand Vacations had a return on equity of 45.63% and a net margin of 18.28%. The firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $435.86 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. Hilton Grand Vacations’s revenue for the quarter was up 10.0% compared to the same quarter last year. equities research analysts expect that Hilton Grand Vacations will post 3.04 EPS for the current year.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing; and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.
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