Scopus Asset Management L.P. increased its stake in Hilton Grand Vacations Inc (NYSE:HGV) by 33.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 979,280 shares of the company’s stock after buying an additional 246,725 shares during the period. Scopus Asset Management L.P. owned about 1.01% of Hilton Grand Vacations worth $42,129,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of HGV. JPMorgan Chase & Co. lifted its holdings in Hilton Grand Vacations by 7.8% in the first quarter. JPMorgan Chase & Co. now owns 3,986,879 shares of the company’s stock worth $171,516,000 after purchasing an additional 289,960 shares during the period. BlackRock Inc. lifted its holdings in Hilton Grand Vacations by 28.6% in the 1st quarter. BlackRock Inc. now owns 3,540,248 shares of the company’s stock valued at $152,302,000 after acquiring an additional 787,878 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Hilton Grand Vacations by 96.0% during the fourth quarter. William Blair Investment Management LLC now owns 3,105,485 shares of the company’s stock valued at $130,275,000 after buying an additional 1,521,130 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Hilton Grand Vacations by 12.3% during the first quarter. Wells Fargo & Company MN now owns 3,092,794 shares of the company’s stock valued at $133,054,000 after buying an additional 339,549 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Hilton Grand Vacations by 51.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,141,171 shares of the company’s stock valued at $47,872,000 after buying an additional 388,545 shares in the last quarter.
In other Hilton Grand Vacations news, Director Leonard Potter bought 25,000 shares of the stock in a transaction dated Thursday, May 10th. The stock was bought at an average cost of $40.38 per share, for a total transaction of $1,009,500.00. Following the completion of the purchase, the director now owns 30,000 shares in the company, valued at approximately $1,211,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul W. Whetsell bought 5,000 shares of the stock in a transaction dated Wednesday, May 16th. The stock was acquired at an average price of $39.06 per share, with a total value of $195,300.00. Following the completion of the purchase, the director now owns 10,635 shares of the company’s stock, valued at approximately $415,403.10. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.
A number of research firms have commented on HGV. Zacks Investment Research raised shares of Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective for the company in a research note on Tuesday, March 6th. SunTrust Banks set a $50.00 price objective on Hilton Grand Vacations and gave the stock a “buy” rating in a report on Thursday, March 1st. JPMorgan Chase & Co. set a $49.00 price objective on Hilton Grand Vacations and gave the stock a “buy” rating in a report on Friday, May 11th. Wolfe Research began coverage on Hilton Grand Vacations in a report on Friday, June 8th. They issued an “outperform” rating on the stock. Finally, ValuEngine cut Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $48.00.
Shares of HGV traded up $0.68 during mid-day trading on Friday, hitting $36.89. The company’s stock had a trading volume of 81,747 shares, compared to its average volume of 811,703. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 18.44 and a beta of 0.79. Hilton Grand Vacations Inc has a one year low of $32.20 and a one year high of $47.75. The company has a current ratio of 4.92, a quick ratio of 3.47 and a debt-to-equity ratio of 2.56.
Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, May 3rd. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.10). The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $435.86 million. Hilton Grand Vacations had a return on equity of 45.63% and a net margin of 18.28%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. equities analysts predict that Hilton Grand Vacations Inc will post 3.04 EPS for the current year.
About Hilton Grand Vacations
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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