Cibc World Markets Corp Acquires New Holdings in Hilton Grand Vacations Inc. (HGV)
Cibc World Markets Corp acquired a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 225,000 shares of the company’s stock, valued at approximately $8,114,000. Cibc World Markets Corp owned about 0.23% of Hilton Grand Vacations at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of HGV. Gateway Investment Advisers LLC lifted its holdings in shares of Hilton Grand Vacations by 220.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 89,482 shares of the company’s stock valued at $3,227,000 after purchasing an additional 61,562 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Hilton Grand Vacations by 129.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock valued at $223,000 after purchasing an additional 3,500 shares during the last quarter. First Quadrant L P CA purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at $2,911,000. Highland Capital Management LLC purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at $914,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at $625,000. Hedge funds and other institutional investors own 97.90% of the company’s stock.
In other news, Director David William Johnson acquired 28,000 shares of the stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $35.16 per share, for a total transaction of $984,480.00. Following the transaction, the director now directly owns 33,000 shares of the company’s stock, valued at $1,160,280. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.46% of the stock is owned by company insiders.
Hilton Grand Vacations Inc. (NYSE:HGV) opened at 38.44 on Monday. The company has a 50 day moving average price of $36.26 and a 200 day moving average price of $36.26. The firm has a market capitalization of $3.81 billion and a P/E ratio of 21.88. Hilton Grand Vacations Inc. has a 52-week low of $24.60 and a 52-week high of $38.62.
Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $413.33 million. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts forecast that Hilton Grand Vacations Inc. will post $1.94 EPS for the current fiscal year.
Several analysts have recently commented on the company. Zacks Investment Research lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating in a report on Friday. Instinet reiterated a “buy” rating and set a $45.00 price objective (up previously from $44.00) on shares of Hilton Grand Vacations in a report on Wednesday, August 9th. Nomura increased their price objective on Hilton Grand Vacations from $44.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Buckingham Research assumed coverage on Hilton Grand Vacations in a report on Monday, June 19th. They set a “buy” rating and a $42.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eight 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 $38.44.
Hilton Grand Vacations Profile
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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