Hilton Grand Vacations Inc. $HGV is Breach Inlet Capital Management LLC’s Largest Position

Breach Inlet Capital Management LLC lifted its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 845,463 shares of the company’s stock after purchasing an additional 63,548 shares during the period. Hilton Grand Vacations accounts for approximately 17.8% of Breach Inlet Capital Management LLC’s portfolio, making the stock its largest position. Breach Inlet Capital Management LLC’s holdings in Hilton Grand Vacations were worth $37,834,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HGV. AQR Capital Management LLC purchased a new stake in shares of Hilton Grand Vacations during the first quarter worth about $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Hilton Grand Vacations by 1.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock worth $1,545,000 after purchasing an additional 615 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Hilton Grand Vacations by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock worth $6,748,000 after purchasing an additional 3,705 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Hilton Grand Vacations by 24.5% during the first quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock worth $1,629,000 after purchasing an additional 8,567 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after purchasing an additional 565 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HGV shares. Mizuho dropped their target price on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Jefferies Financial Group increased their price target on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. Barclays increased their price target on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Morgan Stanley increased their price target on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, April 10th. Finally, Wall Street Zen raised shares of Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.89.

Hilton Grand Vacations Price Performance

Shares of NYSE HGV opened at $52.06 on Thursday. Hilton Grand Vacations Inc. has a fifty-two week low of $36.79 and a fifty-two week high of $53.82. The company has a 50 day simple moving average of $47.95 and a two-hundred day simple moving average of $45.66. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 0.46 and a beta of 1.50. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.43. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts expect that Hilton Grand Vacations Inc. will post 5.11 EPS for the current fiscal year.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Mark D. Wang sold 190,813 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the completion of the transaction, the insider owned 904,241 shares of the company’s stock, valued at approximately $46,957,235.13. This trade represents a 17.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carlos Hernandez sold 5,595 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total transaction of $261,230.55. Following the transaction, the insider directly owned 14,080 shares of the company’s stock, valued at $657,395.20. This represents a 28.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 229,315 shares of company stock valued at $11,738,497. Corporate insiders own 3.10% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.