Robotti Robert Takes $786,000 Position in Hilton Grand Vacations Inc. $HGV

Robotti Robert bought a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the second quarter, Holdings Channel reports. The firm bought 15,010 shares of the company’s stock, valued at approximately $786,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Hilton Grand Vacations during the second quarter valued at approximately $422,842,000. Arrowstreet Capital Limited Partnership grew its stake in Hilton Grand Vacations by 489.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock worth $66,166,000 after buying an additional 1,314,117 shares during the period. Norges Bank acquired a new stake in shares of Hilton Grand Vacations in the fourth quarter worth $32,871,000. Marshall Wace LLP increased its position in shares of Hilton Grand Vacations by 142.6% in the third quarter. Marshall Wace LLP now owns 1,163,538 shares of the company’s stock worth $48,648,000 after acquiring an additional 684,025 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Hilton Grand Vacations by 34.4% in the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock valued at $94,423,000 after acquiring an additional 577,772 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 32,907 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total value of $1,568,347.62. Following the sale, the insider directly owned 68,615 shares of the company’s stock, valued at $3,270,190.90. This trade represents a 32.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark D. Wang sold 190,813 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $51.93, for a total value of $9,908,919.09. Following the completion of the sale, the insider owned 904,241 shares in the company, valued at $46,957,235.13. The trade was a 17.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 244,411 shares of company stock valued at $12,447,675. 3.10% of the stock is owned by company insiders.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock opened at $43.61 on Wednesday. The firm’s 50-day simple moving average is $49.55 and its 200-day simple moving average is $47.02. Hilton Grand Vacations Inc. has a 1 year low of $36.79 and a 1 year high of $55.40. The firm has a market cap of $3.39 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 0.44 and a beta of 1.53. The company has a debt-to-equity ratio of 6.18, a quick ratio of 3.20 and a current ratio of 5.02.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that Hilton Grand Vacations Inc. will post 4.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HGV. Weiss Ratings restated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Morgan Stanley lowered their price target on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday. Barclays cut their price objective on Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Zacks Research cut Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Finally, The Goldman Sachs Group decreased their target price on Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Hilton Grand Vacations has a consensus rating of “Hold” and a consensus price target of $54.89.

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.