Quantbot Technologies LP Makes New Investment in Hilton Grand Vacations Inc. $HGV

Quantbot Technologies LP bought a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) during the 2nd quarter, Holdings Channel reports. The firm bought 42,718 shares of the company’s stock, valued at approximately $1,774,000.

Other large investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its position in Hilton Grand Vacations by 136.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock worth $37,000 after buying an additional 520 shares during the period. State of Wyoming acquired a new position in shares of Hilton Grand Vacations in the first quarter valued at about $48,000. CWM LLC increased its position in Hilton Grand Vacations by 69.8% during the second quarter. CWM LLC now owns 1,277 shares of the company’s stock worth $53,000 after acquiring an additional 525 shares during the period. Bayforest Capital Ltd acquired a new stake in Hilton Grand Vacations in the 1st quarter worth about $73,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Hilton Grand Vacations in the 1st quarter worth about $104,000. Institutional investors own 97.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on HGV shares. Weiss Ratings restated a “sell (d+)” rating on shares of Hilton Grand Vacations in a research report on Monday, December 1st. Wells Fargo & Company initiated coverage on Hilton Grand Vacations in a research report on Tuesday, November 18th. They set an “equal weight” rating and a $42.00 price target on the stock. Morgan Stanley restated an “overweight” rating and set a $48.00 price objective on shares of Hilton Grand Vacations in a research note on Wednesday, October 22nd. Zacks Research cut Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Finally, Truist Financial reduced their target price on Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $52.75.

Hilton Grand Vacations Stock Performance

Shares of NYSE:HGV opened at $42.33 on Friday. Hilton Grand Vacations Inc. has a 1 year low of $30.59 and a 1 year high of $52.08. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 76.97, a price-to-earnings-growth ratio of 4.71 and a beta of 1.51. The company has a debt-to-equity ratio of 4.67, a current ratio of 5.02 and a quick ratio of 3.12. The company’s 50 day simple moving average is $41.87 and its 200 day simple moving average is $43.28.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.41). Hilton Grand Vacations had a net margin of 1.06% and a return on equity of 9.52%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the business posted $0.67 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, research analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Hilton Grand Vacations declared that its board has approved a share repurchase program on Wednesday, August 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 30,426 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $41.81, for a total value of $1,272,111.06. Following the sale, the insider directly owned 60,270 shares of the company’s stock, valued at $2,519,888.70. This trade represents a 33.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by corporate insiders.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.