1,003,440 Shares in Hilton Grand Vacations Inc. $HGV Bought by TrinityBridge Ltd

TrinityBridge Ltd purchased a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,003,440 shares of the company’s stock, valued at approximately $52,540,000. Hilton Grand Vacations makes up 1.4% of TrinityBridge Ltd’s holdings, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of HGV. BlackRock Inc. purchased a new stake in shares of Hilton Grand Vacations during the second quarter worth about $422,842,000. Arrowstreet Capital Limited Partnership raised its position in shares of Hilton Grand Vacations by 489.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock valued at $66,166,000 after purchasing an additional 1,314,117 shares during the last quarter. Norges Bank purchased a new position in shares of Hilton Grand Vacations in the 4th quarter valued at approximately $32,871,000. Marshall Wace LLP boosted its stake in Hilton Grand Vacations by 142.6% in the 3rd quarter. Marshall Wace LLP now owns 1,163,538 shares of the company’s stock worth $48,648,000 after purchasing an additional 684,025 shares in the last quarter. Finally, UBS Group AG boosted its stake in Hilton Grand Vacations by 34.4% in the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock worth $94,423,000 after purchasing an additional 577,772 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Wall Street Zen downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Barclays dropped their price objective on shares of Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Hilton Grand Vacations in a research report on Friday, May 29th. Finally, Mizuho reduced their target price on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $54.89.

Hilton Grand Vacations Stock Down 1.1%

HGV stock opened at $44.83 on Friday. Hilton Grand Vacations Inc. has a one year low of $36.79 and a one year high of $55.40. The company has a debt-to-equity ratio of 6.18, a quick ratio of 3.20 and a current ratio of 5.02. The firm’s fifty day moving average is $49.33 and its 200 day moving average is $47.03. The firm has a market cap of $3.48 billion, a PE ratio of 25.33, a P/E/G ratio of 0.45 and a beta of 1.53.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.89 earnings per share 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 firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the company posted $0.54 EPS. The company’s revenue was up 7.3% on a year-over-year basis. On average, research analysts forecast that Hilton Grand Vacations Inc. will post 4.61 EPS for the current year.

Hilton Grand Vacations announced that its board has initiated a share repurchase plan on Thursday, August 20th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 17% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, insider Charles R. Jr. Corbin sold 20,691 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $46.90, for a total value of $970,407.90. Following the completion of the transaction, the insider owned 47,924 shares of the company’s stock, valued at approximately $2,247,635.60. This represents a 30.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark D. Wang sold 190,813 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $51.93, for a total value of $9,908,919.09. Following the transaction, the insider owned 904,241 shares in the company, valued at $46,957,235.13. This represents a 17.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.10% of the stock is owned by insiders.

Hilton Grand Vacations Company Profile

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.