Deutsche Bank AG Invests $7.06 Million in Hilton Grand Vacations Inc. $HGV

Deutsche Bank AG bought a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 134,827 shares of the company’s stock, valued at approximately $7,061,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HGV. Persistent Asset Partners Ltd bought a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at approximately $63,000. Bank of New York Mellon Corp acquired a new stake in Hilton Grand Vacations in the second quarter valued at approximately $18,750,000. State of Wyoming bought a new stake in shares of Hilton Grand Vacations during the second quarter worth $311,000. Handelsbanken Fonder AB increased its holdings in shares of Hilton Grand Vacations by 4.7% during the second quarter. Handelsbanken Fonder AB now owns 22,209 shares of the company’s stock worth $1,163,000 after buying an additional 1,000 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Hilton Grand Vacations by 28.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 12,625 shares of the company’s stock worth $661,000 after buying an additional 2,775 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV opened at $45.39 on Tuesday. The firm has a market cap of $3.53 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 0.44 and a beta of 1.53. The firm’s fifty day moving average is $49.10 and its 200-day moving average is $47.02. 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 Inc. has a 52 week low of $36.79 and a 52 week high of $55.40.

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 the consensus estimate of $0.94 by ($0.05). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. Sell-side analysts predict that Hilton Grand Vacations Inc. will post 4.61 earnings per share for the current year.

Hilton Grand Vacations announced that its board has authorized a share repurchase plan on Thursday, August 20th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the company to reacquire up to 17% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other Hilton Grand Vacations news, insider Mark D. Wang sold 190,813 shares of the company’s stock in a transaction dated 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 sale, the insider owned 904,241 shares in the company, valued at approximately $46,957,235.13. The trade was a 17.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Charles R. Jr. Corbin sold 20,691 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the completion of the sale, the insider directly owned 47,924 shares of the company’s stock, valued at approximately $2,247,635.60. The trade was a 30.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HGV. Zacks Research downgraded Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Barclays lowered their target price on Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Morgan Stanley dropped their target price on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 18th. Mizuho cut their price target on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, Truist Financial boosted their price target on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $54.89.

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.