105,709 Shares in Hilton Grand Vacations Inc. $HGV Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 105,709 shares of the company’s stock, valued at approximately $5,536,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HGV. Persistent Asset Partners Ltd bought a new position in shares of Hilton Grand Vacations in the second quarter valued at approximately $63,000. Bard Associates Inc. acquired a new stake in shares of Hilton Grand Vacations in the fourth quarter worth $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after buying an additional 565 shares during the period. Leonteq Securities AG boosted its holdings in shares of Hilton Grand Vacations by 189.7% during the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after buying an additional 440 shares during the period. Finally, Allworth Financial LP acquired a new position in Hilton Grand Vacations in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 20,691 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the sale, the insider directly owned 47,924 shares in the company, valued at $2,247,635.60. This trade represents a 30.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HGV shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Wednesday, August 26th. Barclays decreased their price target on shares of 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. Truist Financial raised their price target on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Morgan Stanley dropped their price objective on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 18th. Finally, Mizuho cut their price objective on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” 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 given a Hold rating to the company’s stock. According to MarketBeat.com, Hilton Grand Vacations has an average rating of “Hold” and an average target price of $54.89.

Hilton Grand Vacations Stock Down 3.1%

HGV opened at $42.46 on Tuesday. The business has a 50 day moving average of $48.28 and a 200-day moving average of $46.92. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 0.43 and a beta of 1.53. The company has a current ratio of 5.02, a quick ratio of 3.20 and a debt-to-equity ratio of 6.18. Hilton Grand Vacations Inc. has a 1-year low of $36.79 and a 1-year high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last announced its 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). The company had revenue of $1.36 billion for 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 company’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.54 EPS. As a group, sell-side analysts anticipate 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 stock buyback plan on Thursday, August 20th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 17% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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.