Ranger Global Real Estate Advisors LLC Takes $7.10 Million Position in Hilton Grand Vacations (HGV)

Ranger Global Real Estate Advisors LLC purchased a new stake in Hilton Grand Vacations (NYSE:HGV) during the first quarter, HoldingsChannel.com reports. The fund purchased 165,000 shares of the company’s stock, valued at approximately $7,098,000. Hilton Grand Vacations makes up approximately 2.3% of Ranger Global Real Estate Advisors LLC’s holdings, making the stock its 17th largest holding.

A number of other institutional investors have also bought and sold shares of HGV. Bank of Montreal Can raised its stake in Hilton Grand Vacations by 1,573.6% in the fourth quarter. Bank of Montreal Can now owns 8,318 shares of the company’s stock valued at $349,000 after buying an additional 7,821 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Hilton Grand Vacations by 13.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 235,542 shares of the company’s stock valued at $9,881,000 after buying an additional 27,653 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Hilton Grand Vacations in the fourth quarter valued at $226,000. Victory Capital Management Inc. raised its stake in Hilton Grand Vacations by 28.1% in the fourth quarter. Victory Capital Management Inc. now owns 768,695 shares of the company’s stock valued at $32,247,000 after buying an additional 168,660 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in Hilton Grand Vacations by 1,399.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 172,439 shares of the company’s stock valued at $7,234,000 after buying an additional 160,940 shares in the last quarter.

HGV opened at $40.20 on Thursday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 3.47 and a current ratio of 4.92. Hilton Grand Vacations has a one year low of $32.20 and a one year high of $47.75. The stock has a market cap of $3.90 billion, a PE ratio of 20.41 and a beta of 0.79.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, May 3rd. The company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.10). Hilton Grand Vacations had a return on equity of 45.63% and a net margin of 18.28%. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $435.86 million. During the same quarter last year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. equities research analysts anticipate that Hilton Grand Vacations will post 3.04 EPS for the current year.

In other news, Director Leonard Potter bought 25,000 shares of the business’s stock in a transaction dated Thursday, May 10th. The shares were acquired at an average price of $40.38 per share, for a total transaction of $1,009,500.00. Following the completion of the transaction, the director now owns 30,000 shares of the company’s stock, valued at $1,211,400. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul W. Whetsell bought 5,000 shares of the business’s stock in a transaction dated Wednesday, May 16th. The shares were purchased at an average price of $39.06 per share, for a total transaction of $195,300.00. Following the transaction, the director now directly owns 10,635 shares of the company’s stock, valued at approximately $415,403.10. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by insiders.

A number of analysts have weighed in on HGV shares. SunTrust Banks set a $50.00 price target on Hilton Grand Vacations and gave the company a “buy” rating in a research note on Thursday, March 1st. Credit Suisse Group started coverage on Hilton Grand Vacations in a research note on Friday, May 18th. They issued an “outperform” rating and a $48.00 price target on the stock. Zacks Investment Research cut Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. JPMorgan Chase & Co. set a $49.00 price target on Hilton Grand Vacations and gave the company a “buy” rating in a research note on Friday, May 11th. Finally, ValuEngine cut Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Hilton Grand Vacations presently has an average rating of “Buy” and a consensus target price of $47.14.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing; and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.

Want to see what other hedge funds are holding HGV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Grand Vacations (NYSE:HGV).

Institutional Ownership by Quarter for Hilton Grand Vacations (NYSE:HGV)

Receive News & Ratings for Hilton Grand Vacations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Grand Vacations and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply