Danske Bank A S Buys Shares of 129,769 Hilton Grand Vacations Inc. $HGV

Danske Bank A S purchased a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 129,769 shares of the company’s stock, valued at approximately $6,796,000. Danske Bank A S owned approximately 0.17% of Hilton Grand Vacations at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Hilton Grand Vacations in the second quarter valued at approximately $422,842,000. Arrowstreet Capital Limited Partnership boosted its position in Hilton Grand Vacations by 489.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock worth $66,166,000 after buying an additional 1,314,117 shares during the period. Norges Bank acquired a new stake in Hilton Grand Vacations during the 4th quarter worth approximately $32,871,000. Marshall Wace LLP grew its holdings in Hilton Grand Vacations by 142.6% during the 3rd quarter. Marshall Wace LLP now owns 1,163,538 shares of the company’s stock worth $48,648,000 after acquiring an additional 684,025 shares during the last quarter. Finally, UBS Group AG grew its holdings in Hilton Grand Vacations by 34.4% during the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock worth $94,423,000 after acquiring an additional 577,772 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Price Performance

Shares of NYSE HGV opened at $45.05 on Friday. The firm’s 50-day moving average price is $49.22 and its 200-day moving average price is $47.01. Hilton Grand Vacations Inc. has a 1-year low of $36.79 and a 1-year high of $55.40. The firm has a market capitalization of $3.50 billion, a P/E ratio of 25.45, a P/E/G ratio of 0.44 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 (NYSE:HGV) last issued its earnings results on Thursday, July 30th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.05). Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Hilton Grand Vacations Inc. will post 4.61 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has approved a share buyback plan on Thursday, August 20th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the company to reacquire up to 17% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity at Hilton Grand Vacations

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

Wall Street Analyst Weigh In

HGV has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Truist Financial boosted their price objective on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Susquehanna started coverage on Hilton Grand Vacations in a report on Tuesday. They issued a “neutral” rating and a $50.00 price objective for the company. Morgan Stanley decreased their price objective on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Zacks Research lowered Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.