Engineers Gate Manager LP Boosts Stock Position in Hilton Grand Vacations Inc. $HGV

Engineers Gate Manager LP raised its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 690.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,535 shares of the company’s stock after purchasing an additional 36,282 shares during the quarter. Engineers Gate Manager LP’s holdings in Hilton Grand Vacations were worth $2,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Hilton Grand Vacations during the 2nd quarter worth $422,842,000. Dimensional Fund Advisors LP grew its position in Hilton Grand Vacations by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock valued at $151,375,000 after buying an additional 60,624 shares during the period. California State Teachers Retirement System grew its position in Hilton Grand Vacations by 4,985.3% during the second quarter. California State Teachers Retirement System now owns 3,547,963 shares of the company’s stock valued at $185,807,000 after buying an additional 3,478,194 shares during the period. Parsifal Capital Management LP bought a new position in Hilton Grand Vacations during the second quarter valued at about $108,863,038. Finally, Geode Capital Management LLC increased its holdings in Hilton Grand Vacations by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,472,796 shares of the company’s stock worth $65,919,000 after buying an additional 25,020 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles Corbin, Jr. sold 20,691 shares of the business’s stock in a transaction that occurred 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 owned 47,924 shares of the company’s stock, valued at $2,247,635.60. The trade was a 30.16% decrease in their ownership of the stock. 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 insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on HGV shares. The Goldman Sachs Group lowered their price objective on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Wall Street Zen downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research lowered shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Truist Financial lowered their price target on shares of Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Susquehanna assumed coverage on Hilton Grand Vacations in a research note on Tuesday, August 18th. They issued a “neutral” rating and a $50.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $54.67.

Hilton Grand Vacations Trading Down 2.2%

Shares of HGV opened at $38.60 on Tuesday. The business has a 50-day moving average of $45.85 and a 200 day moving average of $46.46. Hilton Grand Vacations Inc. has a fifty-two week low of $36.79 and a fifty-two week high of $55.40. The firm has a market cap of $3.00 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 0.39 and a beta of 1.50. 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 (NYSE:HGV) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.05). The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. Hilton Grand Vacations’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. As a group, research analysts forecast that Hilton Grand Vacations Inc. will post 4.61 EPS for the current year.

Hilton Grand Vacations declared that its board has authorized a share repurchase plan on Thursday, August 20th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the company to purchase up to 17% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc (NYSE:HGV) is a vacation ownership company that develops, markets, sells and manages timeshare interests and related vacation experiences. Its products generally provide members with an allotment of vacation time or points that can be used at participating resorts and accommodations.

The company serves vacation owners through resort properties and membership programs under brands including Hilton Grand Vacations, The Hilton Club and HGV Max. Its offerings may include access to resort accommodations, exchange programs, travel services and other member benefits.