MQS Management LLC Acquires Shares of 15,527 Hilton Grand Vacations Inc. $HGV

MQS Management LLC acquired a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,527 shares of the company’s stock, valued at approximately $645,000.

A number of other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Hilton Grand Vacations by 14.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,361,156 shares of the company’s stock valued at $125,737,000 after purchasing an additional 425,925 shares during the period. Long Pond Capital LP increased its stake in Hilton Grand Vacations by 32.1% in the first quarter. Long Pond Capital LP now owns 1,829,495 shares of the company’s stock valued at $68,441,000 after purchasing an additional 444,240 shares during the period. Mudita Advisors LLP increased its stake in Hilton Grand Vacations by 14.2% in the first quarter. Mudita Advisors LLP now owns 1,097,665 shares of the company’s stock valued at $41,064,000 after purchasing an additional 136,700 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Hilton Grand Vacations by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 917,221 shares of the company’s stock valued at $34,313,000 after purchasing an additional 25,164 shares during the period. Finally, Breach Inlet Capital Management LLC increased its stake in Hilton Grand Vacations by 57.3% in the first quarter. Breach Inlet Capital Management LLC now owns 646,656 shares of the company’s stock valued at $24,191,000 after purchasing an additional 235,602 shares during the period. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HGV has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research note on Thursday. The Goldman Sachs Group reiterated a “sell” rating and set a $39.00 price target on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Morgan Stanley reiterated an “overweight” rating and set a $48.00 price target on shares of Hilton Grand Vacations in a research note on Wednesday. Barclays boosted their price target on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hilton Grand Vacations in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.71.

Insider Buying and Selling

In related news, insider Mark D. Wang sold 46,364 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the sale, the insider owned 801,681 shares of the company’s stock, valued at approximately $37,951,578.54. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Hilton Grand Vacations Stock Up 0.1%

HGV stock opened at $45.24 on Friday. The company has a market cap of $4.03 billion, a P/E ratio of 82.25, a P/E/G ratio of 4.05 and a beta of 1.65. Hilton Grand Vacations Inc. has a 52 week low of $30.59 and a 52 week high of $52.08. The company’s 50-day moving average price is $44.63 and its 200 day moving average price is $42.33. The company has a current ratio of 4.43, a quick ratio of 2.77 and a debt-to-equity ratio of 4.31.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%.The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS. On average, research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its board has approved a share repurchase program on Wednesday, August 13th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.