Hilton Grand Vacations Inc. $HGV Stake Increased by North Peak Capital Management LLC

North Peak Capital Management LLC raised its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 11.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,810,126 shares of the company’s stock after acquiring an additional 693,495 shares during the quarter. Hilton Grand Vacations makes up about 22.2% of North Peak Capital Management LLC’s investment portfolio, making the stock its biggest position. North Peak Capital Management LLC owned about 0.08% of Hilton Grand Vacations worth $282,825,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. increased its holdings in Hilton Grand Vacations by 136.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock valued at $37,000 after buying an additional 520 shares during the period. State of Wyoming purchased a new position in Hilton Grand Vacations during the 1st quarter worth $48,000. CWM LLC increased its position in Hilton Grand Vacations by 69.8% during the 2nd quarter. CWM LLC now owns 1,277 shares of the company’s stock valued at $53,000 after buying an additional 525 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Hilton Grand Vacations during the first quarter worth about $73,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Hilton Grand Vacations during the first quarter valued at about $104,000. 97.23% of the stock is currently owned by institutional investors.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 30,426 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $41.81, for a total transaction of $1,272,111.06. Following the sale, the insider directly owned 60,270 shares in the company, valued at approximately $2,519,888.70. The trade was a 33.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.30% of the company’s stock.

Hilton Grand Vacations Stock Up 0.7%

HGV stock opened at $42.83 on Friday. The company has a 50 day moving average price of $41.97 and a two-hundred day moving average price of $43.25. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $52.08. The stock has a market capitalization of $3.66 billion, a P/E ratio of 77.87, a PEG ratio of 4.76 and a beta of 1.66. The company has a debt-to-equity ratio of 4.67, a quick ratio of 3.12 and a current ratio of 5.02.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.41). The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Hilton Grand Vacations had a return on equity of 9.52% and a net margin of 1.06%.The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. As a group, sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Hilton Grand Vacations declared that its board has approved a share buyback plan on Wednesday, August 13th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have commented on HGV shares. Wells Fargo & Company started coverage on shares of Hilton Grand Vacations in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $42.00 price objective for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $48.00 price target on shares of Hilton Grand Vacations in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on Hilton Grand Vacations and gave the company a “buy” rating in a research note on Monday, August 4th. Zacks Research downgraded Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Hilton Grand Vacations in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.75.

Hilton Grand Vacations Profile

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.