Norges Bank Makes New $32.87 Million Investment in Hilton Grand Vacations Inc. $HGV

Norges Bank acquired a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 734,537 shares of the company’s stock, valued at approximately $32,871,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Hilton Grand Vacations by 743.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after acquiring an additional 565 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Hilton Grand Vacations by 60.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after acquiring an additional 349 shares during the last quarter. Quarry LP bought a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $44,000. State of Wyoming bought a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $56,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $92,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Trading Down 2.5%

Shares of HGV stock opened at $48.51 on Tuesday. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. Hilton Grand Vacations Inc. has a 1 year low of $36.79 and a 1 year high of $53.82. The stock has a fifty day moving average of $46.40 and a two-hundred day moving average of $45.14. The firm has a market capitalization of $3.85 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 0.44 and a beta of 1.50.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, research analysts expect that Hilton Grand Vacations Inc. will post 5.11 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their price target on Hilton Grand Vacations from $49.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, April 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Jefferies Financial Group boosted their price target on Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a report on Monday, March 2nd. Zacks Research upgraded Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Finally, Truist Financial boosted their price target on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.89.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Mark D. Wang sold 190,813 shares of the business’s stock in a transaction 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 transaction, the insider owned 904,241 shares in the company, valued at approximately $46,957,235.13. The trade was a 17.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $47.66, for a total value of $1,568,347.62. Following the completion of the sale, the insider owned 68,615 shares of the company’s stock, valued at approximately $3,270,190.90. This trade represents a 32.41% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 229,315 shares of company stock worth $11,738,497. 3.10% of the stock is owned by company insiders.

About Hilton Grand Vacations

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.