Sei Investments Co. Has $4.71 Million Stake in Hilton Grand Vacations Inc. $HGV

Sei Investments Co. boosted its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 32.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,442 shares of the company’s stock after purchasing an additional 29,697 shares during the period. Sei Investments Co.’s holdings in Hilton Grand Vacations were worth $4,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Leonteq Securities AG raised its holdings in Hilton Grand Vacations by 189.7% during the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after acquiring an additional 440 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after purchasing an additional 565 shares in the last quarter. Bard Associates Inc. bought a new position in Hilton Grand Vacations in the fourth quarter valued at approximately $29,000. Kestra Advisory Services LLC acquired a new position in shares of Hilton Grand Vacations during the 4th quarter worth approximately $44,000. Finally, Quarry LP acquired a new position in shares of Hilton Grand Vacations during the 3rd quarter worth approximately $44,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV opened at $46.93 on Thursday. 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 Inc. has a 12 month low of $36.79 and a 12 month high of $55.40. The stock has a 50 day moving average of $50.61 and a 200-day moving average of $47.09. The company has a market capitalization of $3.65 billion, a P/E ratio of 26.52, a P/E/G ratio of 0.45 and a beta of 1.53.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $0.54 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that Hilton Grand Vacations Inc. will post 4.63 EPS for the current year.

Wall Street Analyst Weigh In

HGV has been the subject of several recent analyst reports. Zacks Research downgraded Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Wall Street Zen downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hilton Grand Vacations in a research report on Friday, May 29th. The Goldman Sachs Group cut their price target on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Finally, Mizuho decreased their price objective on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.00.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Mark D. Wang sold 190,813 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $51.93, for a total value of $9,908,919.09. Following the transaction, the insider directly owned 904,241 shares of the company’s stock, valued at $46,957,235.13. This represents a 17.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carlos Hernandez sold 5,595 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total transaction of $261,230.55. Following the sale, the insider owned 14,080 shares of the company’s stock, valued at approximately $657,395.20. This represents a 28.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 229,315 shares of company stock worth $11,738,497 over the last ninety days. Insiders own 3.10% of the company’s stock.

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.