Robotti Robert Buys Shares of 15,010 Hilton Grand Vacations Inc. $HGV

Robotti Robert purchased a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,010 shares of the company’s stock, valued at approximately $786,000.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC purchased a new position in shares of Hilton Grand Vacations during the 1st quarter worth approximately $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hilton Grand Vacations by 1.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock valued at $1,545,000 after buying an additional 615 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Hilton Grand Vacations by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock valued at $6,748,000 after buying an additional 3,705 shares in the last quarter. Intech Investment Management LLC grew its holdings in Hilton Grand Vacations by 24.5% during the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock valued at $1,629,000 after buying an additional 8,567 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after buying an additional 565 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Mark D. Wang sold 190,813 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the completion of the sale, the insider directly owned 904,241 shares of the company’s stock, valued at $46,957,235.13. The trade was a 17.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the sale, the insider directly owned 68,615 shares of the company’s stock, valued at $3,270,190.90. This represents a 32.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 244,411 shares of company stock worth $12,447,675. 3.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on HGV. Wall Street Zen downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Truist Financial upped their price objective on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Morgan Stanley dropped their price objective on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Mizuho cut their target price on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Three investment 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 currently has an average rating of “Hold” and an average price target of $54.89.

Hilton Grand Vacations Trading Down 2.9%

NYSE HGV opened at $43.61 on Wednesday. Hilton Grand Vacations Inc. has a 12 month low of $36.79 and a 12 month high of $55.40. The company has a 50-day moving average of $49.55 and a 200-day moving average of $47.02. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20. The company has a market cap of $3.39 billion, a P/E ratio of 24.64, a P/E/G ratio of 0.44 and a beta of 1.53.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.05). Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business posted $0.54 earnings per share. Hilton Grand Vacations’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts predict that Hilton Grand Vacations Inc. will post 4.79 earnings per share for the current year.

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.