Swiss National Bank Sells 16,100 Shares of Hilton Grand Vacations Inc. $HGV

Swiss National Bank lowered its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 12.1% in the second quarter, Holdings Channel reports. The firm owned 117,460 shares of the company’s stock after selling 16,100 shares during the quarter. Swiss National Bank’s holdings in Hilton Grand Vacations were worth $4,878,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its position in Hilton Grand Vacations by 136.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock worth $37,000 after buying an additional 520 shares in the last quarter. CWM LLC increased its position in shares of Hilton Grand Vacations by 69.8% in the second quarter. CWM LLC now owns 1,277 shares of the company’s stock valued at $53,000 after acquiring an additional 525 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Hilton Grand Vacations by 1.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock worth $1,545,000 after acquiring an additional 615 shares in the last quarter. State of Wyoming acquired a new position in Hilton Grand Vacations during the first quarter valued at approximately $48,000. Finally, State of New Jersey Common Pension Fund D boosted its position in Hilton Grand Vacations by 3.9% during the second quarter. State of New Jersey Common Pension Fund D now owns 48,806 shares of the company’s stock valued at $2,027,000 after purchasing an additional 1,818 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 30,426 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $41.81, for a total transaction of $1,272,111.06. Following the transaction, the insider owned 60,270 shares in the company, valued at $2,519,888.70. This trade represents a 33.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HGV has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $48.00 price target on shares of Hilton Grand Vacations in a research report on Wednesday, October 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of Hilton Grand Vacations in a report on Monday. Truist Financial cut their price target on shares of Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Zacks Research downgraded shares of Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Finally, Wells Fargo & Company assumed coverage on shares of Hilton Grand Vacations in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $42.00 target price on the stock. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Hilton Grand Vacations currently has a consensus rating of “Hold” and an average price target of $52.75.

Hilton Grand Vacations Trading Down 1.3%

Shares of HGV stock opened at $41.84 on Wednesday. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $52.08. The company has a market capitalization of $3.58 billion, a PE ratio of 76.07, a price-to-earnings-growth ratio of 4.71 and a beta of 1.51. The firm has a 50 day moving average price of $41.91 and a two-hundred day moving average price of $43.26. The company has a quick ratio of 3.12, a current ratio of 5.02 and a debt-to-equity ratio of 4.67.

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

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

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.