North Peak Capital Management LLC purchased a new position in Hilton Grand Vacations Inc (NYSE:HGV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 597,881 shares of the company’s stock, valued at approximately $19,025,000. Hilton Grand Vacations comprises 10.7% of North Peak Capital Management LLC’s holdings, making the stock its 6th biggest holding. North Peak Capital Management LLC owned 0.70% of Hilton Grand Vacations as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pittenger & Anderson Inc. acquired a new position in shares of Hilton Grand Vacations in the first quarter worth about $30,000. Quantamental Technologies LLC acquired a new position in Hilton Grand Vacations in the 1st quarter worth approximately $59,000. Poehling Capital Management LLC acquired a new position in Hilton Grand Vacations in the 1st quarter worth approximately $203,000. Piedmont Investment Advisors Inc. purchased a new position in Hilton Grand Vacations during the 1st quarter worth approximately $216,000. Finally, Cerebellum GP LLC purchased a new position in Hilton Grand Vacations during the 1st quarter worth approximately $312,000.
A number of research firms have recently issued reports on HGV. ValuEngine lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research lowered Hilton Grand Vacations from a “buy” rating to a “sell” rating in a research report on Wednesday, August 7th. Nomura set a $29.00 target price on Hilton Grand Vacations and gave the company a “hold” rating in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upgraded Hilton Grand Vacations from an “underweight” rating to a “neutral” rating and set a $33.00 target price on the stock in a report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $36.50.
Shares of Hilton Grand Vacations stock traded up $0.54 on Wednesday, hitting $33.83. 44,562 shares of the company traded hands, compared to its average volume of 1,993,833. The company has a 50-day moving average price of $30.49 and a 200 day moving average price of $30.58. The company has a quick ratio of 3.50, a current ratio of 4.77 and a debt-to-equity ratio of 3.80. Hilton Grand Vacations Inc has a 12-month low of $24.17 and a 12-month high of $35.03. The company has a market cap of $2.85 billion, a PE ratio of 11.06, a PEG ratio of 1.67 and a beta of 1.99.
Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). The firm had revenue of $454.00 million for the quarter, compared to analysts’ expectations of $454.44 million. Hilton Grand Vacations had a return on equity of 46.30% and a net margin of 12.92%. Hilton Grand Vacations’s revenue was down 19.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 earnings per share. Equities research analysts anticipate that Hilton Grand Vacations Inc will post 2.21 EPS for the current year.
In other Hilton Grand Vacations news, insider Barbara L. Hollkamp sold 2,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $33.56, for a total value of $67,120.00. Following the transaction, the insider now directly owns 51,547 shares of the company’s stock, valued at approximately $1,729,917.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.05% of the company’s stock.
About Hilton Grand Vacations
Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.
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