AdvisorShares Investments LLC Invests $430,000 in Hilton Grand Vacations Inc. $HGV

AdvisorShares Investments LLC bought a new position in Hilton Grand Vacations Inc. (NYSE:HGV) during the first quarter, according to its most recent filing with the SEC. The firm bought 11,000 shares of the company’s stock, valued at approximately $430,000.

Other hedge funds have also bought and sold shares of the company. WINTON GROUP Ltd purchased a new position in Hilton Grand Vacations in the third quarter worth $4,386,000. Tudor Investment Corp ET AL purchased a new stake in shares of Hilton Grand Vacations during the 3rd quarter valued at $6,956,000. Geode Capital Management LLC increased its position in shares of Hilton Grand Vacations by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,472,796 shares of the company’s stock valued at $65,919,000 after purchasing an additional 25,020 shares during the last quarter. TFJ Management LLC raised its stake in shares of Hilton Grand Vacations by 17.1% during the 3rd quarter. TFJ Management LLC now owns 266,171 shares of the company’s stock worth $11,129,000 after purchasing an additional 38,780 shares during the period. Finally, Iridian Asset Management LLC CT raised its stake in shares of Hilton Grand Vacations by 69.7% during the 4th quarter. Iridian Asset Management LLC CT now owns 464,964 shares of the company’s stock worth $20,807,000 after purchasing an additional 190,909 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

Analyst Upgrades and Downgrades

HGV has been the subject of several research reports. The Goldman Sachs Group upgraded shares of Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price target for the company in a research report on Monday, June 1st. Barclays lifted their price objective on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Morgan Stanley boosted their target price on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, April 10th. Truist Financial raised their price target on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Wells Fargo & Company lowered their price target on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $56.89.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 32,907 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was 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 in the company, valued at approximately $3,270,190.90. The trade was a 32.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark D. Wang sold 190,813 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $51.93, for a total value of $9,908,919.09. Following the completion of the transaction, the insider owned 904,241 shares of the company’s stock, valued at approximately $46,957,235.13. This represents a 17.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 229,315 shares of company stock worth $11,738,497. 3.10% of the stock is owned by company insiders.

Hilton Grand Vacations Stock Down 0.5%

Hilton Grand Vacations stock opened at $52.66 on Monday. Hilton Grand Vacations Inc. has a 1-year low of $36.79 and a 1-year high of $55.40. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 0.47 and a beta of 1.51. The company has a current ratio of 4.33, a quick ratio of 2.64 and a debt-to-equity ratio of 5.41. The firm has a 50 day simple moving average of $49.56 and a 200 day simple moving average of $46.53.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the business posted $0.09 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts predict that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current year.

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.