Dimensional Fund Advisors LP Raises Position in Hilton Grand Vacations Inc. $HGV

Dimensional Fund Advisors LP grew its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 1.6% in the first quarter, HoldingsChannel reports. The fund owned 3,869,731 shares of the company’s stock after purchasing an additional 60,624 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Hilton Grand Vacations were worth $151,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Leonteq Securities AG raised its holdings in Hilton Grand Vacations by 189.7% in the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Hilton Grand Vacations by 743.4% during 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 during the period. Bard Associates Inc. purchased a new stake in Hilton Grand Vacations in the fourth quarter worth about $29,000. GAMMA Investing LLC increased its position in Hilton Grand Vacations by 60.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after buying an additional 349 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Hilton Grand Vacations in the fourth quarter worth about $44,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HGV has been the topic of several analyst reports. 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. The Goldman Sachs Group raised shares of Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price objective for the company in a research note on Monday, June 1st. Barclays raised their price objective on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Morgan Stanley lifted their target price on shares of Hilton Grand Vacations from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Finally, Truist Financial upped their target price on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $57.22.

Insider Activity at Hilton Grand Vacations

In related news, insider Mark D. Wang sold 190,813 shares of the firm’s 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 owned 904,241 shares of the company’s stock, valued at $46,957,235.13. This trade represents a 17.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Carlos Hernandez sold 5,595 shares of Hilton Grand Vacations stock in a transaction dated Tuesday, May 19th. The shares were 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 $657,395.20. The trade was a 28.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 229,315 shares of company stock worth $11,738,497 in the last quarter. 3.10% of the stock is owned by company insiders.

Hilton Grand Vacations Trading Down 0.0%

HGV stock opened at $48.87 on Monday. The firm has a fifty day moving average price of $50.66 and a 200 day moving average price of $47.04. Hilton Grand Vacations Inc. has a fifty-two week low of $36.79 and a fifty-two week high of $55.40. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. The firm has a market cap of $3.87 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 0.43 and a beta of 1.51.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share 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 company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current fiscal 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.