Arrowstreet Capital Limited Partnership Trims Stock Holdings in Hilton Grand Vacations Inc. $HGV

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 4.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,394,795 shares of the company’s stock after selling 62,462 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Hilton Grand Vacations were worth $54,564,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Hilton Grand Vacations by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock worth $151,375,000 after acquiring an additional 60,624 shares in the last quarter. Mudita Advisors LLP increased its stake in shares of Hilton Grand Vacations by 11.7% during the fourth quarter. Mudita Advisors LLP now owns 2,607,012 shares of the company’s stock valued at $116,664,000 after purchasing an additional 273,866 shares in the last quarter. UBS Group AG lifted its holdings in shares of Hilton Grand Vacations by 34.4% during the third quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock valued at $94,423,000 after purchasing an additional 577,772 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Hilton Grand Vacations by 36.8% during the fourth quarter. Franklin Resources Inc. now owns 1,936,994 shares of the company’s stock valued at $86,680,000 after purchasing an additional 521,109 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Hilton Grand Vacations by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,472,796 shares of the company’s stock worth $65,919,000 after purchasing an additional 25,020 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Up 3.6%

Hilton Grand Vacations stock opened at $50.64 on Tuesday. The stock has a market cap of $4.01 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 0.43 and a beta of 1.51. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. Hilton Grand Vacations Inc. has a one year low of $36.79 and a one year high of $55.40. The stock has a fifty day moving average of $50.74 and a 200 day moving average of $47.07.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results 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 net margin of 3.16% and a return on equity of 17.62%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm earned $0.09 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts predict that Hilton Grand Vacations Inc. will post 5.11 EPS for the current year.

Insider Activity at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 32,907 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.66, for a total value of $1,568,347.62. Following the transaction, the insider directly owned 68,615 shares in the company, valued at $3,270,190.90. The trade was a 32.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark D. Wang sold 190,813 shares of the business’s stock in a transaction that occurred on 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 directly owned 904,241 shares in the company, valued at approximately $46,957,235.13. This represents a 17.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 229,315 shares of company stock worth $11,738,497. 3.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HGV has been the topic of a number of recent research reports. Wall Street Zen cut Hilton Grand Vacations from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Wells Fargo & Company lowered their price target on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Morgan Stanley increased their price objective on shares of Hilton Grand Vacations from $55.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Finally, Zacks Research lowered shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $57.22.

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.