Hilton Grand Vacations Inc (HGV) Stake Increased by Victory Capital Management Inc.

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Victory Capital Management Inc. lifted its holdings in Hilton Grand Vacations Inc (NYSE:HGV) by 0.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 480,550 shares of the company’s stock after acquiring an additional 3,415 shares during the quarter. Victory Capital Management Inc.’s holdings in Hilton Grand Vacations were worth $14,825,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of Hilton Grand Vacations by 1.5% in the fourth quarter. BlackRock Inc. now owns 4,172,282 shares of the company’s stock worth $110,107,000 after buying an additional 62,022 shares during the period. Norges Bank purchased a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $33,159,000. Dimensional Fund Advisors LP raised its holdings in shares of Hilton Grand Vacations by 30.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 982,307 shares of the company’s stock worth $25,923,000 after acquiring an additional 231,148 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hilton Grand Vacations by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 880,344 shares of the company’s stock worth $23,232,000 after acquiring an additional 42,543 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Hilton Grand Vacations by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 738,164 shares of the company’s stock worth $19,479,000 after acquiring an additional 9,272 shares in the last quarter.

In related news, Director Leonard Potter bought 10,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $27.50 per share, for a total transaction of $275,000.00. Following the completion of the acquisition, the director now directly owns 72,348 shares in the company, valued at $1,989,570. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.05% of the stock is owned by company insiders.

Shares of NYSE:HGV traded down $0.28 during midday trading on Monday, hitting $27.05. 2,152 shares of the stock were exchanged, compared to its average volume of 1,613,339. Hilton Grand Vacations Inc has a 52-week low of $24.17 and a 52-week high of $40.65. The company has a current ratio of 5.12, a quick ratio of 3.77 and a debt-to-equity ratio of 2.78. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 1.13 and a beta of 1.66.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Wednesday, May 1st. The company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.05). Hilton Grand Vacations had a net margin of 15.51% and a return on equity of 56.92%. The company had revenue of $450.00 million for the quarter, compared to the consensus estimate of $455.20 million. During the same quarter last year, the business earned $0.30 earnings per share. Hilton Grand Vacations’s quarterly revenue was up 22.6% on a year-over-year basis. On average, sell-side analysts forecast that Hilton Grand Vacations Inc will post 2.69 EPS for the current year.

Several analysts recently issued reports on HGV shares. Credit Suisse Group reiterated an “outperform” rating and set a $37.00 price objective on shares of Hilton Grand Vacations in a report on Wednesday, March 20th. ValuEngine lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, February 4th. SunTrust Banks increased their price objective on Hilton Grand Vacations to $51.00 and gave the stock a “buy” rating in a report on Friday, March 1st. They noted that the move was a valuation call. TheStreet upgraded Hilton Grand Vacations from a “c” rating to a “b-” rating in a report on Tuesday, February 19th. Finally, Zacks Investment Research upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Hilton Grand Vacations has an average rating of “Hold” and an average price target of $37.33.

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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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Institutional Ownership by Quarter for Hilton Grand Vacations (NYSE:HGV)

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