Long Pond Capital LP lifted its position in shares of Hilton Grand Vacations Inc (NYSE:HGV) by 34.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,867,092 shares of the company’s stock after buying an additional 2,000,000 shares during the quarter. Hilton Grand Vacations makes up 7.5% of Long Pond Capital LP’s investment portfolio, making the stock its 3rd largest position. Long Pond Capital LP owned about 0.09% of Hilton Grand Vacations worth $250,331,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of HGV. Dimensional Fund Advisors LP grew 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 buying an additional 231,148 shares in the last quarter. Geode Capital Management LLC grew 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 buying an additional 42,543 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Hilton Grand Vacations by 0.6% during the first quarter. Rhumbline Advisers now owns 94,016 shares of the company’s stock worth $2,900,000 after buying an additional 594 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Hilton Grand Vacations by 0.7% during the first quarter. Victory Capital Management Inc. now owns 480,550 shares of the company’s stock worth $14,825,000 after buying an additional 3,415 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Hilton Grand Vacations by 1.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 93,684 shares of the company’s stock worth $2,890,000 after buying an additional 1,450 shares in the last quarter.
In related news, insider Barbara L. Hollkamp sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $33.56, for a total value of $67,120.00. Following the completion of the sale, the insider now directly owns 51,547 shares in the company, valued at $1,729,917.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.05% of the stock is currently owned by insiders.
HGV has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Hilton Grand Vacations from an “underweight” rating to a “neutral” rating and set a $33.00 price target for the company in a report on Tuesday, August 20th. Nomura set a $29.00 price target on shares of Hilton Grand Vacations and gave the stock a “hold” rating in a report on Wednesday, August 21st. ValuEngine downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Hilton Grand Vacations from a “buy” rating to a “sell” rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $36.50.
Hilton Grand Vacations stock opened at $34.15 on Friday. Hilton Grand Vacations Inc has a 1 year low of $24.17 and a 1 year high of $35.03. The firm has a 50 day moving average price of $30.52 and a 200 day moving average price of $30.59. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.68 and a beta of 1.99. The company has a debt-to-equity ratio of 3.80, a quick ratio of 3.50 and a current ratio of 4.77.
Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Hilton Grand Vacations had a net margin of 12.92% and a return on equity of 46.30%. The company had revenue of $454.00 million during the quarter, compared to analysts’ expectations of $454.44 million. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Hilton Grand Vacations’s revenue for the quarter was down 19.4% compared to the same quarter last year. Sell-side analysts predict that Hilton Grand Vacations Inc will post 2.21 EPS for the current year.
Hilton Grand Vacations Company Profile
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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