SummitTX Capital L.P. Acquires New Holdings in Hilton Grand Vacations Inc. $HGV

SummitTX Capital L.P. acquired a new position in Hilton Grand Vacations Inc. (NYSE:HGV) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 108,617 shares of the company’s stock, valued at approximately $4,249,000.

A number of other hedge funds also recently bought and sold shares of HGV. Rangeley Capital LLC boosted its position in Hilton Grand Vacations by 66.7% during the 1st quarter. Rangeley Capital LLC now owns 25,000 shares of the company’s stock valued at $978,000 after acquiring an additional 10,000 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Hilton Grand Vacations in the 1st quarter worth $221,000. Sei Investments Co. lifted its stake in shares of Hilton Grand Vacations by 32.7% during the 1st quarter. Sei Investments Co. now owns 120,442 shares of the company’s stock worth $4,712,000 after purchasing an additional 29,697 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Hilton Grand Vacations by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock worth $151,375,000 after purchasing an additional 60,624 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Hilton Grand Vacations by 12.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,630 shares of the company’s stock valued at $390,000 after purchasing an additional 1,035 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Up 3.6%

Shares of HGV stock opened at $50.64 on Tuesday. 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 stock’s fifty day moving average is $50.74 and its two-hundred day moving average is $47.07. The firm has a market capitalization of $4.01 billion, a P/E ratio of 27.08, a PEG ratio of 0.43 and a beta of 1.51.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Research analysts expect that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 32,907 shares of the company’s stock in a transaction on 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 completion of the sale, the insider directly owned 68,615 shares in the company, valued at $3,270,190.90. This represents a 32.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark D. Wang sold 190,813 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the transaction, the insider directly owned 904,241 shares in the company, valued at approximately $46,957,235.13. The trade was a 17.42% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 229,315 shares of company stock valued at $11,738,497. Corporate insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

HGV has been the topic of several recent analyst reports. Zacks Research lowered shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Wall Street Zen lowered shares of Hilton Grand Vacations from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Barclays lifted 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 report on Friday, May 1st. The Goldman Sachs Group raised Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price objective on the stock in a report on Monday, June 1st. Finally, Wells Fargo & Company reduced their target price on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $57.22.

Hilton Grand Vacations Profile

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.