Sanctuary Advisors LLC Takes $1.21 Million Position in Hilton Grand Vacations Inc. $HGV

Sanctuary Advisors LLC bought a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 23,124 shares of the company’s stock, valued at approximately $1,211,000.

Several other institutional investors have also recently added to or reduced their stakes in HGV. Persistent Asset Partners Ltd acquired a new position in Hilton Grand Vacations in the second quarter valued at approximately $63,000. Bard Associates Inc. purchased a new position in Hilton Grand Vacations in the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC raised 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 worth $27,000 after purchasing an additional 565 shares in the last quarter. Leonteq Securities AG raised its holdings in Hilton Grand Vacations by 189.7% during the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares in the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 20,691 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total transaction of $970,407.90. Following the transaction, the insider directly owned 47,924 shares of the company’s stock, valued at approximately $2,247,635.60. This trade represents a 30.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Wall Street Zen cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Susquehanna began coverage on shares of Hilton Grand Vacations in a research note on Tuesday, August 18th. They issued a “neutral” rating and a $50.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Finally, Truist Financial raised their price objective on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hilton Grand Vacations has an average rating of “Hold” and a consensus price target of $54.89.

Hilton Grand Vacations Price Performance

HGV stock opened at $43.71 on Friday. The company has a market capitalization of $3.40 billion, a P/E ratio of 24.70, a PEG ratio of 0.44 and a beta of 1.53. Hilton Grand Vacations Inc. has a twelve month low of $36.79 and a twelve month high of $55.40. The business has a 50 day simple moving average of $48.65 and a 200-day simple moving average of $46.97. The company has a current ratio of 5.02, a quick ratio of 3.20 and a debt-to-equity ratio of 6.18.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. As a group, equities analysts anticipate that Hilton Grand Vacations Inc. will post 4.61 EPS for the current year.

Hilton Grand Vacations announced that its Board of Directors has approved a share repurchase plan on Thursday, August 20th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the company to repurchase up to 17% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

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.