Hilton Grand Vacations Inc. (NYSE:HGV) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV – Get Rating) by 123.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,690 shares of the company’s stock after purchasing an additional 12,520 shares during the period. Ensign Peak Advisors Inc’s holdings in Hilton Grand Vacations were worth $746,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Parsifal Capital Management LP increased its stake in Hilton Grand Vacations by 1.8% during the second quarter. Parsifal Capital Management LP now owns 4,930,394 shares of the company’s stock valued at $176,163,000 after purchasing an additional 87,707 shares during the last quarter. Invesco Ltd. grew its position in shares of Hilton Grand Vacations by 120.0% during the first quarter. Invesco Ltd. now owns 2,130,560 shares of the company’s stock worth $110,810,000 after acquiring an additional 1,162,310 shares during the last quarter. State Street Corp grew its position in shares of Hilton Grand Vacations by 1.7% during the second quarter. State Street Corp now owns 1,776,905 shares of the company’s stock worth $63,489,000 after acquiring an additional 29,413 shares during the last quarter. Millennium Management LLC grew its position in shares of Hilton Grand Vacations by 121.9% during the second quarter. Millennium Management LLC now owns 1,261,303 shares of the company’s stock worth $45,066,000 after acquiring an additional 692,840 shares during the last quarter. Finally, Minot Capital LP grew its position in shares of Hilton Grand Vacations by 14.4% during the second quarter. Minot Capital LP now owns 1,021,643 shares of the company’s stock worth $36,503,000 after acquiring an additional 128,580 shares during the last quarter. 93.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Mark D. Wang sold 49,850 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $47.69, for a total value of $2,377,346.50. Following the completion of the sale, the insider now directly owns 545,114 shares of the company’s stock, valued at approximately $25,996,486.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Hilton Grand Vacations Stock Performance

HGV stock opened at $43.56 on Tuesday. The company has a market capitalization of $4.89 billion, a P/E ratio of 14.87 and a beta of 2.04. The company has a 50-day simple moving average of $45.95 and a 200 day simple moving average of $41.63. Hilton Grand Vacations Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $54.55. The company has a quick ratio of 2.45, a current ratio of 3.45 and a debt-to-equity ratio of 1.74.

Hilton Grand Vacations (NYSE:HGV – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.24. Hilton Grand Vacations had a net margin of 9.18% and a return on equity of 18.56%. The business had revenue of $992.00 million during the quarter, compared to the consensus estimate of $975.45 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. Sell-side analysts predict that Hilton Grand Vacations Inc. will post 4.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on HGV. Credit Suisse Group upped their price target on shares of Hilton Grand Vacations from $84.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, March 2nd. Truist Financial upped their price target on shares of Hilton Grand Vacations from $62.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price target for the stock from $68.00 to $52.00 in a research report on Friday, February 3rd. Barclays upped their price target on shares of Hilton Grand Vacations from $50.00 to $56.00 and gave the stock an “overweight” rating in a research report on Thursday, March 2nd. Finally, TheStreet raised shares of Hilton Grand Vacations from a “c+” rating to a “b-” rating in a report on Monday, November 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Hilton Grand Vacations has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Hilton Grand Vacations Profile

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Hilton Grand Vacations, Inc engages in the marketing and sale of vacation ownership interval and management of resorts in urban destinations. It operates through the Real Estate Sales and Financing, and Resort Operations and Club Management segments. The Real Estate Sales and Financing segment refers to the sale of vacation ownership intervals on behalf of third-party developers using the Hilton Grand Vacations brand in exchange for sales, marketing and brand fees, and financing solutions.