Principal Financial Group Inc. lifted its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 19.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,869,105 shares of the company’s stock after acquiring an additional 309,690 shares during the period. Principal Financial Group Inc. owned 1.89% of Hilton Grand Vacations worth $72,203,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HGV. The Manufacturers Life Insurance Company raised its position in shares of Hilton Grand Vacations by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock worth $107,000 after acquiring an additional 202 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Hilton Grand Vacations in the 3rd quarter worth $201,000. Nisa Investment Advisors LLC raised its position in shares of Hilton Grand Vacations by 129.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock worth $223,000 after acquiring an additional 3,500 shares in the last quarter. Pacad Investment Ltd. raised its position in shares of Hilton Grand Vacations by 6.7% in the 2nd quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock worth $231,000 after acquiring an additional 400 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new position in shares of Hilton Grand Vacations in the 2nd quarter worth $263,000. 99.54% of the stock is owned by hedge funds and other institutional investors.
In other Hilton Grand Vacations news, Director David William Johnson bought 28,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of $35.16 per share, with a total value of $984,480.00. Following the transaction, the director now directly owns 33,000 shares of the company’s stock, valued at approximately $1,160,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company’s stock.
Hilton Grand Vacations Inc. (NYSE:HGV) opened at $40.75 on Tuesday. Hilton Grand Vacations Inc. has a 1 year low of $24.60 and a 1 year high of $42.22. The stock has a market capitalization of $4,019.05 and a PE ratio of 22.16. The company has a debt-to-equity ratio of 3.29, a quick ratio of 3.39 and a current ratio of 4.50.
Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Wednesday, November 1st. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Hilton Grand Vacations had a return on equity of 72.15% and a net margin of 10.84%. The company had revenue of $426.00 million for the quarter, compared to analyst estimates of $435.83 million. During the same period in the prior year, the company posted $0.35 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. equities analysts predict that Hilton Grand Vacations Inc. will post 1.96 earnings per share for the current fiscal year.
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HGV has been the subject of several recent research reports. Zacks Investment Research raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Nomura boosted their price target on Hilton Grand Vacations from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, Instinet reaffirmed a “buy” rating and set a $45.00 target price (up from $44.00) on shares of Hilton Grand Vacations in a research report on Thursday, August 3rd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $38.78.
Hilton Grand Vacations Profile
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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