Invesco Ltd. Has $13.69 Million Position in Hilton Grand Vacations Inc. $HGV

Invesco Ltd. raised its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 366,032 shares of the company’s stock after buying an additional 5,960 shares during the period. Invesco Ltd.’s holdings in Hilton Grand Vacations were worth $13,693,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hilton Grand Vacations by 0.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company’s stock valued at $1,585,000 after buying an additional 303 shares during the last quarter. Covey Capital Advisors LLC lifted its stake in Hilton Grand Vacations by 0.8% in the first quarter. Covey Capital Advisors LLC now owns 44,599 shares of the company’s stock valued at $1,668,000 after acquiring an additional 357 shares during the last quarter. Fifth Third Bancorp lifted its stake in Hilton Grand Vacations by 8.8% in the first quarter. Fifth Third Bancorp now owns 4,489 shares of the company’s stock valued at $168,000 after acquiring an additional 364 shares during the last quarter. Signaturefd LLC lifted its stake in Hilton Grand Vacations by 136.9% in the first quarter. Signaturefd LLC now owns 860 shares of the company’s stock valued at $32,000 after acquiring an additional 497 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Hilton Grand Vacations by 106.8% in the first quarter. UMB Bank n.a. now owns 1,065 shares of the company’s stock valued at $40,000 after acquiring an additional 550 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Price Performance

NYSE:HGV opened at $46.6610 on Friday. The firm’s fifty day moving average price is $45.00 and its two-hundred day moving average price is $40.55. The company has a market cap of $4.16 billion, a P/E ratio of 84.84, a P/E/G ratio of 3.71 and a beta of 1.65. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $52.08. The company has a debt-to-equity ratio of 4.31, a current ratio of 4.43 and a quick ratio of 2.77.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. Equities analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations announced that its board has authorized a share repurchase plan on Wednesday, August 13th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Mizuho increased their price target on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Barclays increased their price target on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $59.00 price target on shares of Hilton Grand Vacations and gave the company a “buy” rating in a research note on Monday, August 4th. Truist Financial cut their price target on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $39.00 price objective on shares of Hilton Grand Vacations in a report on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $53.29.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.