First Hawaiian Bank Invests $247,000 in Hilton Grand Vacations Inc (HGV)

First Hawaiian Bank acquired a new stake in Hilton Grand Vacations Inc (NYSE:HGV) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 7,452 shares of the company’s stock, valued at approximately $247,000.

Several other institutional investors have also made changes to their positions in HGV. FMR LLC boosted its position in Hilton Grand Vacations by 19.7% during the 2nd quarter. FMR LLC now owns 13,605,392 shares of the company’s stock valued at $472,108,000 after buying an additional 2,239,716 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in Hilton Grand Vacations by 9,219.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 944,359 shares of the company’s stock valued at $32,769,000 after buying an additional 934,226 shares during the period. BlackRock Inc. boosted its position in Hilton Grand Vacations by 14.1% during the 2nd quarter. BlackRock Inc. now owns 4,037,843 shares of the company’s stock valued at $140,113,000 after buying an additional 497,595 shares during the period. BlueMountain Capital Management LLC boosted its position in Hilton Grand Vacations by 639.2% during the 2nd quarter. BlueMountain Capital Management LLC now owns 301,080 shares of the company’s stock valued at $10,447,000 after buying an additional 260,348 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in Hilton Grand Vacations by 263.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 348,900 shares of the company’s stock valued at $12,107,000 after buying an additional 252,900 shares during the period. 96.20% of the stock is owned by institutional investors.

Shares of NYSE HGV opened at $26.89 on Wednesday. The company has a debt-to-equity ratio of 2.40, a current ratio of 5.01 and a quick ratio of 3.63. Hilton Grand Vacations Inc has a 12 month low of $26.20 and a 12 month high of $47.75. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 1.87 and a beta of 0.62.



Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). Hilton Grand Vacations had a return on equity of 52.26% and a net margin of 20.13%. The company had revenue of $563.00 million during the quarter, compared to the consensus estimate of $582.86 million. During the same quarter last year, the company posted $0.51 earnings per share. The firm’s revenue for the quarter was up 28.2% compared to the same quarter last year. Equities research analysts expect that Hilton Grand Vacations Inc will post 2.99 EPS for the current year.

Several equities research analysts have weighed in on HGV shares. Zacks Investment Research raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. ValuEngine lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Finally, Jefferies Financial Group assumed coverage on shares of Hilton Grand Vacations in a report on Monday, July 16th. They issued a “hold” rating and a $38.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $44.60.

In other Hilton Grand Vacations news, insider Mark D. Wang purchased 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was bought at an average cost of $31.91 per share, for a total transaction of $510,560.00. Following the purchase, the insider now directly owns 328,481 shares in the company, valued at $10,481,828.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leonard Potter purchased 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was acquired at an average price of $31.98 per share, with a total value of $799,500.00. Following the completion of the purchase, the director now owns 58,135 shares in the company, valued at $1,859,157.30. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing; and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.

Further Reading: What is a Leveraged Buyout (LBO)?

Want to see what other hedge funds are holding HGV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Grand Vacations Inc (NYSE:HGV).

Institutional Ownership by Quarter for Hilton Grand Vacations (NYSE:HGV)

Receive News & Ratings for Hilton Grand Vacations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Grand Vacations and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply