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.
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.
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