Mudita Advisors LLP Raises Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Mudita Advisors LLP raised its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 916,765 shares of the company’s stock after buying an additional 9,800 shares during the period. Hilton Grand Vacations comprises 18.2% of Mudita Advisors LLP’s portfolio, making the stock its largest holding. Mudita Advisors LLP’s holdings in Hilton Grand Vacations were worth $33,297,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Reston Wealth Management LLC purchased a new position in shares of Hilton Grand Vacations during the 3rd quarter valued at about $25,000. nVerses Capital LLC purchased a new stake in shares of Hilton Grand Vacations in the second quarter worth $32,000. Blue Trust Inc. lifted its stake in shares of Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after buying an additional 588 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Hilton Grand Vacations in the 2nd quarter worth $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Hilton Grand Vacations in the 2nd quarter worth $120,000. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Price Performance

Hilton Grand Vacations stock opened at $41.63 on Wednesday. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $49.02. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm’s fifty day moving average is $38.55 and its 200 day moving average is $39.30. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 47.31, a PEG ratio of 2.40 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. Sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the sale, the insider now directly owns 88,532 shares in the company, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HGV shares. Mizuho dropped their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. The Goldman Sachs Group initiated coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price target for the company. Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their price objective for the company from $55.00 to $35.00 in a research report on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Finally, StockNews.com downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Hilton Grand Vacations has an average rating of “Hold” and an average target price of $43.86.

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.