North Peak Capital Management LLC Purchases Shares of 597,881 Hilton Grand Vacations Inc (NYSE:HGV)

North Peak Capital Management LLC acquired a new position in Hilton Grand Vacations Inc (NYSE:HGV) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 597,881 shares of the company’s stock, valued at approximately $19,025,000. Hilton Grand Vacations accounts for approximately 10.7% of North Peak Capital Management LLC’s portfolio, making the stock its 6th biggest position.

Several other hedge funds have also recently made changes to their positions in the business. Parametric Portfolio Associates LLC lifted its holdings in shares of Hilton Grand Vacations by 13.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 103,649 shares of the company’s stock worth $3,298,000 after acquiring an additional 12,099 shares during the period. Northern Trust Corp raised its position in Hilton Grand Vacations by 9.6% in the second quarter. Northern Trust Corp now owns 519,052 shares of the company’s stock worth $16,516,000 after purchasing an additional 45,611 shares in the last quarter. Carlson Capital L P bought a new position in Hilton Grand Vacations during the second quarter worth about $3,978,000. Public Employees Retirement System of Ohio lifted its stake in Hilton Grand Vacations by 60.8% during the second quarter. Public Employees Retirement System of Ohio now owns 54,907 shares of the company’s stock worth $1,747,000 after purchasing an additional 20,756 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Hilton Grand Vacations by 0.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 511,197 shares of the company’s stock worth $16,267,000 after purchasing an additional 1,412 shares during the period.

Shares of HGV traded up $0.54 during trading hours on Wednesday, hitting $33.83. The stock had a trading volume of 44,562 shares, compared to its average volume of 1,993,833. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 1.67 and a beta of 1.99. The company has a debt-to-equity ratio of 3.80, a current ratio of 4.77 and a quick ratio of 3.50. The company’s fifty day moving average is $30.49 and its two-hundred day moving average is $30.58. Hilton Grand Vacations Inc has a 52 week low of $24.17 and a 52 week high of $35.03.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $454.00 million for the quarter, compared to the consensus estimate of $454.44 million. Hilton Grand Vacations had a net margin of 12.92% and a return on equity of 46.30%. The company’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 earnings per share. Equities analysts predict that Hilton Grand Vacations Inc will post 2.21 EPS for the current fiscal year.

In other news, insider Barbara L. Hollkamp sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $33.56, for a total transaction of $67,120.00. Following the completion of the sale, the insider now owns 51,547 shares of the company’s stock, valued at $1,729,917.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.05% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on HGV. Nomura set a $29.00 price objective on Hilton Grand Vacations and gave the company a “hold” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised Hilton Grand Vacations from an “underweight” rating to a “neutral” rating and set a $33.00 target price for the company in a report on Tuesday, August 20th. Zacks Investment Research downgraded Hilton Grand Vacations from a “buy” rating to a “sell” rating in a research report on Wednesday, August 7th. Finally, ValuEngine lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $36.50.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership 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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Institutional Ownership by Quarter for Hilton Grand Vacations (NYSE:HGV)

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