Waterway Wealth Management LLC Makes New Investment in Hilton Grand Vacations Inc. (NYSE:HGV)

Waterway Wealth Management LLC acquired a new position in Hilton Grand Vacations Inc. (NYSE:HGV) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,266 shares of the company’s stock, valued at approximately $201,000.

Other large investors also recently modified their holdings of the company. Savoir Faire Capital Management L.P. lifted its stake in Hilton Grand Vacations by 3.4% during the 4th quarter. Savoir Faire Capital Management L.P. now owns 27,197 shares of the company’s stock valued at $1,093,000 after acquiring an additional 898 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Hilton Grand Vacations by 24.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 5,624 shares of the company’s stock valued at $229,000 after purchasing an additional 1,119 shares during the last quarter. Glenmede Trust Co. NA lifted its position in shares of Hilton Grand Vacations by 5.1% during the third quarter. Glenmede Trust Co. NA now owns 23,918 shares of the company’s stock valued at $973,000 after purchasing an additional 1,151 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Hilton Grand Vacations during the third quarter worth about $47,000. Finally, Okabena Investment Services Inc. grew its position in Hilton Grand Vacations by 3.9% in the 3rd quarter. Okabena Investment Services Inc. now owns 32,027 shares of the company’s stock worth $1,303,000 after purchasing an additional 1,193 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

Shares of HGV stock traded up $1.03 on Friday, hitting $40.43. 952,274 shares of the stock were exchanged, compared to its average volume of 592,312. The firm’s 50 day moving average is $41.70 and its two-hundred day moving average is $42.91. Hilton Grand Vacations Inc. has a one year low of $33.13 and a one year high of $49.02. The firm has a market capitalization of $4.19 billion, a PE ratio of 19.07, a P/E/G ratio of 1.84 and a beta of 1.89. The company has a current ratio of 4.44, a quick ratio of 3.11 and a debt-to-equity ratio of 3.09.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, May 9th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned $0.79 earnings per share. The company’s quarterly revenue was up 23.8% on a year-over-year basis. Sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HGV. Mizuho assumed coverage on Hilton Grand Vacations in a research note on Tuesday, March 26th. They issued a “buy” rating and a $63.00 target price on the stock. Truist Financial boosted their price objective on Hilton Grand Vacations from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. initiated coverage on Hilton Grand Vacations in a research report on Monday, April 15th. They set an “overweight” rating and a $59.00 target price for the company. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.71.

Hilton Grand Vacations Company Profile

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.