Victory Capital Management Inc. Sells 9,575 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Victory Capital Management Inc. lessened its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 39.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,663 shares of the company’s stock after selling 9,575 shares during the quarter. Victory Capital Management Inc.’s holdings in Hilton Grand Vacations were worth $593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. nVerses Capital LLC purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at $32,000. Hantz Financial Services Inc. purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at $2,694,000. Rather & Kittrell Inc. lifted its holdings in shares of Hilton Grand Vacations by 51.7% during the 2nd quarter. Rather & Kittrell Inc. now owns 44,005 shares of the company’s stock valued at $1,779,000 after purchasing an additional 15,000 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Hilton Grand Vacations by 7.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 143,118 shares of the company’s stock valued at $5,786,000 after purchasing an additional 10,357 shares during the last quarter. Finally, Iridian Asset Management LLC CT lifted its holdings in shares of Hilton Grand Vacations by 63.9% during the 2nd quarter. Iridian Asset Management LLC CT now owns 287,620 shares of the company’s stock valued at $11,628,000 after purchasing an additional 112,117 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Analyst Ratings Changes

HGV has been the subject of several analyst reports. Mizuho decreased their price objective on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their target price for the stock from $55.00 to $35.00 in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $36.00 in a research note on Friday, August 9th. Truist Financial reduced their price objective on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Barclays dropped their target price on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Grand Vacations has a consensus rating of “Hold” and a consensus price target of $43.71.

Hilton Grand Vacations Trading Down 0.4 %

HGV opened at $37.16 on Monday. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97. The company’s 50 day simple moving average is $38.66 and its two-hundred day simple moving average is $41.31. Hilton Grand Vacations Inc. has a 1-year low of $33.13 and a 1-year high of $49.02. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 2.05 and a beta of 1.83.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.27). The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. Analysts expect that Hilton Grand Vacations Inc. will post 3.27 EPS for the current fiscal year.

Hilton Grand Vacations 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.