Federated Hermes Inc. Cuts Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Federated Hermes Inc. reduced its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 10.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,899 shares of the company’s stock after selling 877 shares during the quarter. Federated Hermes Inc.’s holdings in Hilton Grand Vacations were worth $319,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HGV. Janney Montgomery Scott LLC grew its position in Hilton Grand Vacations by 15.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,807 shares of the company’s stock worth $474,000 after acquiring an additional 1,609 shares during the last quarter. Norges Bank bought a new position in shares of Hilton Grand Vacations in the fourth quarter worth approximately $23,383,000. Quest Partners LLC purchased a new position in shares of Hilton Grand Vacations in the fourth quarter worth $142,000. Boulder Hill Capital Management LP purchased a new stake in Hilton Grand Vacations during the 4th quarter valued at $1,933,000. Finally, Armistice Capital LLC bought a new stake in Hilton Grand Vacations in the 4th quarter worth $1,051,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Price Performance

Shares of HGV stock opened at $38.25 on Wednesday. The business’s fifty day moving average is $38.43 and its 200 day moving average is $41.22. The company has a quick ratio of 2.97, a current ratio of 4.36 and a debt-to-equity ratio of 3.18. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.05 and a beta of 1.83. Hilton Grand Vacations Inc. has a twelve month low of $33.13 and a twelve month high of $49.02.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Mizuho lowered their price objective on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Truist Financial lowered their price target on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. The Goldman Sachs Group initiated coverage on Hilton Grand Vacations in a research report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price objective on the stock. Jefferies Financial Group downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their target price for the company from $55.00 to $35.00 in a report on Friday, August 9th. Finally, StockNews.com cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Two equities 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.71.

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.