Sfmg LLC Sells 23,000 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Sfmg LLC lessened its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 34.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,405 shares of the company’s stock after selling 23,000 shares during the period. Sfmg LLC’s holdings in Hilton Grand Vacations were worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Hilton Grand Vacations by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock valued at $356,250,000 after purchasing an additional 77,934 shares in the last quarter. Parsifal Capital Management LP grew its position in Hilton Grand Vacations by 6.0% during the fourth quarter. Parsifal Capital Management LP now owns 3,984,755 shares of the company’s stock worth $160,107,000 after buying an additional 225,893 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Hilton Grand Vacations by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock worth $78,961,000 after acquiring an additional 162,459 shares during the last quarter. Norges Bank purchased a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at about $23,383,000. Finally, Mudita Advisors LLP boosted its position in shares of Hilton Grand Vacations by 15.0% during the 4th quarter. Mudita Advisors LLP now owns 534,665 shares of the company’s stock valued at $21,483,000 after acquiring an additional 69,734 shares during the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $38.25 on Wednesday. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.32 and a beta of 1.83. The company has a 50-day simple moving average of $38.43 and a two-hundred day simple moving average of $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. Hilton Grand Vacations Inc. has a 12-month low of $33.13 and a 12-month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. Hilton Grand Vacations’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. On average, equities analysts forecast that Hilton Grand Vacations Inc. will post 3.07 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. StockNews.com cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. The Goldman Sachs Group began coverage on shares of Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price target on the stock. JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $36.00 in a report on Friday, August 9th. Truist Financial reduced their target price on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Barclays dropped their price target on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $43.71.

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.