Vontobel Holding Ltd. Has $598,000 Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Vontobel Holding Ltd. cut its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,465 shares of the company’s stock after selling 471 shares during the quarter. Vontobel Holding Ltd.’s holdings in Hilton Grand Vacations were worth $598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HGV. GSA Capital Partners LLP acquired a new stake in shares of Hilton Grand Vacations during the 1st quarter worth approximately $884,000. Vanguard Group Inc. boosted its stake in Hilton Grand Vacations by 1.0% during the first quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after buying an additional 77,934 shares in the last quarter. Khrom Capital Management LLC bought a new stake in Hilton Grand Vacations in the 2nd quarter valued at $3,872,000. Hantz Financial Services Inc. acquired a new position in shares of Hilton Grand Vacations in the 2nd quarter valued at $2,694,000. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of Hilton Grand Vacations by 1.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 62,374 shares of the company’s stock worth $2,945,000 after acquiring an additional 945 shares during the period. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Price Performance

Shares of HGV stock opened at $37.69 on Tuesday. Hilton Grand Vacations Inc. has a 52 week low of $33.13 and a 52 week high of $49.02. The stock has a market capitalization of $3.91 billion, a PE ratio of 17.78, a PEG ratio of 1.88 and a beta of 1.83. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.97 and a current ratio of 4.36. The stock’s fifty day moving average is $36.91 and its 200-day moving average is $39.96.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.27). Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The company’s revenue was up 22.6% compared to the same quarter last year. Equities research analysts expect that Hilton Grand Vacations Inc. will post 3.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HGV. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $36.00 in a research note on Friday, August 9th. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Truist Financial cut their target price 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. Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $55.00 to $35.00 in a research note on Friday, August 9th. Finally, Mizuho reduced their target price on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of “Hold” and a consensus price target of $43.71.

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.