Blue Trust Inc. Buys 588 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Blue Trust Inc. grew its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 141.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,003 shares of the company’s stock after acquiring an additional 588 shares during the quarter. Blue Trust Inc.’s holdings in Hilton Grand Vacations were worth $36,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. nVerses Capital LLC bought a new position in shares of Hilton Grand Vacations during the second quarter valued at $32,000. Canada Pension Plan Investment Board bought a new stake in Hilton Grand Vacations in the 2nd quarter worth about $93,000. Ashton Thomas Private Wealth LLC bought a new stake in Hilton Grand Vacations in the 2nd quarter worth about $120,000. Qsemble Capital Management LP bought a new stake in Hilton Grand Vacations in the 1st quarter worth about $249,000. Finally, Inspire Investing LLC bought a new stake in Hilton Grand Vacations in the 1st quarter worth about $378,000. 97.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on HGV. Mizuho reduced 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. JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. 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 target price on the stock. 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. Finally, Truist Financial dropped their target price on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $43.71.

Hilton Grand Vacations Stock Up 1.5 %

HGV stock opened at $37.44 on Friday. Hilton Grand Vacations Inc. has a twelve month low of $33.13 and a twelve month high of $49.02. 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 $3.80 billion, a P/E ratio of 26.18, a PEG ratio of 2.02 and a beta of 1.83. The business’s 50-day moving average price is $37.06 and its 200-day moving average price is $39.57.

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 analysts’ consensus estimates of $0.89 by ($0.27). The company 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.55 EPS for the current year.

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.