Allspring Global Investments Holdings LLC Sells 7,274 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Allspring Global Investments Holdings LLC trimmed its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 57.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,458 shares of the company’s stock after selling 7,274 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Hilton Grand Vacations were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Reston Wealth Management LLC purchased a new position in shares of Hilton Grand Vacations during the third quarter valued at about $25,000. Blue Trust Inc. raised its holdings in Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares during the period. KBC Group NV lifted its stake in shares of Hilton Grand Vacations by 41.2% during the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after buying an additional 889 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Hilton Grand Vacations in the 4th quarter worth approximately $204,000. Finally, Wittenberg Investment Management Inc. purchased a new stake in Hilton Grand Vacations in the 3rd quarter worth $345,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Down 1.7 %

Shares of HGV opened at $40.46 on Wednesday. The stock has a fifty day simple moving average of $40.39 and a two-hundred day simple moving average of $39.13. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $3.98 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 2.20 and a beta of 1.85. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $49.02.

Wall Street Analysts Forecast Growth

HGV has been the topic of several analyst reports. Morgan Stanley initiated coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They set an “overweight” rating and a $47.00 price objective on the stock. Truist Financial decreased their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. JMP Securities decreased their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research report on Wednesday, December 18th. Finally, Mizuho reduced their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Hilton Grand Vacations has an average rating of “Hold” and an average price target of $44.00.

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.