KLP Kapitalforvaltning AS Invests $608,000 in Hilton Grand Vacations Inc. (NYSE:HGV)

KLP Kapitalforvaltning AS bought a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,600 shares of the company’s stock, valued at approximately $608,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in Hilton Grand Vacations by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after purchasing an additional 499,067 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Hilton Grand Vacations by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company’s stock worth $34,746,000 after buying an additional 30,019 shares during the period. AlphaQuest LLC lifted its position in shares of Hilton Grand Vacations by 186,169.2% during the 4th quarter. AlphaQuest LLC now owns 24,215 shares of the company’s stock valued at $943,000 after buying an additional 24,202 shares in the last quarter. Independent Family Office LLC bought a new position in shares of Hilton Grand Vacations during the 4th quarter valued at approximately $627,000. Finally, Barclays PLC grew its stake in shares of Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after acquiring an additional 188,997 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $37.97 on Thursday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The company has a market capitalization of $3.59 billion, a PE ratio of 43.15, a P/E/G ratio of 2.20 and a beta of 1.68. The company has a 50 day moving average price of $40.04 and a 200-day moving average price of $39.44. Hilton Grand Vacations Inc. has a fifty-two week low of $33.21 and a fifty-two week high of $46.89.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HGV. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Truist Financial increased their price target on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. JMP Securities lowered their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Wednesday, December 18th. Morgan Stanley started coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They set an “overweight” rating and a $47.00 target price for the company. Finally, Mizuho boosted their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $47.25.

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.