Vanguard Group Inc. Decreases Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Vanguard Group Inc. lowered its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 2.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,880,683 shares of the company’s stock after selling 190,212 shares during the period. Vanguard Group Inc. owned approximately 6.99% of Hilton Grand Vacations worth $268,003,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HGV. Franklin Resources Inc. lifted its position in Hilton Grand Vacations by 17.8% during the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after purchasing an additional 499,067 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hilton Grand Vacations by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company’s stock valued at $34,746,000 after buying an additional 30,019 shares during the period. PB Investment Partners L.P. boosted its stake in shares of Hilton Grand Vacations by 5.9% in the 4th quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock worth $22,257,000 after buying an additional 31,939 shares during the last quarter. Barclays PLC grew its holdings in shares of Hilton Grand Vacations by 330.8% in the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after acquiring an additional 188,997 shares during the period. Finally, Hantz Financial Services Inc. increased its position in Hilton Grand Vacations by 14.3% during the fourth quarter. Hantz Financial Services Inc. now owns 81,913 shares of the company’s stock valued at $3,191,000 after acquiring an additional 10,265 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Morgan Stanley initiated coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They issued an “overweight” rating and a $47.00 target price on the stock. Barclays boosted their target price on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Truist Financial increased their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. The Goldman Sachs Group boosted their price objective on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, March 4th. Finally, JMP Securities decreased their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $47.25.

Hilton Grand Vacations Trading Down 2.4 %

Shares of HGV stock opened at $33.64 on Friday. 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 stock has a fifty day simple moving average of $39.75 and a two-hundred day simple moving average of $39.39. The firm has a market capitalization of $3.18 billion, a PE ratio of 38.23, a PEG ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a 52-week low of $31.19 and a 52-week high of $46.40.

Hilton Grand Vacations (NYSE:HGV) last released 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 analysts’ expectations of $1.28 billion. On average, analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal 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.