Norges Bank Makes New $33.05 Million Investment in Hilton Grand Vacations Inc. (NYSE:HGV)

Norges Bank purchased a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 848,457 shares of the company’s stock, valued at approximately $33,047,000. Norges Bank owned approximately 0.86% of Hilton Grand Vacations at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Franklin Resources Inc. raised its position 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 valued at $117,402,000 after buying an additional 499,067 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 purchasing an additional 30,019 shares in the last quarter. PB Investment Partners L.P. boosted its holdings in Hilton Grand Vacations by 5.9% during the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock worth $22,257,000 after purchasing an additional 31,939 shares during the last quarter. Barclays PLC grew its position in Hilton Grand Vacations by 330.8% in the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after purchasing an additional 188,997 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Hilton Grand Vacations by 14.3% in the 4th quarter. Hantz Financial Services Inc. now owns 81,913 shares of the company’s stock valued at $3,191,000 after buying an additional 10,265 shares during the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Stock Down 2.4 %

Shares of HGV opened at $33.64 on Friday. The firm has a market cap of $3.18 billion, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. Hilton Grand Vacations Inc. has a 52 week low of $31.19 and a 52 week high of $46.40. The firm’s 50-day simple moving average is $39.75 and its 200 day simple moving average is $39.40.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, March 4th. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Mizuho increased their price objective on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, February 28th. JMP Securities lowered their target price on shares of 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. Finally, Barclays increased their price target on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $47.25.

Hilton Grand Vacations 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.