MQS Management LLC Has $667,000 Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

MQS Management LLC lifted its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,494 shares of the company’s stock after purchasing an additional 1,135 shares during the quarter. MQS Management LLC’s holdings in Hilton Grand Vacations were worth $667,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. nVerses Capital LLC acquired a new position in Hilton Grand Vacations during the second quarter worth $32,000. YHB Investment Advisors Inc. acquired a new position in shares of Hilton Grand Vacations during the 1st quarter valued at about $47,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Hilton Grand Vacations in the 2nd quarter valued at approximately $120,000. Quest Partners LLC acquired a new stake in Hilton Grand Vacations in the 4th quarter worth approximately $142,000. Finally, Benjamin Edwards Inc. boosted its position in Hilton Grand Vacations by 46.0% during the first quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock worth $151,000 after purchasing an additional 1,006 shares during the period. Institutional investors own 97.23% of the company’s stock.

Analyst Upgrades and Downgrades

HGV has been the topic of a number of recent analyst reports. Mizuho dropped their price target on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their target price for the stock from $55.00 to $35.00 in a report on Friday, August 9th. Truist Financial decreased their price target on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, September 5th. The Goldman Sachs Group started coverage on Hilton Grand Vacations in a research note on Wednesday. They issued a “sell” rating and a $31.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.71.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $36.75 on Thursday. The firm’s 50-day moving average is $38.85 and its 200-day moving average is $41.45. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.05 and a beta of 1.83. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.97 and a current ratio of 4.36. Hilton Grand Vacations Inc. has a 52-week low of $33.13 and a 52-week high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results 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 firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.33 billion. Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. Equities research analysts anticipate that Hilton Grand Vacations Inc. will post 3.27 earnings per share for the current year.

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.