Thrivent Financial for Lutherans Sells 1,323 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Thrivent Financial for Lutherans cut its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 7.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,537 shares of the company’s stock after selling 1,323 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Hilton Grand Vacations were worth $669,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HGV. Breach Inlet Capital Management LLC bought a new position in shares of Hilton Grand Vacations during the fourth quarter valued at $13,700,000. Parsifal Capital Management LP raised its holdings in shares of Hilton Grand Vacations by 6.0% in the fourth quarter. Parsifal Capital Management LP now owns 3,984,755 shares of the company’s stock valued at $160,107,000 after buying an additional 225,893 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hilton Grand Vacations by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock valued at $78,961,000 after buying an additional 162,459 shares during the last quarter. Iridian Asset Management LLC CT raised its holdings in shares of Hilton Grand Vacations by 63.9% in the second quarter. Iridian Asset Management LLC CT now owns 287,620 shares of the company’s stock valued at $11,628,000 after buying an additional 112,117 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Hilton Grand Vacations by 1.0% in the first quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock valued at $356,250,000 after buying an additional 77,934 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $36.29 on Tuesday. The stock’s 50-day simple moving average is $37.31 and its 200 day simple moving average is $40.65. The firm has a market capitalization of $3.76 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 2.32 and a beta of 1.83. The company has a quick ratio of 2.97, a current ratio of 4.36 and a debt-to-equity ratio of 3.18. Hilton Grand Vacations Inc. has a twelve month low of $33.13 and a twelve month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business earned $0.85 earnings per share. Hilton Grand Vacations’s revenue was up 22.6% compared to the same quarter last year. On average, analysts anticipate that Hilton Grand Vacations Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HGV. Truist Financial cut their price target on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their target price for the stock from $55.00 to $35.00 in a research report on Friday, August 9th. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Mizuho decreased their target price on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, The Goldman Sachs Group began coverage on Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a “sell” rating and a $31.00 target price for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $43.71.

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.