Hilton Grand Vacations Inc. (NYSE:HGV) Stock Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 57.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,938 shares of the company’s stock after buying an additional 9,798 shares during the period. Victory Capital Management Inc.’s holdings in Hilton Grand Vacations were worth $1,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its holdings in Hilton Grand Vacations by 39.0% in the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after acquiring an additional 917,397 shares during the last quarter. Franklin Resources Inc. lifted 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 valued at $117,402,000 after acquiring an additional 499,067 shares during the last quarter. Barclays PLC lifted its holdings in Hilton Grand Vacations by 330.8% in 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 last quarter. Edgestream Partners L.P. acquired a new stake in Hilton Grand Vacations in the 3rd quarter valued at about $2,688,000. Finally, Intech Investment Management LLC acquired a new stake in Hilton Grand Vacations in the 3rd quarter valued at about $2,385,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Price Performance

NYSE HGV opened at $37.70 on Friday. The company has a 50 day simple moving average of $40.35 and a 200-day simple moving average of $39.34. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 42.84, a price-to-earnings-growth ratio of 2.20 and a beta of 1.84. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $47.81.

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

Analyst Ratings Changes

HGV has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, March 7th. JMP Securities reduced their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research note on Wednesday, December 18th. Barclays upped their price objective 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. Mizuho upped their price objective on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. Finally, Morgan Stanley initiated coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They set an “overweight” rating and a $47.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Hilton Grand Vacations presently 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.