Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,998 shares of the company's stock after selling 7,719 shares during the quarter. Alliancebernstein L.P. owned about 0.14% of Hilton Grand Vacations worth $5,297,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HGV. CIBC Private Wealth Group LLC lifted its holdings in Hilton Grand Vacations by 5.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 64,693 shares of the company's stock valued at $2,480,000 after acquiring an additional 3,576 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Hilton Grand Vacations in the fourth quarter valued at $6,428,000. Norges Bank acquired a new position in shares of Hilton Grand Vacations in the 4th quarter valued at $33,047,000. Fox Run Management L.L.C. purchased a new position in shares of Hilton Grand Vacations during the 4th quarter worth $362,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Hilton Grand Vacations during the 4th quarter worth $608,000. Hedge funds and other institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Stock Up 0.9 %

Shares of NYSE:HGV traded up $0.30 during trading on Friday, hitting $33.16. The company's stock had a trading volume of 1,049,665 shares, compared to its average volume of 874,013. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $45.48. The business has a 50 day moving average price of $37.83 and a two-hundred day moving average price of $39.07. 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 company has a market capitalization of $3.14 billion, a PE ratio of 37.69, a P/E/G ratio of 2.20 and a beta of 1.68.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released 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 company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. As a group, research analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Mizuho upped their target price on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. The Goldman Sachs Group decreased their price objective on shares of Hilton Grand Vacations from $42.00 to $30.00 and set a "sell" rating on the stock in a report on Monday. Morgan Stanley assumed coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They issued an "overweight" rating and a $47.00 target price for the company. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Barclays raised their price target on Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Hilton Grand Vacations currently has an average rating of "Hold" and a consensus price target of $45.75.

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.