Allspring Global Investments Holdings LLC Cuts Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Allspring Global Investments Holdings LLC lessened its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 57.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,458 shares of the company's stock after selling 7,274 shares during the period. Allspring Global Investments Holdings LLC's holdings in Hilton Grand Vacations were worth $209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HGV. Blue Trust Inc. grew its position in Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock valued at $36,000 after acquiring an additional 588 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of Hilton Grand Vacations during the 3rd quarter worth $25,000. KBC Group NV grew its position in shares of Hilton Grand Vacations by 41.2% during the 4th quarter. KBC Group NV now owns 3,046 shares of the company's stock worth $119,000 after buying an additional 889 shares in the last quarter. Creative Planning boosted its position in Hilton Grand Vacations by 17.1% during the third quarter. Creative Planning now owns 15,381 shares of the company's stock valued at $559,000 after purchasing an additional 2,245 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Hilton Grand Vacations by 16.9% in the third quarter. Victory Capital Management Inc. now owns 17,140 shares of the company's stock valued at $623,000 after purchasing an additional 2,477 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Trading Up 1.1 %

NYSE:HGV traded up $0.45 during trading hours on Friday, hitting $42.95. The company had a trading volume of 934,260 shares, compared to its average volume of 795,448. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The company has a 50-day moving average of $40.59 and a 200 day moving average of $39.27. The company has a market cap of $4.23 billion, a P/E ratio of 48.81, a P/E/G ratio of 2.20 and a beta of 1.85. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $48.65.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly 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). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HGV shares. Morgan Stanley started coverage on Hilton Grand Vacations in a report on Monday, January 6th. They issued an "overweight" rating and a $47.00 price target for the company. Mizuho raised their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday. 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 report on Friday. The Goldman Sachs Group lifted their target price on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a "sell" rating in a report on Tuesday, December 10th. Finally, StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday. One equities 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 stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $45.13.

About Hilton Grand Vacations

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.