AlphaQuest LLC Boosts Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

AlphaQuest LLC raised its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 186,169.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,215 shares of the company's stock after buying an additional 24,202 shares during the period. AlphaQuest LLC's holdings in Hilton Grand Vacations were worth $943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HGV. Franklin Resources Inc. boosted its holdings in Hilton Grand Vacations by 17.8% during 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 period. FMR LLC grew its holdings in shares of Hilton Grand Vacations by 39.0% in the third quarter. FMR LLC now owns 3,271,387 shares of the company's stock worth $118,817,000 after purchasing an additional 917,397 shares during the last quarter. Mudita Advisors LLP increased its stake in shares of Hilton Grand Vacations by 1.1% in the third quarter. Mudita Advisors LLP now owns 916,765 shares of the company's stock worth $33,297,000 after buying an additional 9,800 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Hilton Grand Vacations by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company's stock valued at $34,746,000 after buying an additional 30,019 shares during the last quarter. Finally, PB Investment Partners L.P. boosted its position in Hilton Grand Vacations by 5.9% during the 4th quarter. PB Investment Partners L.P. now owns 571,414 shares of the company's stock valued at $22,257,000 after buying an additional 31,939 shares during the period. 97.23% of the stock is owned by institutional investors.

Remove Ads

Hilton Grand Vacations Stock Down 5.3 %

HGV traded down $1.89 during trading on Thursday, reaching $33.70. The stock had a trading volume of 1,843,881 shares, compared to its average volume of 937,852. 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 market capitalization of $3.21 billion, a price-to-earnings ratio of 38.30, a P/E/G ratio of 2.20 and a beta of 1.84. The stock's 50 day moving average is $40.49 and its two-hundred day moving average is $39.40. Hilton Grand Vacations Inc. has a one year low of $33.21 and a one year high of $47.81.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on HGV shares. 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. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Mizuho increased their price objective on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. The Goldman Sachs Group boosted their target price on Hilton Grand Vacations from $37.00 to $42.00 and gave the company a "sell" rating in a research note on Tuesday, March 4th. Finally, Morgan Stanley started coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They issued an "overweight" rating and a $47.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $47.25.

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.