Cibc World Markets Corp Acquires Shares of 6,690 Hilton Grand Vacations Inc. (NYSE:HGV)

Cibc World Markets Corp acquired a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,690 shares of the company's stock, valued at approximately $261,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Amalgamated Bank lifted its holdings in shares of Hilton Grand Vacations by 0.9% in the fourth quarter. Amalgamated Bank now owns 28,884 shares of the company's stock valued at $1,125,000 after purchasing an additional 263 shares in the last quarter. KBC Group NV lifted its stake in Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company's stock valued at $119,000 after acquiring an additional 889 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hilton Grand Vacations by 12.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,301 shares of the company's stock worth $752,000 after acquiring an additional 2,170 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Hilton Grand Vacations by 16.9% during the 3rd quarter. Victory Capital Management Inc. now owns 17,140 shares of the company's stock worth $623,000 after acquiring an additional 2,477 shares in the last quarter. Finally, Blueshift Asset Management LLC raised its holdings in shares of Hilton Grand Vacations by 28.4% in the third quarter. Blueshift Asset Management LLC now owns 20,939 shares of the company's stock valued at $761,000 after purchasing an additional 4,633 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

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Hilton Grand Vacations Stock Performance

Shares of NYSE:HGV traded down $0.52 on Friday, hitting $37.35. The company had a trading volume of 738,555 shares, compared to its average volume of 826,084. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 42.45, a P/E/G ratio of 2.20 and a beta of 1.84. The stock has a 50 day moving average price of $40.25 and a 200 day moving average price of $39.42. Hilton Grand Vacations Inc. has a 1-year low of $33.21 and a 1-year high of $47.37. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32.

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 analysts' consensus estimates of $0.89 by ($0.40). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. Analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HGV. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Truist Financial upped their target price on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, March 7th. The Goldman Sachs Group raised their price target 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. Barclays upped their price objective on Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Finally, Morgan Stanley started coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They issued an "overweight" rating and a $47.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently 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.