Charles Schwab Investment Management Inc. increased its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 892,057 shares of the company's stock after buying an additional 30,019 shares during the period. Charles Schwab Investment Management Inc. owned 0.91% of Hilton Grand Vacations worth $34,746,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of HGV. Franklin Resources Inc. grew its position in shares of Hilton Grand Vacations by 17.8% in the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock valued at $117,402,000 after purchasing an additional 499,067 shares during the last quarter. Barclays PLC grew 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 buying an additional 188,997 shares during the last quarter. PB Investment Partners L.P. increased its position in Hilton Grand Vacations by 5.9% in the 4th quarter. PB Investment Partners L.P. now owns 571,414 shares of the company's stock worth $22,257,000 after buying an additional 31,939 shares during the period. Covey Capital Advisors LLC lifted its holdings in shares of Hilton Grand Vacations by 368.8% during the third quarter. Covey Capital Advisors LLC now owns 49,148 shares of the company's stock worth $1,785,000 after buying an additional 38,664 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Hilton Grand Vacations by 14.3% in the fourth quarter. Hantz Financial Services Inc. now owns 81,913 shares of the company's stock valued at $3,191,000 after acquiring an additional 10,265 shares during the period. 97.23% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently commented on HGV shares. 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 note on Friday, February 28th. 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 report 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. Barclays upped their price target on Hilton Grand Vacations from $41.00 to $45.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, JMP Securities lowered their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating on the stock in a research report on Wednesday, December 18th. 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 company's stock. Based on data from MarketBeat, Hilton Grand Vacations currently has an average rating of "Hold" and a consensus price target of $47.25.
Check Out Our Latest Research Report on HGV
Hilton Grand Vacations Price Performance
Shares of Hilton Grand Vacations stock traded down $0.50 during midday trading on Thursday, hitting $37.66. 483,799 shares of the company were exchanged, compared to its average volume of 796,132. 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 50 day simple moving average of $40.36 and a 200-day simple moving average of $39.36. Hilton Grand Vacations Inc. has a 52 week low of $33.21 and a 52 week high of $47.81. The firm has a market cap of $3.59 billion, a P/E ratio of 42.87, a PEG ratio of 2.20 and a beta of 1.84.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.40). The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. Research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.
About Hilton Grand Vacations
(
Free Report)
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.
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