New York State Common Retirement Fund trimmed its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 40.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,066 shares of the company's stock after selling 15,876 shares during the period. New York State Common Retirement Fund's holdings in Hilton Grand Vacations were worth $898,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. grew 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 purchasing an additional 499,067 shares in the last quarter. FMR LLC grew its holdings in Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company's stock worth $118,817,000 after acquiring an additional 917,397 shares in the last quarter. Mudita Advisors LLP grew its holdings in Hilton Grand Vacations by 1.1% during the 3rd quarter. Mudita Advisors LLP now owns 916,765 shares of the company's stock worth $33,297,000 after acquiring an additional 9,800 shares in the last quarter. PB Investment Partners L.P. grew its holdings 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 worth $22,257,000 after acquiring an additional 31,939 shares in the last quarter. Finally, Barclays PLC grew its holdings in Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company's stock worth $8,941,000 after acquiring an additional 188,997 shares in the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have weighed in on HGV shares. Mizuho raised their price objective on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday. StockNews.com raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday. Morgan Stanley started coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They set an "overweight" rating and a $47.00 price objective for the company. Barclays raised their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Truist Financial decreased their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating for the company in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $45.13.
Get Our Latest Analysis on HGV
Hilton Grand Vacations Trading Down 1.0 %
Hilton Grand Vacations stock opened at $42.45 on Tuesday. The firm's 50-day moving average is $40.65 and its 200-day moving average is $39.37. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $47.81. The company has a market cap of $4.18 billion, a P/E ratio of 48.24, a PEG ratio of 2.20 and a beta of 1.85.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.01% and a return on equity of 16.44%. On average, equities analysts expect 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.
Further Reading
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