Victory Capital Management Inc. boosted its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 57.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,938 shares of the company's stock after buying an additional 9,798 shares during the period. Victory Capital Management Inc.'s holdings in Hilton Grand Vacations were worth $1,049,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HGV. Franklin Resources Inc. increased its stake in Hilton Grand Vacations by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock valued at $117,402,000 after buying an additional 499,067 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Hilton Grand Vacations by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company's stock valued at $34,746,000 after purchasing an additional 30,019 shares during the last quarter. Barclays PLC grew its stake in Hilton Grand Vacations by 330.8% in the third quarter. Barclays PLC now owns 246,131 shares of the company's stock valued at $8,941,000 after purchasing an additional 188,997 shares in 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 purchasing an additional 31,939 shares during the last quarter. Finally, Covey Capital Advisors LLC raised its stake in shares of Hilton Grand Vacations by 368.8% during the 3rd quarter. Covey Capital Advisors LLC now owns 49,148 shares of the company's stock worth $1,785,000 after purchasing an additional 38,664 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
HGV has been the topic of a number of research reports. Morgan Stanley initiated coverage on Hilton Grand Vacations in a report on Monday, January 6th. They issued an "overweight" rating and a $47.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the company a "sell" rating in a research note on Tuesday, March 4th. JMP Securities cut their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating on the stock in a report on Wednesday, December 18th. StockNews.com upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Finally, Mizuho raised their price objective on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $47.25.
View Our Latest Research Report on HGV
Hilton Grand Vacations Stock Performance
Shares of Hilton Grand Vacations stock traded up $1.51 during midday trading on Monday, hitting $39.14. The company had a trading volume of 788,781 shares, compared to its average volume of 801,740. The stock has a market cap of $3.70 billion, a PE ratio of 44.47, a P/E/G ratio of 2.20 and a beta of 1.84. Hilton Grand Vacations Inc. has a 1-year low of $33.21 and a 1-year high of $47.81. The business's 50 day simple moving average is $40.34 and its two-hundred day simple moving average is $39.36. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, equities analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.
Hilton Grand Vacations Profile
(
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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