Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 46.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,974 shares of the company's stock after selling 30,683 shares during the period. Intech Investment Management LLC's holdings in Hilton Grand Vacations were worth $1,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of Hilton Grand Vacations by 16.9% in the 3rd quarter. Victory Capital Management Inc. now owns 17,140 shares of the company's stock worth $623,000 after buying an additional 2,477 shares during the last quarter. Cerity Partners LLC boosted its stake in Hilton Grand Vacations by 156.1% in the third quarter. Cerity Partners LLC now owns 22,980 shares of the company's stock valued at $835,000 after acquiring an additional 14,007 shares in the last quarter. Okabena Investment Services Inc. grew its holdings in Hilton Grand Vacations by 14.1% in the third quarter. Okabena Investment Services Inc. now owns 28,869 shares of the company's stock worth $1,049,000 after purchasing an additional 3,567 shares during the last quarter. Wittenberg Investment Management Inc. acquired a new position in shares of Hilton Grand Vacations during the third quarter worth $345,000. Finally, FMR LLC lifted its holdings in shares of Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company's stock valued at $118,817,000 after purchasing an additional 917,397 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors.

Remove Ads

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV traded down $0.46 during midday trading on Wednesday, reaching $38.38. 791,887 shares of the stock were exchanged, compared to its average volume of 803,432. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 2.20 and a beta of 1.84. The firm has a 50-day simple moving average of $40.36 and a two-hundred day simple moving average of $39.39. Hilton Grand Vacations Inc. has a twelve month low of $33.21 and a twelve month high of $47.81.

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

Analysts Set New Price Targets

HGV has been the topic of a number of research analyst reports. StockNews.com upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. JMP Securities cut their price target on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating on the stock in a research note on Wednesday, December 18th. Mizuho raised their price target on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Truist Financial boosted their price objective on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Barclays raised their target price 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. One 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 stock. Based on data from MarketBeat, Hilton Grand Vacations currently has a consensus rating of "Hold" and an average target price of $47.25.

Hilton Grand Vacations Company Profile

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.