Hilton Grand Vacations Inc. (NYSE:HGV) Shares Purchased by Invesco Ltd.

Invesco Ltd. raised its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 34.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 360,072 shares of the company's stock after acquiring an additional 93,168 shares during the period. Invesco Ltd. owned approximately 0.37% of Hilton Grand Vacations worth $14,025,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank raised its stake in shares of Hilton Grand Vacations by 0.9% during the fourth quarter. Amalgamated Bank now owns 28,884 shares of the company's stock worth $1,125,000 after purchasing an additional 263 shares during the last quarter. Bank of Montreal Can raised its position in Hilton Grand Vacations by 5.1% during the 4th quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock worth $290,000 after buying an additional 361 shares during the last quarter. KBC Group NV lifted its stake in shares of Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company's stock worth $119,000 after acquiring an additional 889 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Hilton Grand Vacations by 12.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,301 shares of the company's stock valued at $752,000 after acquiring an additional 2,170 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Hilton Grand Vacations by 5.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 64,693 shares of the company's stock worth $2,480,000 after acquiring an additional 3,576 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HGV shares. Barclays lifted their price objective 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. Mizuho upped their price objective on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. StockNews.com upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Morgan Stanley lowered their price target on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group reduced their price objective on shares of Hilton Grand Vacations from $42.00 to $30.00 and set a "sell" rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $44.63.

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock traded up $0.34 on Wednesday, hitting $33.71. The company's stock had a trading volume of 1,323,640 shares, compared to its average volume of 879,899. 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 fifty day moving average price of $37.46 and a 200-day moving average price of $39.05. Hilton Grand Vacations Inc. has a 52-week low of $30.59 and a 52-week high of $45.48. The company has a market capitalization of $3.19 billion, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly 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 company 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%. On average, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations 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.