KLP Kapitalforvaltning AS Purchases New Shares in Hilton Grand Vacations Inc. (NYSE:HGV)

KLP Kapitalforvaltning AS acquired a new stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,600 shares of the company's stock, valued at approximately $608,000.

A number of other institutional investors have also bought and sold shares of HGV. FMR LLC grew its position in shares of Hilton Grand Vacations by 39.0% in the third 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 in the last quarter. Franklin Resources Inc. boosted its stake in Hilton Grand Vacations by 17.8% during the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock worth $117,402,000 after buying 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 in the last quarter. Holocene Advisors LP increased its stake in shares of Hilton Grand Vacations by 56.0% in the 3rd quarter. Holocene Advisors LP now owns 116,072 shares of the company's stock worth $4,216,000 after acquiring an additional 41,670 shares during the last quarter. Finally, PB Investment Partners L.P. raised its holdings in shares of 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 during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial upped their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a report on Friday, March 7th. Mizuho increased their price objective on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Morgan Stanley assumed coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They set an "overweight" rating and a $47.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price objective on Hilton Grand Vacations from $37.00 to $42.00 and gave the company a "sell" rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $47.25.

Hilton Grand Vacations Price Performance

NYSE HGV traded down $0.78 during trading hours on Monday, reaching $32.85. The company's stock had a trading volume of 1,448,592 shares, compared to its average volume of 843,156. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The company's 50-day moving average is $39.57 and its two-hundred day moving average is $39.39. Hilton Grand Vacations Inc. has a fifty-two week low of $30.46 and a fifty-two week high of $46.40. The stock has a market cap of $3.11 billion, a PE ratio of 37.33, a PEG 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 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.40). The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. Analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

About Hilton Grand Vacations

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.