Norges Bank Takes $33.05 Million Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Norges Bank acquired a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 848,457 shares of the company's stock, valued at approximately $33,047,000. Norges Bank owned about 0.86% of Hilton Grand Vacations as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. raised its stake in Hilton Grand Vacations by 17.8% in 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of 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 in the last quarter. AlphaQuest LLC increased its stake in shares of Hilton Grand Vacations by 186,169.2% during the fourth quarter. AlphaQuest LLC now owns 24,215 shares of the company's stock valued at $943,000 after purchasing an additional 24,202 shares in the last quarter. Independent Family Office LLC bought a new position in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $627,000. Finally, Barclays PLC increased its stake in shares of Hilton Grand Vacations by 330.8% during 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. 97.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Truist Financial increased their price target 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. Morgan Stanley assumed coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They set an "overweight" rating and a $47.00 price target on the stock. The Goldman Sachs Group increased their price target on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the company a "sell" rating in a report on Tuesday, March 4th. Mizuho increased their price target on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Friday, February 28th. Finally, Barclays increased their price target on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Hilton Grand Vacations has an average rating of "Hold" and a consensus target price of $47.25.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock traded down $1.87 on Thursday, hitting $34.62. 79,329 shares of the company's stock were exchanged, compared to its average volume of 1,000,649. The company has a 50-day simple moving average of $38.95 and a 200-day simple moving average of $39.27. The stock has a market capitalization of $3.28 billion, a PE ratio of 39.34, a PEG ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a 1 year low of $30.59 and a 1 year high of $45.48. 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 (NYSE:HGV - Get Free Report) last issued 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 business 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, equities analysts anticipate 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.