Assenagon Asset Management S.A. Buys 45,978 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Assenagon Asset Management S.A. raised its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 44.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 148,292 shares of the company's stock after purchasing an additional 45,978 shares during the period. Assenagon Asset Management S.A. owned 0.14% of Hilton Grand Vacations worth $5,386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Michigan Retirement System grew its position in Hilton Grand Vacations by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 17,500 shares of the company's stock valued at $826,000 after acquiring an additional 400 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Hilton Grand Vacations by 4.4% during the first quarter. Janney Montgomery Scott LLC now owns 12,330 shares of the company's stock worth $582,000 after purchasing an additional 523 shares during the last quarter. Blue Trust Inc. lifted its stake in Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock worth $36,000 after purchasing an additional 588 shares during the last quarter. ProShare Advisors LLC lifted its stake in Hilton Grand Vacations by 3.5% during the first quarter. ProShare Advisors LLC now owns 17,661 shares of the company's stock worth $834,000 after purchasing an additional 596 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Hilton Grand Vacations during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 97.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HGV shares. Jefferies Financial Group cut Hilton Grand Vacations from a "buy" rating to a "hold" rating and reduced their price objective for the company from $55.00 to $35.00 in a research note on Friday, August 9th. Barclays lowered their target price on Hilton Grand Vacations from $54.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. StockNews.com downgraded Hilton Grand Vacations from a "hold" rating to a "sell" rating in a research report on Monday, August 12th. Mizuho reduced their price objective on Hilton Grand Vacations from $63.00 to $57.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Finally, The Goldman Sachs Group assumed coverage on Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a "sell" rating and a $31.00 target price on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $43.71.

Hilton Grand Vacations Stock Performance

NYSE:HGV traded down $0.47 during trading hours on Wednesday, reaching $37.81. 490,165 shares of the stock were exchanged, compared to its average volume of 769,484. The stock has a market capitalization of $3.92 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.97 and a beta of 1.83. Hilton Grand Vacations Inc. has a 52 week low of $33.13 and a 52 week high of $49.02. The company has a quick ratio of 2.97, a current ratio of 4.36 and a debt-to-equity ratio of 3.18. The firm has a 50 day simple moving average of $37.08 and a 200-day simple moving average of $39.65.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.27). Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned $0.85 EPS. The firm's revenue was up 22.6% on a year-over-year basis. As a group, sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.55 earnings per share for the current fiscal year.

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.