Quantbot Technologies LP Reduces Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Quantbot Technologies LP trimmed its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 68.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,215 shares of the company's stock after selling 9,098 shares during the quarter. Quantbot Technologies LP's holdings in Hilton Grand Vacations were worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in HGV. KBC Group NV boosted its position in Hilton Grand Vacations by 41.2% during the fourth quarter. KBC Group NV now owns 3,046 shares of the company's stock valued at $119,000 after acquiring an additional 889 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Hilton Grand Vacations in the 4th quarter valued at about $200,000. Crossmark Global Holdings Inc. bought a new stake in shares of Hilton Grand Vacations during the 4th quarter valued at about $204,000. FourThought Financial Partners LLC acquired a new stake in Hilton Grand Vacations during the fourth quarter worth approximately $232,000. Finally, Cibc World Markets Corp bought a new stake in Hilton Grand Vacations in the fourth quarter worth approximately $261,000. 97.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HGV shares. The Goldman Sachs Group increased their price target on Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a "sell" rating in a report on Tuesday, March 4th. StockNews.com raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Mizuho lifted their price target on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Barclays increased their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Finally, Truist Financial upped their price target on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $47.25.

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Hilton Grand Vacations Stock Down 9.4 %

HGV stock traded down $3.58 during mid-day trading on Thursday, reaching $34.28. 150,108 shares of the company traded hands, compared to its average volume of 826,352. 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's 50 day moving average price is $40.04 and its 200 day moving average price is $39.44. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a fifty-two week low of $33.21 and a fifty-two week high of $46.89.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its 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). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities research analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal 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.