Quantbot Technologies LP Lowers Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Quantbot Technologies LP lessened its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 68.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HGV. FMR LLC lifted its stake in Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company's stock valued at $118,817,000 after acquiring an additional 917,397 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Hilton Grand Vacations by 17.8% in the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock valued at $117,402,000 after purchasing an additional 499,067 shares during the last quarter. Barclays PLC lifted its position 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. Edgestream Partners L.P. purchased a new position in Hilton Grand Vacations during the third quarter worth about $2,688,000. Finally, Holocene Advisors LP grew its position in 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 purchasing an additional 41,670 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Stock Performance

HGV traded down $3.32 on Thursday, hitting $34.54. The company's stock had a trading volume of 1,622,094 shares, compared to its average volume of 833,747. Hilton Grand Vacations Inc. has a 12 month low of $33.21 and a 12 month high of $46.89. The firm has a market cap of $3.27 billion, a P/E ratio of 39.25, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68. 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 company's 50 day simple moving average is $39.90 and its 200-day simple moving average is $39.41.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (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 company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.28 billion. Analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on HGV shares. StockNews.com raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Mizuho lifted their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Barclays boosted their price objective on 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. JMP Securities decreased their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a research report on Wednesday, December 18th. Finally, Truist Financial boosted their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $47.25.

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.