Vanguard Group Inc. Lowers Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Vanguard Group Inc. reduced its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,880,683 shares of the company's stock after selling 190,212 shares during the quarter. Vanguard Group Inc. owned about 6.99% of Hilton Grand Vacations worth $268,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HGV. Franklin Resources Inc. increased its position 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 valued at $117,402,000 after acquiring an additional 499,067 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Hilton Grand Vacations by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company's stock worth $34,746,000 after purchasing an additional 30,019 shares during the period. AlphaQuest LLC lifted its stake in Hilton Grand Vacations by 186,169.2% in the fourth quarter. AlphaQuest LLC now owns 24,215 shares of the company's stock worth $943,000 after purchasing an additional 24,202 shares during 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 raised its holdings in shares of Hilton Grand Vacations by 330.8% in the third quarter. Barclays PLC now owns 246,131 shares of the company's stock worth $8,941,000 after buying an additional 188,997 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Price Performance

Shares of HGV stock traded up $4.65 on Wednesday, reaching $36.45. 2,224,396 shares of the company were exchanged, compared to its average volume of 856,606. Hilton Grand Vacations Inc. has a 1 year low of $30.61 and a 1 year high of $45.48. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 41.42, a P/E/G ratio of 2.20 and a beta of 1.68. 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 business has a 50-day moving average price of $38.95 and a 200 day moving average price of $39.27.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $1.28 billion. Equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HGV shares. JMP Securities cut their price target on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating on the stock in a report on Wednesday, December 18th. StockNews.com raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Truist Financial upped their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Morgan Stanley initiated coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They set an "overweight" rating and a $47.00 price objective on the stock. Finally, The Goldman Sachs Group upped their target price on Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a "sell" rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of "Hold" and an average price target of $47.25.

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.