JPMorgan Chase & Co. decreased its holdings in shares of Hilton Grand Vacations Inc (NYSE:HGV) by 90.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,514 shares of the company’s stock after selling 124,949 shares during the quarter. JPMorgan Chase & Co.’s holdings in Hilton Grand Vacations were worth $413,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. First Hawaiian Bank acquired a new stake in Hilton Grand Vacations in the third quarter valued at $247,000. Stone Ridge Asset Management LLC lifted its stake in Hilton Grand Vacations by 45.9% in the third quarter. Stone Ridge Asset Management LLC now owns 14,482 shares of the company’s stock valued at $479,000 after acquiring an additional 4,556 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Hilton Grand Vacations in the second quarter valued at $538,000. Envestnet Asset Management Inc. lifted its stake in Hilton Grand Vacations by 69.7% in the second quarter. Envestnet Asset Management Inc. now owns 17,019 shares of the company’s stock valued at $590,000 after acquiring an additional 6,993 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Hilton Grand Vacations in the third quarter valued at $573,000. Institutional investors and hedge funds own 94.66% of the company’s stock.
In other Hilton Grand Vacations news, Director David William Johnson purchased 7,000 shares of the stock in a transaction that occurred on Monday, December 10th. The shares were acquired at an average cost of $28.54 per share, with a total value of $199,780.00. Following the completion of the transaction, the director now owns 43,135 shares in the company, valued at $1,231,072.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by company insiders.
A number of brokerages have commented on HGV. Zacks Investment Research cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Macquarie raised shares of Hilton Grand Vacations from a “neutral” rating to an “outperform” rating in a research report on Thursday, November 15th. Goldman Sachs Group dropped their price objective on shares of Hilton Grand Vacations to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, November 27th. ValuEngine lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Hilton Grand Vacations from $47.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $40.50.
Shares of HGV opened at $29.51 on Friday. The stock has a market capitalization of $2.83 billion, a PE ratio of 14.98, a P/E/G ratio of 2.07 and a beta of 1.62. Hilton Grand Vacations Inc has a fifty-two week low of $24.17 and a fifty-two week high of $47.75. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.35 and a current ratio of 4.69.
Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The company had revenue of $427.00 million during the quarter, compared to the consensus estimate of $429.21 million. Hilton Grand Vacations had a net margin of 20.01% and a return on equity of 45.87%. Hilton Grand Vacations’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. Equities research analysts anticipate that Hilton Grand Vacations Inc will post 3.02 EPS for the current fiscal year.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing; and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.
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