Okabena Investment Services Inc. Decreases Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Okabena Investment Services Inc. lessened its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 26.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,194 shares of the company’s stock after selling 7,675 shares during the quarter. Okabena Investment Services Inc.’s holdings in Hilton Grand Vacations were worth $826,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Hilton Grand Vacations in the fourth quarter worth approximately $33,047,000. Fox Run Management L.L.C. bought a new position in shares of Hilton Grand Vacations during the 4th quarter valued at $362,000. KLP Kapitalforvaltning AS purchased a new position in shares of Hilton Grand Vacations in the 4th quarter worth $608,000. Independent Family Office LLC bought a new stake in shares of Hilton Grand Vacations in the fourth quarter worth $627,000. Finally, Cibc World Markets Corp purchased a new stake in Hilton Grand Vacations during the fourth quarter valued at $261,000. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Stock Down 1.4 %

Shares of HGV opened at $37.35 on Friday. The business’s 50 day moving average is $40.25 and its 200 day moving average is $39.38. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations Inc. has a 12-month low of $33.21 and a 12-month high of $47.37. The company has a market capitalization of $3.54 billion, a PE ratio of 42.45, a price-to-earnings-growth ratio of 2.20 and a beta of 1.84.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays raised their target price 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 dropped their price objective 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. Morgan Stanley began coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They issued an “overweight” rating and a $47.00 price objective for the company. Mizuho upped their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Finally, StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. One 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. According to MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of “Hold” and an average price target of $47.25.

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.