Public Employees Retirement Association of Colorado reduced its position in Hilton Grand Vacations Inc (NYSE:HGV) by 97.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,332 shares of the company’s stock after selling 363,607 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Hilton Grand Vacations were worth $299,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HGV. Brinker Capital Inc. grew its stake in shares of Hilton Grand Vacations by 5.0% during the third quarter. Brinker Capital Inc. now owns 11,088 shares of the company’s stock worth $355,000 after purchasing an additional 529 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Hilton Grand Vacations by 0.5% during the second quarter. UBS Asset Management Americas Inc. now owns 116,735 shares of the company’s stock worth $3,715,000 after purchasing an additional 547 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Hilton Grand Vacations by 4,826.3% during the third quarter. Quadrant Capital Group LLC now owns 936 shares of the company’s stock worth $29,000 after purchasing an additional 917 shares during the period. SG Americas Securities LLC grew its stake in shares of Hilton Grand Vacations by 1.5% during the third quarter. SG Americas Securities LLC now owns 70,819 shares of the company’s stock worth $2,266,000 after purchasing an additional 1,077 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Hilton Grand Vacations by 0.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 511,197 shares of the company’s stock worth $16,267,000 after purchasing an additional 1,412 shares during the period.
HGV has been the subject of a number of analyst reports. Wolfe Research set a $43.00 price objective on Hilton Grand Vacations and gave the stock a “buy” rating in a research note on Friday, November 1st. Nomura lifted their target price on Hilton Grand Vacations from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Janney Montgomery Scott lowered Hilton Grand Vacations from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Wednesday, September 25th. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded Hilton Grand Vacations from an “underweight” rating to a “neutral” rating and set a $33.00 target price on the stock in a report on Tuesday, August 20th. Finally, ValuEngine lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $37.63.
In other news, insider Barbara L. Hollkamp sold 2,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $33.56, for a total value of $67,120.00. Following the sale, the insider now directly owns 51,547 shares in the company, valued at $1,729,917.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.05% of the company’s stock.
HGV stock opened at $35.33 on Thursday. The business’s 50-day moving average price is $33.90 and its two-hundred day moving average price is $31.11. The company has a current ratio of 4.41, a quick ratio of 3.27 and a debt-to-equity ratio of 3.42. The firm has a market cap of $3.01 billion, a PE ratio of 11.58, a P/E/G ratio of 1.89 and a beta of 1.99. Hilton Grand Vacations Inc has a 1-year low of $24.17 and a 1-year high of $36.56.
Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. The company had revenue of $466.00 million for the quarter, compared to analyst estimates of $460.48 million. Hilton Grand Vacations had a return on equity of 47.96% and a net margin of 13.12%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. On average, analysts forecast that Hilton Grand Vacations Inc will post 2.07 earnings per share for the current year.
Hilton Grand Vacations Profile
Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership 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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