Savoir Faire Capital Management L.P. Lowers Stock Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Savoir Faire Capital Management L.P. lessened its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 29.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,038 shares of the company’s stock after selling 4,290 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Hilton Grand Vacations were worth $391,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Franklin Resources Inc. grew its position in Hilton Grand Vacations by 17.8% in the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after acquiring an additional 499,067 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Hilton Grand Vacations by 3.5% during the fourth 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 last quarter. AlphaQuest LLC lifted its stake in Hilton Grand Vacations by 186,169.2% during 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 purchased a new position in shares of Hilton Grand Vacations in the 4th quarter worth about $627,000. Finally, Barclays PLC increased its position in shares of Hilton Grand Vacations by 330.8% during the 3rd 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 during the last quarter. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Price Performance

HGV stock opened at $34.54 on Friday. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The firm’s 50-day moving average price is $39.90 and its two-hundred day moving average price is $39.41. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a 12-month low of $33.21 and a 12-month high of $46.89.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results 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 business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. As a group, equities analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Analysts Set New Price Targets

HGV has been the subject of a number of recent research reports. Truist Financial boosted their target price on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Mizuho upped their price objective on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. The Goldman Sachs Group increased their target price on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, March 4th. Morgan Stanley began coverage on shares of Hilton Grand Vacations in a research report on Monday, January 6th. They set an “overweight” rating and a $47.00 price target for the company. Finally, StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.