New York State Common Retirement Fund lifted its holdings in Hilton Grand Vacations Inc. (NYSE:HGV – Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255,564 shares of the company’s stock after acquiring an additional 22,043 shares during the period. New York State Common Retirement Fund owned approximately 0.23% of Hilton Grand Vacations worth $10,401,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in HGV. American Century Companies Inc. raised its position in shares of Hilton Grand Vacations by 4.1% in the 1st quarter. American Century Companies Inc. now owns 52,433 shares of the company’s stock worth $2,727,000 after acquiring an additional 2,064 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Hilton Grand Vacations by 327.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock valued at $28,000 after buying an additional 419 shares in the last quarter. MetLife Investment Management LLC increased its position in Hilton Grand Vacations by 54.6% in the 1st quarter. MetLife Investment Management LLC now owns 45,634 shares of the company’s stock valued at $2,373,000 after buying an additional 16,123 shares in the last quarter. Rhumbline Advisers increased its position in Hilton Grand Vacations by 4.3% in the 1st quarter. Rhumbline Advisers now owns 92,190 shares of the company’s stock valued at $4,795,000 after buying an additional 3,840 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Hilton Grand Vacations by 7.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 6,144 shares of the company’s stock valued at $340,000 after buying an additional 436 shares in the last quarter. 97.23% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on HGV. Truist Financial decreased their target price on Hilton Grand Vacations from $73.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Jefferies Financial Group raised Hilton Grand Vacations from a “hold” rating to a “buy” rating and boosted their target price for the company from $39.00 to $50.00 in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Hilton Grand Vacations currently has an average rating of “Moderate Buy” and an average target price of $60.67.
Hilton Grand Vacations Stock Performance
Shares of HGV opened at $42.05 on Thursday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.48 and a current ratio of 3.64. The stock has a 50 day moving average price of $40.70 and a two-hundred day moving average price of $40.36. The firm has a market capitalization of $4.54 billion, a P/E ratio of 14.75, a P/E/G ratio of 1.28 and a beta of 1.93. Hilton Grand Vacations Inc. has a 52 week low of $33.13 and a 52 week high of $51.81.
Hilton Grand Vacations (NYSE:HGV – Get Free Report) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.01. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. Hilton Grand Vacations had a return on equity of 19.31% and a net margin of 8.18%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS. Equities analysts forecast that Hilton Grand Vacations Inc. will post 3.47 earnings per share for the current fiscal year.
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.
- Five stocks we like better than Hilton Grand Vacations
- What is the Australian Securities Exchange (ASX)
- What are specialty REITs? How to invest in them
- How to invest in blue chip stocks
- Miso Robotics stock: Is an IPO coming soon?
- How to Invest in Mining Stocks
- Insiders are selling these hot stocks on track for higher prices
Receive News & Ratings for Hilton Grand Vacations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Grand Vacations and related companies with MarketBeat.com's FREE daily email newsletter.