Savoir Faire Capital Management L.P. Sells 8,697 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Savoir Faire Capital Management L.P. decreased its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 37.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,328 shares of the company’s stock after selling 8,697 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Hilton Grand Vacations were worth $520,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Hilton Grand Vacations by 1.0% in the first quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after acquiring an additional 77,934 shares during the period. Khrom Capital Management LLC purchased a new position in shares of Hilton Grand Vacations in the second quarter valued at about $3,872,000. Barnett & Company Inc. purchased a new stake in shares of Hilton Grand Vacations in the third quarter worth about $1,190,000. Hantz Financial Services Inc. purchased a new stake in shares of Hilton Grand Vacations in the second quarter worth about $2,694,000. Finally, Assenagon Asset Management S.A. raised its position in Hilton Grand Vacations by 44.9% during the third quarter. Assenagon Asset Management S.A. now owns 148,292 shares of the company’s stock valued at $5,386,000 after purchasing an additional 45,978 shares during the period. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Down 1.0 %

Shares of NYSE:HGV opened at $41.44 on Tuesday. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $49.02. The stock has a market cap of $4.08 billion, a P/E ratio of 47.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.82. The business’s 50 day moving average is $37.74 and its 200 day moving average is $39.37. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. Sell-side analysts predict that Hilton Grand Vacations Inc. will post 3.49 EPS for the current year.

Wall Street Analysts Forecast Growth

HGV has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective on the stock. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Barclays upped their target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their target price for the company from $55.00 to $35.00 in a research note on Friday, August 9th. Finally, Truist Financial cut their target price on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Grand Vacations has a consensus rating of “Hold” and a consensus price target of $44.00.

About Hilton Grand Vacations

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.