Handelsbanken Fonder AB Sells 1,600 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Handelsbanken Fonder AB trimmed its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 6.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 23,809 shares of the company’s stock after selling 1,600 shares during the period. Handelsbanken Fonder AB’s holdings in Hilton Grand Vacations were worth $927,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Reston Wealth Management LLC bought a new position in Hilton Grand Vacations in the 3rd quarter valued at $25,000. Blue Trust Inc. boosted its position in Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after buying an additional 588 shares during the last quarter. KBC Group NV boosted its position in Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after buying an additional 889 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Hilton Grand Vacations in the 4th quarter valued at $204,000. Finally, Wittenberg Investment Management Inc. bought a new position in Hilton Grand Vacations in the 3rd quarter valued at $345,000. 97.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HGV. Mizuho increased their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday. Truist Financial cut their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Barclays increased their price target on Hilton Grand Vacations from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday. JMP Securities cut their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Wednesday, December 18th. Finally, StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Hilton Grand Vacations presently has an average rating of “Hold” and a consensus price target of $45.13.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock opened at $42.95 on Friday. The company has a market capitalization of $4.23 billion, a PE ratio of 48.81, a PEG ratio of 2.20 and a beta of 1.85. Hilton Grand Vacations Inc. has a 12 month low of $33.21 and a 12 month high of $48.65. 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 stock’s fifty day simple moving average is $40.59 and its 200 day simple moving average is $39.27.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, research analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

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.