Deutsche Bank AG Raises Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Deutsche Bank AG raised its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 17.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 139,410 shares of the company’s stock after purchasing an additional 20,398 shares during the period. Deutsche Bank AG’s holdings in Hilton Grand Vacations were worth $5,430,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of HGV. Charles Schwab Investment Management Inc. increased its stake in shares of Hilton Grand Vacations by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company’s stock worth $34,746,000 after acquiring an additional 30,019 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Hilton Grand Vacations by 186,169.2% during the fourth quarter. AlphaQuest LLC now owns 24,215 shares of the company’s stock valued at $943,000 after purchasing an additional 24,202 shares in the last quarter. Independent Family Office LLC purchased a new position in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $627,000. Bank of Montreal Can boosted its position in shares of Hilton Grand Vacations by 5.1% in the 4th quarter. Bank of Montreal Can now owns 7,447 shares of the company’s stock worth $290,000 after purchasing an additional 361 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Hilton Grand Vacations by 330.8% in the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after buying an additional 188,997 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Analyst Upgrades and Downgrades

HGV has been the subject of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and set a $50.00 price objective on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Barclays reduced their price target on Hilton Grand Vacations from $45.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Truist Financial increased their price objective on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Morgan Stanley decreased their target price on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $46.00.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $42.11 on Monday. The company’s 50-day moving average price is $36.26 and its 200-day moving average price is $39.17. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The company has a market cap of $3.86 billion, a PE ratio of 47.85, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60. Hilton Grand Vacations Inc. has a twelve month low of $30.59 and a twelve month high of $44.99.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.40). The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 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 down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. On average, equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $38.78, for a total transaction of $1,977,780.00. Following the completion of the sale, the insider now directly owns 60,270 shares of the company’s stock, valued at approximately $2,337,270.60. This trade represents a 45.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by insiders.

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.