Federated Hermes Inc. Has $264,000 Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Federated Hermes Inc. cut its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,774 shares of the company’s stock after selling 549 shares during the quarter. Federated Hermes Inc.’s holdings in Hilton Grand Vacations were worth $264,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HGV. Norges Bank bought a new stake in Hilton Grand Vacations in the fourth quarter worth $33,047,000. Franklin Resources Inc. increased its holdings in shares of Hilton Grand Vacations by 17.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after acquiring an additional 499,067 shares during the last quarter. Barclays PLC lifted its holdings in 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 purchasing an additional 188,997 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Hilton Grand Vacations during the fourth quarter worth approximately $6,428,000. Finally, Pamalican Asset Management Ltd bought a new position in shares of Hilton Grand Vacations in the fourth quarter valued at approximately $5,842,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Trading Up 0.9 %

Shares of NYSE HGV opened at $33.16 on Friday. The firm has a market capitalization of $3.14 billion, a P/E ratio of 37.69, a P/E/G ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $45.48. The company’s 50 day simple moving average is $37.99 and its 200 day simple moving average is $39.09. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

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 the consensus estimate of $0.89 by ($0.40). The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. On average, analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. The Goldman Sachs Group cut their price objective on Hilton Grand Vacations from $42.00 to $30.00 and set a “sell” rating for the company in a research report on Monday. Morgan Stanley assumed coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They issued an “overweight” rating and a $47.00 price target on the stock. Mizuho increased their target price on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Truist Financial lifted their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Hilton Grand Vacations currently has an average rating of “Hold” and an average target price of $45.75.

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.