3,920 Shares in Hilton Grand Vacations Inc. (NYSE:HGV) Acquired by American Trust

American Trust acquired a new position in Hilton Grand Vacations Inc. (NYSE:HGVGet Rating) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,920 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings 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 worth $28,000 after buying an additional 419 shares in the last quarter. Penserra Capital Management LLC bought a new position in Hilton Grand Vacations in the 1st quarter worth approximately $37,000. Allworth Financial LP grew its holdings in Hilton Grand Vacations by 152.0% in the 1st quarter. Allworth Financial LP now owns 771 shares of the company’s stock worth $40,000 after buying an additional 465 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Hilton Grand Vacations by 53.6% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,120 shares of the company’s stock worth $59,000 after buying an additional 391 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Hilton Grand Vacations by 642.2% during the 1st quarter. Covestor Ltd now owns 1,195 shares of the company’s stock valued at $62,000 after purchasing an additional 1,034 shares in the last quarter. 98.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HGV shares. Truist Financial decreased their price target on Hilton Grand Vacations from $64.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, August 12th. Barclays started coverage on Hilton Grand Vacations in a research note on Tuesday, June 28th. They set an “overweight” rating and a $50.00 price target for the company. Finally, TheStreet lowered Hilton Grand Vacations from a “b” rating to a “c+” rating in a research note on Tuesday, June 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Hilton Grand Vacations currently has a consensus rating of “Moderate Buy” and an average target price of $64.25.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV opened at $38.94 on Tuesday. Hilton Grand Vacations Inc. has a one year low of $34.31 and a one year high of $56.33. The stock has a fifty day moving average of $41.15 and a 200-day moving average of $43.83. The company has a market capitalization of $4.58 billion, a PE ratio of 15.33 and a beta of 1.96. The company has a debt-to-equity ratio of 1.83, a quick ratio of 2.50 and a current ratio of 3.62.

Hilton Grand Vacations (NYSE:HGVGet Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.21). Hilton Grand Vacations had a net margin of 8.53% and a return on equity of 15.70%. The company had revenue of $948.00 million for the quarter, compared to analyst estimates of $951.37 million. During the same quarter last year, the company posted $0.10 EPS. Hilton Grand Vacations’s revenue was up 183.8% on a year-over-year basis. As a group, equities analysts anticipate that Hilton Grand Vacations Inc. will post 2.59 EPS for the current fiscal year.

Hilton Grand Vacations Profile

(Get Rating)

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals and vacation ownership interests; manages resorts and clubs; operates points-based vacation clubs and resort amenities; and finances and services loans provided to consumers for their timeshare purchases.

Further Reading

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Institutional Ownership by Quarter for Hilton Grand Vacations (NYSE:HGV)

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