Hilton Grand Vacations Inc. (NYSE:HGV) Holdings Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in Hilton Grand Vacations Inc. (NYSE:HGVFree Report) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,807 shares of the company’s stock after acquiring an additional 1,609 shares during the period. Janney Montgomery Scott LLC’s holdings in Hilton Grand Vacations were worth $474,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HGV. New York State Common Retirement Fund lifted its stake in Hilton Grand Vacations by 9.4% in the 3rd quarter. New York State Common Retirement Fund now owns 255,564 shares of the company’s stock worth $10,401,000 after acquiring an additional 22,043 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Hilton Grand Vacations in the 3rd quarter worth about $167,000. Charles Schwab Investment Management Inc. lifted its stake in Hilton Grand Vacations by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 864,174 shares of the company’s stock worth $35,172,000 after acquiring an additional 7,295 shares in the last quarter. UBS Group AG lifted its stake in Hilton Grand Vacations by 35.4% in the 3rd quarter. UBS Group AG now owns 85,051 shares of the company’s stock worth $3,462,000 after acquiring an additional 22,225 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Hilton Grand Vacations by 3.2% in the 3rd quarter. Deutsche Bank AG now owns 119,329 shares of the company’s stock worth $4,857,000 after acquiring an additional 3,734 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV opened at $40.99 on Wednesday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 3.11 and a current ratio of 4.44. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.93 and a beta of 1.89. The business’s 50-day simple moving average is $43.45 and its 200-day simple moving average is $42.48. Hilton Grand Vacations Inc. has a 52 week low of $33.13 and a 52 week high of $49.02.

Hilton Grand Vacations (NYSE:HGVGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. Hilton Grand Vacations had a return on equity of 19.41% and a net margin of 5.62%. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 EPS. As a group, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.63 earnings per share for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 23,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the completion of the sale, the insider now owns 140,618 shares in the company, valued at approximately $6,396,712.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Jorge Pablo Brizi sold 28,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the sale, the insider now owns 51,855 shares in the company, valued at approximately $2,437,185. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles R. Jr. Corbin sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total value of $1,046,270.00. Following the completion of the sale, the insider now owns 140,618 shares of the company’s stock, valued at approximately $6,396,712.82. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HGV has been the subject of several research analyst reports. Barclays increased their price objective on Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Truist Financial upped their target price on Hilton Grand Vacations from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Mizuho initiated coverage on Hilton Grand Vacations in a research report on Tuesday, March 26th. They issued a “buy” rating and a $63.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $55.00 target price on shares of Hilton Grand Vacations in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. initiated coverage on Hilton Grand Vacations in a research report on Monday, April 15th. They issued an “overweight” rating and a $59.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.71.

Get Our Latest Stock Analysis on HGV

About Hilton Grand Vacations

(Free Report)

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.

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

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