BNP Paribas Financial Markets Has $736,000 Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

BNP Paribas Financial Markets trimmed its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 66.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,901 shares of the company’s stock after selling 37,880 shares during the period. BNP Paribas Financial Markets’ holdings in Hilton Grand Vacations were worth $736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. lifted its stake in shares of Hilton Grand Vacations by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company’s stock valued at $143,031,000 after buying an additional 373,442 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Hilton Grand Vacations by 21.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company’s stock worth $114,329,000 after acquiring an additional 512,362 shares during the period. Nantahala Capital Management LLC lifted its position in shares of Hilton Grand Vacations by 131.8% in the 4th quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company’s stock worth $67,422,000 after acquiring an additional 984,166 shares during the period. Northern Trust Corp grew its holdings in shares of Hilton Grand Vacations by 10.3% during the 4th quarter. Northern Trust Corp now owns 892,091 shares of the company’s stock worth $34,747,000 after purchasing an additional 83,334 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Hilton Grand Vacations by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company’s stock valued at $34,746,000 after purchasing an additional 30,019 shares during the period. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Down 0.3%

Shares of HGV opened at $38.61 on Friday. The stock has a fifty day moving average price of $36.63 and a two-hundred day moving average price of $39.21. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. Hilton Grand Vacations Inc. has a 52-week low of $30.59 and a 52-week high of $44.99. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 43.87, a PEG ratio of 2.20 and a beta of 1.60.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.40). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 earnings per share. Analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley reduced their target price on Hilton Grand Vacations from $46.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Mizuho lifted their target price on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Truist Financial increased their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. JMP Securities reaffirmed a “market outperform” rating and set a $50.00 price objective on shares of Hilton Grand Vacations in a report on Monday, May 5th. Finally, Wall Street Zen upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. One 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $46.00.

Insiders Place Their Bets

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the business’s stock in a transaction 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 owns 60,270 shares in the company, valued at $2,337,270.60. The trade was a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.30% of the company’s stock.

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.