Hilton Grand Vacations Inc. (NYSE:HGV) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 213,288 shares of the company’s stock after purchasing an additional 2,438 shares during the period. Rhumbline Advisers owned approximately 0.23% of Hilton Grand Vacations worth $7,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Covestor Ltd raised its holdings in shares of Hilton Grand Vacations by 432.4% during the fourth quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $50,000 after acquiring an additional 1,042 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $200,000. FourThought Financial Partners LLC acquired a new stake in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $232,000. Cibc World Markets Corp acquired a new position in Hilton Grand Vacations in the 4th quarter valued at approximately $261,000. Finally, Inceptionr LLC acquired a new position in Hilton Grand Vacations in the 4th quarter valued at approximately $266,000. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $40.38 on Wednesday. Hilton Grand Vacations Inc. has a 1 year low of $30.59 and a 1 year high of $44.99. The firm’s fifty day simple moving average is $36.85 and its 200 day simple moving average is $38.93. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $3.70 billion, a PE ratio of 45.89, a PEG ratio of 2.20 and a beta of 1.63.

Hilton Grand Vacations (NYSE:HGV) last posted its 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). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the business posted $0.95 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Insider Activity at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 51,000 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $38.78, for a total value 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 $2,337,270.60. This represents a 45.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on HGV shares. JMP Securities reiterated a “market outperform” rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a research note on Monday, May 5th. The Goldman Sachs Group upped their price objective on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the company a “sell” rating in a research note on Friday, May 2nd. Truist Financial upped 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 note on Friday, March 7th. Barclays decreased their target price on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. Finally, Wall Street Zen raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.00.

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.