Bank of New York Mellon Corp Has $17.33 Million Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Bank of New York Mellon Corp cut its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 4.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 463,134 shares of the company’s stock after selling 20,401 shares during the quarter. Bank of New York Mellon Corp owned 0.49% of Hilton Grand Vacations worth $17,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. increased its position in Hilton Grand Vacations by 106.8% in the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company’s stock worth $40,000 after buying an additional 550 shares during the period. Covestor Ltd increased its position in Hilton Grand Vacations by 432.4% in the 4th quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $50,000 after buying an additional 1,042 shares during the period. FNY Investment Advisers LLC bought a new position in Hilton Grand Vacations in the 1st quarter worth approximately $73,000. Fifth Third Bancorp increased its position in Hilton Grand Vacations by 8.8% in the 1st quarter. Fifth Third Bancorp now owns 4,489 shares of the company’s stock worth $168,000 after buying an additional 364 shares during the period. Finally, Cibc World Markets Corp bought a new position in Hilton Grand Vacations in the 4th quarter worth approximately $261,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the company’s 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 transaction, the insider owned 60,270 shares of the company’s stock, valued at approximately $2,337,270.60. This represents a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HGV has been the topic of several recent research reports. The Goldman Sachs Group lifted their price objective on Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a “sell” rating in a report on Friday, May 2nd. Barclays decreased their price objective on Hilton Grand Vacations from $45.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, May 2nd. Morgan Stanley decreased their price target on Hilton Grand Vacations from $46.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Mizuho lifted their price objective on Hilton Grand Vacations from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Finally, JMP Securities restated a “market outperform” rating and set a $50.00 target price on shares of Hilton Grand Vacations in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $46.00.

Hilton Grand Vacations Price Performance

HGV stock opened at $46.74 on Friday. Hilton Grand Vacations Inc. has a 52-week low of $30.59 and a 52-week high of $49.25. The business has a 50-day simple moving average of $41.49 and a two-hundred day simple moving average of $39.39. The company has a market capitalization of $4.28 billion, a P/E ratio of 146.06, a price-to-earnings-growth ratio of 5.29 and a beta of 1.63. The company has a debt-to-equity ratio of 4.01, a quick ratio of 2.49 and a current ratio of 3.95.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.40). Hilton Grand Vacations had a return on equity of 9.93% and a net margin of 0.68%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm posted $0.95 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

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.