Assenagon Asset Management S.A. Has $7.25 Million Position in Hilton Grand Vacations Inc. $HGV

Assenagon Asset Management S.A. cut its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 27.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 161,951 shares of the company’s stock after selling 59,981 shares during the period. Assenagon Asset Management S.A. owned 0.19% of Hilton Grand Vacations worth $7,247,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake in Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after purchasing an additional 565 shares during the period. GAMMA Investing LLC grew its holdings in Hilton Grand Vacations by 60.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after buying an additional 349 shares during the last quarter. Quarry LP bought a new position in Hilton Grand Vacations in the 3rd quarter worth approximately $44,000. State of Wyoming acquired a new position in shares of Hilton Grand Vacations during the third quarter worth approximately $56,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Hilton Grand Vacations during the third quarter worth approximately $92,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

HGV opened at $37.86 on Friday. The stock’s 50 day simple moving average is $44.67 and its 200-day simple moving average is $43.81. The company has a current ratio of 5.20, a quick ratio of 3.17 and a debt-to-equity ratio of 5.04. The stock has a market cap of $3.08 billion, a PE ratio of 41.60, a P/E/G ratio of 0.52 and a beta of 1.43. Hilton Grand Vacations Inc. has a 1 year low of $30.59 and a 1 year high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, February 26th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.17). Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business earned $0.49 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Wall Street Analysts Forecast Growth

HGV has been the topic of several research analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $49.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, January 16th. Citizens Jmp upped their target price on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the company a “market outperform” rating in a research note on Monday, March 9th. Barclays reduced their price target on shares of Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. The Goldman Sachs Group restated a “sell” rating and issued a $40.00 price target on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Finally, Zacks Research downgraded shares of Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $52.33.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.