Exchange Traded Concepts LLC Buys 55,514 Shares of Hilton Grand Vacations Inc. $HGV

Exchange Traded Concepts LLC grew its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 218.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,929 shares of the company’s stock after purchasing an additional 55,514 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.09% of Hilton Grand Vacations worth $3,622,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 565 shares during the last quarter. GAMMA Investing LLC boosted its position in Hilton Grand Vacations by 60.6% during 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 period. Quarry LP bought a new stake in Hilton Grand Vacations in the 3rd quarter worth $44,000. State of Wyoming purchased a new position in shares of Hilton Grand Vacations in the third quarter valued at about $56,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of Hilton Grand Vacations in the third quarter valued at about $92,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Down 0.6%

Shares of NYSE HGV opened at $37.64 on Tuesday. The firm has a fifty day simple moving average of $44.49 and a two-hundred day simple moving average of $43.73. Hilton Grand Vacations Inc. has a 12 month low of $30.59 and a 12 month high of $52.08. 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 firm has a market capitalization of $3.06 billion, a PE ratio of 41.37, a price-to-earnings-growth ratio of 0.52 and a beta of 1.43.

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

Analyst Upgrades and Downgrades

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