Great Lakes Advisors LLC Reduces Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Great Lakes Advisors LLC reduced its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 73.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 64,951 shares of the company’s stock after selling 177,498 shares during the period. Great Lakes Advisors LLC’s holdings in Hilton Grand Vacations were worth $2,530,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HGV. KBC Group NV increased its stake in Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after purchasing an additional 889 shares in the last quarter. Aigen Investment Management LP purchased a new position in Hilton Grand Vacations in the 4th quarter valued at approximately $200,000. Crossmark Global Holdings Inc. purchased a new position in Hilton Grand Vacations during the fourth quarter worth $204,000. FourThought Financial Partners LLC purchased a new position in Hilton Grand Vacations during the fourth quarter worth $232,000. Finally, Inceptionr LLC purchased a new position in Hilton Grand Vacations during the fourth quarter worth $266,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HGV shares. Mizuho raised their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Morgan Stanley started coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They set an “overweight” rating and a $47.00 price target for the company. Truist Financial raised their price target on 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 dropped their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group lifted their price objective on Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.25.

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock opened at $34.97 on Friday. Hilton Grand Vacations Inc. has a twelve month low of $33.21 and a twelve month high of $47.81. The stock has a market capitalization of $3.33 billion, a P/E ratio of 39.74, a PEG ratio of 2.20 and a beta of 1.84. 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 business’s fifty day moving average price is $40.44 and its 200 day moving average price is $39.38.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 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 $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

About Hilton Grand Vacations

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.