First Trust Advisors LP grew its stake in Hilton Grand Vacations Inc (NYSE:HGV) by 128.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,841 shares of the company’s stock after buying an additional 141,763 shares during the quarter. First Trust Advisors LP owned approximately 0.29% of Hilton Grand Vacations worth $8,059,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in Hilton Grand Vacations by 4,826.3% in the third quarter. Quadrant Capital Group LLC now owns 936 shares of the company’s stock worth $29,000 after buying an additional 917 shares in the last quarter. Lorber David A purchased a new stake in Hilton Grand Vacations in the second quarter worth about $74,000. Tower Research Capital LLC TRC purchased a new stake in Hilton Grand Vacations in the second quarter worth about $129,000. Brinker Capital Inc. grew its position in shares of Hilton Grand Vacations by 5.0% during the third quarter. Brinker Capital Inc. now owns 11,088 shares of the company’s stock worth $355,000 after purchasing an additional 529 shares in the last quarter. Finally, Cerebellum GP LLC grew its position in shares of Hilton Grand Vacations by 1,953.5% during the third quarter. Cerebellum GP LLC now owns 13,964 shares of the company’s stock worth $447,000 after purchasing an additional 13,284 shares in the last quarter. Institutional investors and hedge funds own 98.98% of the company’s stock.
Several analysts recently issued reports on HGV shares. Zacks Investment Research cut Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Goldman Sachs Group cut Hilton Grand Vacations from a “buy” rating to a “neutral” rating and increased their target price for the stock from $35.00 to $37.00 in a research report on Thursday, September 19th. SunTrust Banks cut their target price on Hilton Grand Vacations from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Janney Montgomery Scott cut Hilton Grand Vacations from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research report on Wednesday, September 25th. They noted that the move was a valuation call. Finally, Nomura increased their target price on Hilton Grand Vacations from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $37.63.
Shares of Hilton Grand Vacations stock opened at $34.88 on Tuesday. The stock has a 50 day moving average of $34.16 and a 200 day moving average of $31.18. Hilton Grand Vacations Inc has a 12 month low of $24.17 and a 12 month high of $36.56. The firm has a market cap of $3.02 billion, a PE ratio of 11.44, a PEG ratio of 1.89 and a beta of 1.99. The company has a current ratio of 4.41, a quick ratio of 3.27 and a debt-to-equity ratio of 3.42.
Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. Hilton Grand Vacations had a return on equity of 47.96% and a net margin of 13.12%. The company had revenue of $466.00 million during the quarter, compared to analyst estimates of $460.48 million. During the same period in the prior year, the company earned $0.42 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts forecast that Hilton Grand Vacations Inc will post 2.07 earnings per share for the current fiscal year.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.
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