American International Group Inc. boosted its stake in shares of Hilton Grand Vacations Inc (NYSE:HGV) by 204.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,432 shares of the company’s stock after purchasing an additional 1,632 shares during the period. American International Group Inc.’s holdings in Hilton Grand Vacations were worth $102,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership lifted its position in Hilton Grand Vacations by 51.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,141,171 shares of the company’s stock valued at $47,872,000 after purchasing an additional 388,545 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in Hilton Grand Vacations by 9.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 56,053 shares of the company’s stock valued at $2,351,000 after purchasing an additional 4,918 shares in the last quarter. BlackRock Inc. lifted its position in Hilton Grand Vacations by 3.4% during the fourth quarter. BlackRock Inc. now owns 2,752,370 shares of the company’s stock valued at $115,463,000 after purchasing an additional 90,899 shares in the last quarter. Schroder Investment Management Group purchased a new position in Hilton Grand Vacations during the fourth quarter valued at $789,000. Finally, Bank of New York Mellon Corp lifted its position in Hilton Grand Vacations by 24.0% during the fourth quarter. Bank of New York Mellon Corp now owns 330,312 shares of the company’s stock valued at $13,856,000 after purchasing an additional 63,949 shares in the last quarter. Institutional investors own 97.51% of the company’s stock.
Shares of Hilton Grand Vacations Inc (HGV) opened at $43.89 on Friday. The company has a current ratio of 4.49, a quick ratio of 3.34 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $4,545.74, a PE ratio of 13.38 and a beta of 0.96. Hilton Grand Vacations Inc has a twelve month low of $27.96 and a twelve month high of $47.75.
HGV has been the topic of a number of recent analyst reports. Zacks Investment Research raised Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Wednesday, January 3rd. Macquarie initiated coverage on Hilton Grand Vacations in a report on Friday, January 5th. They set a “neutral” rating on the stock. SunTrust Banks set a $50.00 price target on Hilton Grand Vacations and gave the company a “buy” rating in a report on Thursday, March 1st. Finally, ValuEngine raised Hilton Grand Vacations from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $44.00.
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Hilton Grand Vacations Profile
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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