American International Group Inc. increased its position in shares of Hilton Grand Vacations Inc (NYSE:HGV) by 204.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,432 shares of the company’s stock after purchasing an additional 1,632 shares during the quarter. American International Group Inc.’s holdings in Hilton Grand Vacations were worth $102,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Hilton Grand Vacations by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock worth $107,000 after acquiring an additional 202 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Hilton Grand Vacations by 2.0% in the third quarter. Rhumbline Advisers now owns 66,938 shares of the company’s stock worth $2,586,000 after acquiring an additional 1,306 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Hilton Grand Vacations by 2.2% in the third quarter. California Public Employees Retirement System now owns 77,497 shares of the company’s stock worth $2,994,000 after acquiring an additional 1,700 shares during the last quarter. Aperio Group LLC raised its holdings in shares of Hilton Grand Vacations by 19.4% in the third quarter. Aperio Group LLC now owns 11,882 shares of the company’s stock worth $459,000 after acquiring an additional 1,930 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Hilton Grand Vacations by 17.7% in the third quarter. Amalgamated Bank now owns 13,042 shares of the company’s stock worth $504,000 after acquiring an additional 1,957 shares during the last quarter. 97.59% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Tourism Group Co. Ltd. Hna sold 24,750,000 shares of the company’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $46.10, for a total value of $1,140,975,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company’s stock.
Hilton Grand Vacations stock traded down $0.68 during trading on Friday, hitting $42.65. The company’s stock had a trading volume of 1,084,393 shares, compared to its average volume of 2,134,733. The firm has a market capitalization of $4,300.58, a P/E ratio of 21.65 and a beta of 0.94. Hilton Grand Vacations Inc has a 1-year low of $30.44 and a 1-year high of $47.75. The company has a current ratio of 4.49, a quick ratio of 3.34 and a debt-to-equity ratio of 2.06.
Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Wednesday, February 28th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The firm had revenue of $447.00 million during the quarter, compared to analyst estimates of $450.57 million. Hilton Grand Vacations had a return on equity of 57.35% and a net margin of 19.11%. equities analysts predict that Hilton Grand Vacations Inc will post 2.83 EPS for the current year.
A number of research firms have recently weighed in on HGV. Macquarie began coverage on Hilton Grand Vacations in a report on Friday, January 5th. They issued a “neutral” rating for the company. Zacks Investment Research cut Hilton Grand Vacations from a “buy” rating to a “hold” rating in a report on Friday, January 5th. ValuEngine raised Hilton Grand Vacations from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, SunTrust Banks set a $50.00 price target on Hilton Grand Vacations and gave the stock a “buy” rating in a report on Thursday, March 1st. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Hilton Grand Vacations has a consensus rating of “Buy” and an average price target of $44.00.
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About Hilton Grand Vacations
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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