Envestnet Asset Management Inc. lessened its holdings in Hilton Grand Vacations Inc (NYSE:HGV) by 44.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,026 shares of the company’s stock after selling 7,897 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Hilton Grand Vacations were worth $431,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. William Blair Investment Management LLC boosted its position in shares of Hilton Grand Vacations by 96.0% in the fourth quarter. William Blair Investment Management LLC now owns 3,105,485 shares of the company’s stock valued at $130,275,000 after acquiring an additional 1,521,130 shares during the period. Wells Fargo & Company MN lifted its position in Hilton Grand Vacations by 12.3% during the first quarter. Wells Fargo & Company MN now owns 3,092,794 shares of the company’s stock worth $133,054,000 after purchasing an additional 339,549 shares during the period. 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 worth $115,463,000 after purchasing an additional 90,899 shares during the period. 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 worth $47,872,000 after purchasing an additional 388,545 shares during the period. Finally, TimesSquare Capital Management LLC lifted its position in Hilton Grand Vacations by 6.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 960,600 shares of the company’s stock worth $40,297,000 after purchasing an additional 60,600 shares during the period.
HGV has been the subject of several recent analyst reports. SunTrust Banks set a $50.00 price objective on shares of Hilton Grand Vacations and gave the stock a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective for the company in a research report on Tuesday, March 6th. Credit Suisse Group initiated coverage on shares of Hilton Grand Vacations in a research report on Friday, May 18th. They set an “outperform” rating and a $48.00 price objective for the company. JPMorgan Chase & Co. set a $49.00 price objective on shares of Hilton Grand Vacations and gave the stock a “buy” rating in a research report on Friday, May 11th. Finally, ValuEngine cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Hilton Grand Vacations currently has an average rating of “Buy” and a consensus price target of $47.14.
HGV opened at $39.62 on Monday. Hilton Grand Vacations Inc has a twelve month low of $32.20 and a twelve month high of $47.75. The company has a debt-to-equity ratio of 2.56, a current ratio of 4.92 and a quick ratio of 3.47. The stock has a market cap of $3.84 billion, a P/E ratio of 22.51 and a beta of 0.79.
Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, May 3rd. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.10). The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $435.86 million. Hilton Grand Vacations had a return on equity of 45.63% and a net margin of 18.28%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. analysts anticipate that Hilton Grand Vacations Inc will post 3.04 EPS for the current fiscal year.
In related news, Director Paul W. Whetsell bought 5,000 shares of the company’s stock in a transaction dated Wednesday, May 16th. The stock was purchased at an average price of $39.06 per share, with a total value of $195,300.00. Following the completion of the acquisition, the director now owns 10,635 shares of the company’s stock, valued at $415,403.10. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Tourism Group Co. Ltd. Hna sold 24,750,000 shares of the stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $46.10, for a total transaction of $1,140,975,000.00. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.
About Hilton Grand Vacations
Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare 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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