Hilton Grand Vacations Inc. (NYSE:HGV) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 31.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,182 shares of the company’s stock after buying an additional 3,398 shares during the quarter. Victory Capital Management Inc.’s holdings in Hilton Grand Vacations were worth $675,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HGV. Advisory Services Network LLC acquired a new stake in Hilton Grand Vacations in the second quarter worth approximately $116,000. FORA Capital LLC lifted its position in Hilton Grand Vacations by 113.2% in the second quarter. FORA Capital LLC now owns 3,753 shares of the company’s stock worth $155,000 after purchasing an additional 1,993 shares during the period. Ellevest Inc. lifted its position in Hilton Grand Vacations by 72.6% in the third quarter. Ellevest Inc. now owns 4,301 shares of the company’s stock worth $205,000 after purchasing an additional 1,809 shares during the period. Point72 Asset Management L.P. acquired a new stake in Hilton Grand Vacations in the second quarter worth approximately $195,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Hilton Grand Vacations in the second quarter worth approximately $214,000.

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 17,526 shares of the business’s stock in a transaction on Tuesday, November 16th. The shares were sold at an average price of $51.88, for a total transaction of $909,248.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Shares of NYSE:HGV opened at $51.70 on Friday. The company’s fifty day moving average is $50.96 and its two-hundred day moving average is $46.57. The company has a quick ratio of 3.17, a current ratio of 4.95 and a debt-to-equity ratio of 2.23. Hilton Grand Vacations Inc. has a 12-month low of $28.88 and a 12-month high of $56.33. The company has a market cap of $4.43 billion, a P/E ratio of -58.09 and a beta of 2.14.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Tuesday, November 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.52. Hilton Grand Vacations had a negative net margin of 3.10% and a positive return on equity of 22.06%. The company had revenue of $928.00 million for the quarter, compared to the consensus estimate of $435.48 million. During the same period in the previous year, the business earned ($0.08) EPS. The company’s revenue was up 346.2% on a year-over-year basis. Equities research analysts anticipate that Hilton Grand Vacations Inc. will post 1.37 earnings per share for the current year.

A number of equities research analysts have weighed in on HGV shares. The Goldman Sachs Group started coverage on Hilton Grand Vacations in a research report on Tuesday, October 19th. They issued a “buy” rating for the company. Credit Suisse Group restated an “outperform” rating and issued a $82.00 target price on shares of Hilton Grand Vacations in a research report on Thursday, December 2nd. Truist Securities increased their price objective on Hilton Grand Vacations from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 6th. Jefferies Financial Group upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating and increased their price objective for the company from $46.00 to $62.00 in a research report on Thursday, November 18th. Finally, Zacks Investment Research upgraded Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective for the company in a research report on Tuesday, November 16th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $64.80.

Hilton Grand Vacations Profile

Hilton Grand Vacations, Inc engages in marketing and sale of vacation ownership interval and management of resorts in urban destinations. It operates through the Real Estate Sales and Financing; and Resort Operations and Club Management segments. The Real Estate Sales and Financing segment refers to the sale of vacation ownership intervals on behalf of third-party developers using the Hilton Grand Vacations brand in exchange for sales, marketing and brand fees, and the financing solutions.

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Institutional Ownership by Quarter for Hilton Grand Vacations (NYSE:HGV)

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