New York State Common Retirement Fund raised its holdings in shares of Hilton Grand Vacations Inc (NYSE:HGV) by 79.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,976 shares of the company’s stock after purchasing an additional 108,542 shares during the quarter. New York State Common Retirement Fund owned approximately 0.25% of Hilton Grand Vacations worth $9,502,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Hilton Grand Vacations by 17.5% during the second quarter. Vanguard Group Inc. now owns 5,285,950 shares of the company’s stock valued at $190,611,000 after acquiring an additional 788,628 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Hilton Grand Vacations by 7.3% in the second quarter. Capital Research Global Investors now owns 4,678,200 shares of the company’s stock worth $168,696,000 after purchasing an additional 319,000 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Hilton Grand Vacations by 7,430.7% in the second quarter. Alliancebernstein L.P. now owns 2,245,594 shares of the company’s stock worth $80,976,000 after purchasing an additional 2,215,775 shares during the last quarter. FMR LLC grew its holdings in shares of Hilton Grand Vacations by 1.9% in the second quarter. FMR LLC now owns 2,135,847 shares of the company’s stock worth $77,019,000 after purchasing an additional 39,299 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Hilton Grand Vacations by 19.9% in the third quarter. Principal Financial Group Inc. now owns 1,869,105 shares of the company’s stock worth $72,203,000 after purchasing an additional 309,690 shares during the last quarter. 99.32% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently weighed in on HGV. Zacks Investment Research upgraded shares of 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 assumed coverage on shares of Hilton Grand Vacations in a report on Friday, January 5th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Hilton Grand Vacations presently has a consensus rating of “Buy” and an average target price of $41.29.
Hilton Grand Vacations Inc (NYSE HGV) traded down $0.03 on Friday, hitting $41.95. The stock had a trading volume of 274,047 shares, compared to its average volume of 536,467. Hilton Grand Vacations Inc has a 12-month low of $24.90 and a 12-month high of $43.19. The stock has a market cap of $4,160.00 and a price-to-earnings ratio of 22.92. The company has a current ratio of 4.50, a quick ratio of 3.39 and a debt-to-equity ratio of 3.29.
Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $426.00 million during the quarter, compared to the consensus estimate of $435.83 million. Hilton Grand Vacations had a return on equity of 56.00% and a net margin of 10.09%. Hilton Grand Vacations’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.35 EPS. equities analysts anticipate that Hilton Grand Vacations Inc will post 1.96 EPS for the current fiscal year.
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Hilton Grand Vacations Company 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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