Independent Family Office LLC Purchases Shares of 16,085 Hilton Grand Vacations Inc. (NYSE:HGV)

Independent Family Office LLC bought a new position in Hilton Grand Vacations Inc. (NYSE:HGV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,085 shares of the company’s stock, valued at approximately $627,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HGV. Franklin Resources Inc. raised its position in shares of Hilton Grand Vacations by 17.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after purchasing an additional 499,067 shares during the period. AlphaQuest LLC boosted its stake in shares of Hilton Grand Vacations by 186,169.2% during the 4th quarter. AlphaQuest LLC now owns 24,215 shares of the company’s stock worth $943,000 after acquiring an additional 24,202 shares in the last quarter. Barclays PLC lifted its holdings in shares of Hilton Grand Vacations by 330.8% in the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after purchasing an additional 188,997 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hilton Grand Vacations by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company’s stock valued at $34,746,000 after purchasing an additional 30,019 shares in the last quarter. Finally, PB Investment Partners L.P. lifted its holdings in shares of Hilton Grand Vacations by 5.9% in the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock valued at $22,257,000 after purchasing an additional 31,939 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

Shares of NYSE:HGV opened at $36.78 on Tuesday. The company’s 50 day simple moving average is $40.41 and its 200 day simple moving average is $39.38. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 41.79, a price-to-earnings-growth ratio of 2.20 and a beta of 1.84. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $47.81. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.40). The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. As a group, research analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HGV. Mizuho increased their price objective on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. The Goldman Sachs Group lifted their price objective on Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, March 4th. Morgan Stanley initiated coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They set an “overweight” rating and a $47.00 price target on the stock. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Finally, Truist Financial upped their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $47.25.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.