Barnett & Company Inc. Lowers Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Barnett & Company Inc. lowered its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,175 shares of the company’s stock after selling 1,600 shares during the period. Barnett & Company Inc.’s holdings in Hilton Grand Vacations were worth $1,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HGV. FMR LLC increased its position in Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after purchasing an additional 917,397 shares during the period. Franklin Resources Inc. boosted its stake in shares of Hilton Grand Vacations by 17.8% during the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after purchasing an additional 499,067 shares in the last quarter. Barclays PLC raised its stake in Hilton Grand Vacations by 330.8% in the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after buying an additional 188,997 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Hilton Grand Vacations during the third quarter worth $2,688,000. Finally, Intech Investment Management LLC bought a new stake in Hilton Grand Vacations during the 3rd quarter valued at $2,385,000. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $37.66 on Monday. The business has a fifty day moving average of $40.34 and a 200 day moving average of $39.36. 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. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 42.79, a price-to-earnings-growth ratio of 2.20 and a beta of 1.84.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data 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). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on HGV shares. The Goldman Sachs Group lifted their target price on Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday, March 4th. Mizuho increased their target price on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. Barclays lifted their price target on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Truist Financial raised their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, JMP Securities reduced their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.