Schwab Charles Investment Management Inc. Has $5.97 Million Position in Hilton Grand Vacations Inc. (HGV)

Schwab Charles Investment Management Inc. lifted its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 9.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,611 shares of the company’s stock after acquiring an additional 14,272 shares during the period. Schwab Charles Investment Management Inc. owned 0.17% of Hilton Grand Vacations worth $5,972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in shares of Hilton Grand Vacations by 129.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock valued at $223,000 after acquiring an additional 3,500 shares during the last quarter. Cigna Investments Inc. New acquired a new stake in shares of Hilton Grand Vacations during the second quarter valued at $263,000. Seven Bridges Advisors LLC boosted its stake in shares of Hilton Grand Vacations by 93.6% during the second quarter. Seven Bridges Advisors LLC now owns 10,574 shares of the company’s stock valued at $381,000 after acquiring an additional 5,113 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Hilton Grand Vacations during the second quarter valued at $390,000. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of Hilton Grand Vacations by 1.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 11,194 shares of the company’s stock valued at $404,000 after acquiring an additional 199 shares during the last quarter. 97.90% of the stock is currently owned by institutional investors and hedge funds.

HGV has been the topic of a number of analyst reports. Buckingham Research initiated coverage on Hilton Grand Vacations in a research note on Monday, June 19th. They set a “buy” rating and a $42.00 price objective on the stock. Instinet reaffirmed a “buy” rating and set a $45.00 price objective (up previously from $44.00) on shares of Hilton Grand Vacations in a research note on Wednesday, August 9th. Zacks Investment Research raised Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, August 8th. Finally, Nomura increased their price objective on Hilton Grand Vacations from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Nine equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $38.78.

In other Hilton Grand Vacations news, Director David William Johnson purchased 28,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of $35.16 per share, for a total transaction of $984,480.00. Following the completion of the acquisition, the director now owns 33,000 shares of the company’s stock, valued at approximately $1,160,280. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

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Hilton Grand Vacations Inc. (HGV) opened at 39.28 on Thursday. The company’s 50-day moving average price is $38.11 and its 200 day moving average price is $38.11. Hilton Grand Vacations Inc. has a 52-week low of $24.60 and a 52-week high of $40.11. The stock has a market capitalization of $3.89 billion and a P/E ratio of 22.36.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $413.33 million. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities research analysts anticipate that Hilton Grand Vacations Inc. will post $1.94 earnings per share for the current year.

About Hilton Grand Vacations

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

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