Keybank National Association OH boosted its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 30.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,528 shares of the company’s stock after buying an additional 5,677 shares during the period. Keybank National Association OH’s holdings in Hilton Grand Vacations were worth $948,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Hilton Grand Vacations by 17.5% in the second quarter. Vanguard Group Inc. now owns 5,285,950 shares of the company’s stock valued at $190,611,000 after buying an additional 788,628 shares during the last quarter. Capital Research Global Investors lifted its holdings in 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 valued at $168,696,000 after acquiring an additional 319,000 shares during the period. Alliancebernstein L.P. lifted its holdings in 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 valued at $80,976,000 after acquiring an additional 2,215,775 shares during the period. FMR LLC lifted its holdings in Hilton Grand Vacations by 1.9% in the second quarter. FMR LLC now owns 2,135,847 shares of the company’s stock valued at $77,019,000 after acquiring an additional 39,299 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Hilton Grand Vacations by 1,127.9% in the second quarter. Wells Fargo & Company MN now owns 1,824,671 shares of the company’s stock valued at $65,798,000 after acquiring an additional 1,676,070 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.
In other Hilton Grand Vacations news, Director David William Johnson bought 28,000 shares of Hilton Grand Vacations stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $35.16 per share, with a total value of $984,480.00. Following the purchase, the director now directly owns 33,000 shares in the company, valued at approximately $1,160,280. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.46% of the company’s stock.
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Hilton Grand Vacations Inc. (HGV) opened at $40.48 on Wednesday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 3.39 and a current ratio of 4.50. The firm has a market capitalization of $4,037.88 and a P/E ratio of 22.27. Hilton Grand Vacations Inc. has a 52 week low of $24.60 and a 52 week high of $42.22.
Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Wednesday, November 1st. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business 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 72.15% and a net margin of 10.84%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS. research analysts anticipate that Hilton Grand Vacations Inc. will post 1.96 earnings per share for the current year.
A number of brokerages have issued reports on HGV. Instinet reissued a “buy” rating and issued a $45.00 price target (up from $44.00) on shares of Hilton Grand Vacations in a report 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 target for the company in a report on Tuesday, August 8th. Finally, Nomura boosted their price target on Hilton Grand Vacations from $44.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $38.78.
Hilton Grand Vacations 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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