Connor Clark & Lunn Investment Management Ltd. purchased a new position in Hilton Grand Vacations Inc. (NYSE:HGV – Get Rating) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,023 shares of the company’s stock, valued at approximately $2,660,000. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Hilton Grand Vacations as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HGV. American Century Companies Inc. grew its stake in Hilton Grand Vacations by 4.1% in the first quarter. American Century Companies Inc. now owns 52,433 shares of the company’s stock worth $2,727,000 after purchasing an additional 2,064 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Hilton Grand Vacations by 327.3% during the first quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock valued at $28,000 after purchasing an additional 419 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Hilton Grand Vacations by 54.6% during the first quarter. MetLife Investment Management LLC now owns 45,634 shares of the company’s stock valued at $2,373,000 after purchasing an additional 16,123 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Hilton Grand Vacations by 4.3% during the first quarter. Rhumbline Advisers now owns 92,190 shares of the company’s stock valued at $4,795,000 after purchasing an additional 3,840 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in Hilton Grand Vacations by 7.6% in the first quarter. Great West Life Assurance Co. Can now owns 6,144 shares of the company’s stock valued at $340,000 after acquiring an additional 436 shares during the period. 93.66% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Barclays increased their target price on Hilton Grand Vacations from $50.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, March 2nd. Jefferies Financial Group downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their target price for the company from $68.00 to $52.00 in a report on Friday, February 3rd. Credit Suisse Group upped their price target on Hilton Grand Vacations from $84.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, March 2nd. StockNews.com upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Bank of America assumed coverage on Hilton Grand Vacations in a research report on Monday, April 17th. They issued a “neutral” rating and a $50.00 price target for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.80.
Insider Activity
Hilton Grand Vacations Stock Performance
NYSE:HGV opened at $45.11 on Monday. The company has a current ratio of 3.41, a quick ratio of 2.38 and a debt-to-equity ratio of 1.89. Hilton Grand Vacations Inc. has a 12-month low of $32.12 and a 12-month high of $51.81. The stock has a 50-day moving average price of $43.85 and a 200 day moving average price of $43.91. The stock has a market capitalization of $5.03 billion, a P/E ratio of 14.32 and a beta of 2.03.
Hilton Grand Vacations (NYSE:HGV – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.23. Hilton Grand Vacations had a return on equity of 20.24% and a net margin of 9.37%. The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $889.73 million. During the same period in the prior year, the company earned $0.42 earnings per share. The firm’s revenue was up 19.9% on a year-over-year basis. Equities research analysts forecast that Hilton Grand Vacations Inc. will post 4.23 EPS for the current fiscal year.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations, Inc engages in the marketing and sale of vacation ownership interval and management of resorts in urban destinations. It operates through the Real Estate Sales and Financing, and Resort Operations and Club Management segments. The Real Estate Sales and Financing segment refers to the sale of vacation ownership intervals on behalf of third-party developers using the Hilton Grand Vacations brand in exchange for sales, marketing and brand fees, and financing solutions.
Read More
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