American International Group Inc. Sells 1,081 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

American International Group Inc. lessened its holdings in Hilton Grand Vacations Inc. (NYSE:HGV – Get Rating) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,637 shares of the company’s stock after selling 1,081 shares during the period. American International Group Inc.’s holdings in Hilton Grand Vacations were worth $1,566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HGV. PNC Financial Services Group Inc. lifted its holdings in Hilton Grand Vacations by 327.3% during the first quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock worth $28,000 after buying an additional 419 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Hilton Grand Vacations during the 1st quarter worth $37,000. Hollencrest Capital Management purchased a new stake in shares of Hilton Grand Vacations during the 4th quarter worth $47,000. Covestor Ltd boosted its position in Hilton Grand Vacations by 642.2% during the first quarter. Covestor Ltd now owns 1,195 shares of the company’s stock valued at $62,000 after purchasing an additional 1,034 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Hilton Grand Vacations by 47.7% in the third quarter. Royal Bank of Canada now owns 2,765 shares of the company’s stock valued at $90,000 after purchasing an additional 893 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors.

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Hilton Grand Vacations Trading Up 2.2 %

NYSE:HGV opened at $46.98 on Wednesday. Hilton Grand Vacations Inc. has a 12 month low of $32.12 and a 12 month high of $51.81. The firm has a fifty day simple moving average of $44.09 and a 200-day simple moving average of $43.99. The company has a current ratio of 3.41, a quick ratio of 2.38 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $5.23 billion, a P/E ratio of 14.91 and a beta of 2.04.

Hilton Grand Vacations (NYSE:HGV – Get Rating) last issued its earnings results on Thursday, April 27th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.23. The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $889.73 million. Hilton Grand Vacations had a return on equity of 20.24% and a net margin of 9.37%. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. On average, equities research analysts anticipate that Hilton Grand Vacations Inc. will post 4.38 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays increased their price target on shares of Hilton Grand Vacations from $50.00 to $56.00 and gave the company an “overweight” rating in a research report on Thursday, March 2nd. Bank of America began coverage on shares of Hilton Grand Vacations in a research note on Monday, April 17th. They issued a “neutral” rating and a $50.00 target price for the company. Truist Financial lifted their price target on shares of Hilton Grand Vacations from $75.00 to $76.00 in a report on Tuesday, May 16th. Credit Suisse Group increased their price objective on Hilton Grand Vacations from $84.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, March 2nd. Finally, StockNews.com upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research note on Friday, May 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.80.

Hilton Grand Vacations Company Profile

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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.

Further Reading

• Get a free copy of the StockNews.com research report on Hilton Grand Vacations (HGV)
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