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

Barnett & Company Inc. reduced its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 have also added to or reduced their stakes in the business. Fox Run Management L.L.C. purchased a new stake in shares of Hilton Grand Vacations in the 4th quarter worth $362,000. KLP Kapitalforvaltning AS bought a new stake in Hilton Grand Vacations during the fourth quarter valued at about $608,000. Independent Family Office LLC purchased a new stake in Hilton Grand Vacations in the fourth quarter worth about $627,000. Cibc World Markets Corp bought a new position in shares of Hilton Grand Vacations in the fourth quarter worth about $261,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hilton Grand Vacations by 12.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,301 shares of the company’s stock valued at $752,000 after buying an additional 2,170 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Trading Down 0.2 %

Shares of HGV stock opened at $37.66 on Monday. The stock’s 50-day moving average price is $40.34 and its 200-day moving average price is $39.36. Hilton Grand Vacations Inc. has a 12-month low of $33.21 and a 12-month high of $47.81. The stock 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. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. Equities research analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HGV has been the topic of a number of recent analyst reports. JMP Securities decreased their target price on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Wednesday, December 18th. Barclays raised their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Truist Financial increased their price target on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group boosted their price objective on Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $47.25.

Hilton Grand Vacations Company 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.