Hilton Grand Vacations Inc. (NYSE:HGV) Position Raised by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC boosted its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,693 shares of the company’s stock after purchasing an additional 3,576 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.07% of Hilton Grand Vacations worth $2,480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at $6,428,000. Norges Bank acquired a new stake in Hilton Grand Vacations in the 4th quarter valued at about $33,047,000. Fox Run Management L.L.C. acquired a new position in shares of Hilton Grand Vacations in the 4th quarter worth approximately $362,000. KLP Kapitalforvaltning AS bought a new stake in shares of Hilton Grand Vacations in the 4th quarter worth approximately $608,000. Finally, Independent Family Office LLC acquired a new stake in Hilton Grand Vacations during the fourth quarter valued at approximately $627,000. 97.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HGV. The Goldman Sachs Group upped their price target on Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, March 4th. Mizuho upped their target price on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, February 28th. Truist Financial lifted 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. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Finally, Morgan Stanley assumed coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They issued an “overweight” rating and a $47.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $47.25.

Hilton Grand Vacations Stock Performance

HGV stock opened at $37.97 on Thursday. The firm has a 50 day simple moving average of $40.04 and a 200 day simple moving average of $39.44. Hilton Grand Vacations Inc. has a 52 week low of $33.21 and a 52 week high of $46.89. The stock has a market cap of $3.59 billion, a P/E ratio of 43.15, a P/E/G ratio of 2.20 and a beta of 1.68. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (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 company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

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.