Quantbot Technologies LP Sells 35,978 Shares of Hilton Grand Vacations Inc. $HGV

Quantbot Technologies LP trimmed its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 84.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,740 shares of the company’s stock after selling 35,978 shares during the period. Quantbot Technologies LP’s holdings in Hilton Grand Vacations were worth $282,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Close Asset Management Ltd raised its holdings in Hilton Grand Vacations by 15.7% in the 3rd quarter. Close Asset Management Ltd now owns 1,239,840 shares of the company’s stock valued at $51,832,000 after acquiring an additional 168,160 shares in the last quarter. Hohimer Wealth Management LLC bought a new stake in shares of Hilton Grand Vacations during the third quarter valued at approximately $214,000. EverSource Wealth Advisors LLC increased its position in shares of Hilton Grand Vacations by 73.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,109 shares of the company’s stock valued at $46,000 after purchasing an additional 468 shares during the period. Vanguard Group Inc. raised its stake in shares of Hilton Grand Vacations by 7.3% in the third quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company’s stock valued at $283,849,000 after purchasing an additional 464,618 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in shares of Hilton Grand Vacations by 6.6% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 13,748 shares of the company’s stock valued at $575,000 after purchasing an additional 854 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Truist Financial decreased their price target on shares of Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Morgan Stanley restated an “equal weight” rating and issued a $49.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, January 16th. Mizuho decreased their target price on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Citizens Jmp upped their target price on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the company a “market outperform” rating in a research note on Monday. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $40.00 price target on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $52.33.

Hilton Grand Vacations Price Performance

Shares of HGV stock opened at $42.18 on Wednesday. The stock’s fifty day simple moving average is $46.10 and its 200 day simple moving average is $44.34. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $52.08. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 46.35, a P/E/G ratio of 0.59 and a beta of 1.43. The company has a debt-to-equity ratio of 5.04, a current ratio of 5.20 and a quick ratio of 3.17.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.17). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. On average, analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.