Bank of New York Mellon Corp Lowers Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Bank of New York Mellon Corp decreased its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 655,483 shares of the company’s stock after selling 15,944 shares during the quarter. Bank of New York Mellon Corp’s holdings in Hilton Grand Vacations were worth $26,501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HGV. YHB Investment Advisors Inc. purchased a new stake in shares of Hilton Grand Vacations during the 1st quarter worth about $47,000. Quest Partners LLC purchased a new stake in shares of Hilton Grand Vacations during the 4th quarter worth about $142,000. Benjamin Edwards Inc. grew its holdings in shares of Hilton Grand Vacations by 46.0% during the 1st quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock worth $151,000 after purchasing an additional 1,006 shares during the period. Waterway Wealth Management LLC purchased a new stake in shares of Hilton Grand Vacations during the 1st quarter worth about $201,000. Finally, Qsemble Capital Management LP purchased a new stake in shares of Hilton Grand Vacations during the 1st quarter worth about $249,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Analysts Set New Price Targets

HGV has been the subject of a number of research reports. Mizuho decreased their target price on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Barclays decreased their target price on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Truist Financial upped their price target on Hilton Grand Vacations from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their price target for the stock from $55.00 to $35.00 in a report on Friday, August 9th. Finally, StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.43.

Hilton Grand Vacations Stock Performance

Shares of HGV opened at $37.58 on Thursday. The business’s 50 day moving average is $39.50 and its two-hundred day moving average is $42.16. Hilton Grand Vacations Inc. has a 52-week low of $33.13 and a 52-week high of $49.02. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.94 and a beta of 1.83. The company has a quick ratio of 2.97, a current ratio of 4.36 and a debt-to-equity ratio of 3.18.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. Analysts forecast that Hilton Grand Vacations Inc. will post 3.37 EPS 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.