Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 39.5% in the second quarter, HoldingsChannel.com reports. The firm owned 14,663 shares of the company’s stock after selling 9,575 shares during the quarter. Victory Capital Management Inc.’s holdings in Hilton Grand Vacations were worth $593,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HGV. Norges Bank purchased a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at about $23,383,000. Breach Inlet Capital Management LLC purchased a new position in Hilton Grand Vacations during the fourth quarter worth approximately $13,700,000. Dimensional Fund Advisors LP raised its stake in Hilton Grand Vacations by 17.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,763,168 shares of the company’s stock worth $70,847,000 after purchasing an additional 267,567 shares during the period. Parsifal Capital Management LP raised its stake in shares of Hilton Grand Vacations by 6.0% in the 4th quarter. Parsifal Capital Management LP now owns 3,984,755 shares of the company’s stock valued at $160,107,000 after acquiring an additional 225,893 shares during the period. Finally, Gray Foundation purchased a new stake in Hilton Grand Vacations during the 4th quarter worth $8,539,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

Shares of HGV opened at $37.16 on Monday. The company’s fifty day moving average is $38.66 and its 200-day moving average is $41.31. Hilton Grand Vacations Inc. has a 12 month low of $33.13 and a 12 month high of $49.02. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 2.05 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 posted its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.27). The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.33 billion. Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. Hilton Grand Vacations’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. Equities analysts expect that Hilton Grand Vacations Inc. will post 3.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Barclays cut their price objective on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $36.00 in a report on Friday, August 9th. Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their target price for the stock from $55.00 to $35.00 in a report on Friday, August 9th. Finally, The Goldman Sachs Group started coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Grand Vacations has an average rating of “Hold” and a consensus target price of $43.71.

Hilton Grand Vacations 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.