Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 7.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 50,923 shares of the company’s stock after selling 4,326 shares during the period. Sei Investments Co.’s holdings in Hilton Grand Vacations were worth $2,059,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HGV. nVerses Capital LLC acquired a new position in Hilton Grand Vacations in the 2nd quarter valued at about $32,000. YHB Investment Advisors Inc. purchased a new stake in Hilton Grand Vacations in the 1st quarter valued at approximately $47,000. Canada Pension Plan Investment Board purchased a new stake in Hilton Grand Vacations in the 2nd quarter valued at approximately $93,000. Ashton Thomas Private Wealth LLC purchased a new stake in Hilton Grand Vacations in the 2nd quarter valued at approximately $120,000. Finally, Benjamin Edwards Inc. boosted its holdings in Hilton Grand Vacations by 46.0% in the 1st quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock valued at $151,000 after purchasing an additional 1,006 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV opened at $36.56 on Friday. The business’s 50 day simple moving average is $37.44 and its 200-day simple moving average is $40.79. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 2.32 and a beta of 1.83. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97. Hilton Grand Vacations Inc. has a 12 month low of $33.13 and a 12 month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last posted 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 company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the company posted $0.85 EPS. Hilton Grand Vacations’s quarterly revenue was up 22.6% compared to the same quarter last year. As a group, equities analysts forecast that Hilton Grand Vacations Inc. will post 3.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays lowered their price objective on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Truist Financial lowered their price objective on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $36.00 in a report on Friday, August 9th. Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price objective for the company from $55.00 to $35.00 in a report on Friday, August 9th. Finally, The Goldman Sachs Group started coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They set a “sell” rating and a $31.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.