PFG Investments LLC Has $265,000 Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

PFG Investments LLC lessened its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,292 shares of the company’s stock after selling 510 shares during the quarter. PFG Investments LLC’s holdings in Hilton Grand Vacations were worth $265,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. State of Michigan Retirement System grew its position in Hilton Grand Vacations by 2.3% during the first quarter. State of Michigan Retirement System now owns 17,500 shares of the company’s stock valued at $826,000 after purchasing an additional 400 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Hilton Grand Vacations by 17.7% during the 1st quarter. BNP Paribas Financial Markets now owns 77,210 shares of the company’s stock valued at $3,645,000 after acquiring an additional 11,610 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Hilton Grand Vacations by 4.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,330 shares of the company’s stock worth $582,000 after acquiring an additional 523 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Hilton Grand Vacations during the first quarter worth $432,000. Finally, Iridian Asset Management LLC CT raised its holdings in shares of Hilton Grand Vacations by 34.1% during the first quarter. Iridian Asset Management LLC CT now owns 175,503 shares of the company’s stock worth $8,285,000 after acquiring an additional 44,666 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Price Performance

NYSE HGV opened at $37.81 on Thursday. The company has a current ratio of 4.36, a quick ratio of 2.97 and a debt-to-equity ratio of 3.18. The company has a fifty day simple moving average of $37.08 and a 200 day simple moving average of $39.65. The company has a market cap of $3.92 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.97 and a beta of 1.83. Hilton Grand Vacations Inc. has a 1 year low of $33.13 and a 1 year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.33 billion. Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. On average, sell-side analysts predict that Hilton Grand Vacations Inc. will post 3.55 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group started coverage on Hilton Grand Vacations in a research report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price on the stock. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price objective for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Truist Financial reduced their target price on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $36.00 in a research note on Friday, August 9th. Finally, Mizuho reduced their price objective on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus 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.