Charles Schwab Investment Management Inc. Raises Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Charles Schwab Investment Management Inc. grew its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 892,057 shares of the company’s stock after acquiring an additional 30,019 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Hilton Grand Vacations were worth $34,746,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Amalgamated Bank boosted its holdings in shares of Hilton Grand Vacations by 0.9% in the fourth quarter. Amalgamated Bank now owns 28,884 shares of the company’s stock valued at $1,125,000 after acquiring an additional 263 shares in the last quarter. KBC Group NV boosted its holdings in shares of Hilton Grand Vacations by 41.2% in the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after acquiring an additional 889 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Hilton Grand Vacations by 16.9% in the third quarter. Victory Capital Management Inc. now owns 17,140 shares of the company’s stock valued at $623,000 after acquiring an additional 2,477 shares in the last quarter. Okabena Investment Services Inc. boosted its holdings in shares of Hilton Grand Vacations by 14.1% in the third quarter. Okabena Investment Services Inc. now owns 28,869 shares of the company’s stock valued at $1,049,000 after acquiring an additional 3,567 shares in the last quarter. Finally, Blueshift Asset Management LLC boosted its holdings in shares of Hilton Grand Vacations by 28.4% in the third quarter. Blueshift Asset Management LLC now owns 20,939 shares of the company’s stock valued at $761,000 after acquiring an additional 4,633 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

Shares of HGV opened at $34.97 on Monday. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The stock has a market cap of $3.33 billion, a P/E ratio of 39.74, a PEG ratio of 2.20 and a beta of 1.84. The company has a 50-day moving average of $40.44 and a two-hundred day moving average of $39.39. Hilton Grand Vacations Inc. has a 12-month low of $33.21 and a 12-month high of $47.81.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40). The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. As a group, research analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HGV. The Goldman Sachs Group lifted their target price on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, March 4th. Morgan Stanley started coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They issued an “overweight” rating and a $47.00 price objective for the company. Mizuho raised their price objective on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. JMP Securities reduced their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research note on Wednesday, December 18th. Finally, Barclays raised their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $47.25.

About Hilton Grand Vacations

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.