Amalgamated Bank Decreases Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Amalgamated Bank lessened its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 11.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 33,400 shares of the company’s stock after selling 4,241 shares during the quarter. Amalgamated Bank’s holdings in Hilton Grand Vacations were worth $1,350,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Hilton Grand Vacations by 1.0% in the first quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock valued at $356,250,000 after purchasing an additional 77,934 shares during the period. Parsifal Capital Management LP boosted its holdings in 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 worth $160,107,000 after buying an additional 225,893 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hilton Grand Vacations by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock valued at $78,961,000 after acquiring an additional 162,459 shares during the last quarter. Norges Bank acquired a new position in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $23,383,000. Finally, Mudita Advisors LLP boosted its stake in shares of Hilton Grand Vacations by 15.0% in the fourth quarter. Mudita Advisors LLP now owns 534,665 shares of the company’s stock worth $21,483,000 after acquiring an additional 69,734 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Trading Up 2.1 %

HGV opened at $37.87 on Friday. The business’s 50 day moving average price is $38.30 and its 200 day moving average price is $41.19. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.97 and a current ratio of 4.36. The stock has a market capitalization of $3.93 billion, a PE ratio of 17.86, a P/E/G ratio of 2.32 and a beta of 1.83. Hilton Grand Vacations Inc. has a one year low of $33.13 and a one year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly 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 business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. As a group, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HGV shares. Jefferies Financial Group downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their price objective for the company from $55.00 to $35.00 in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Barclays cut their price objective on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Mizuho lowered their target price on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Truist Financial cut their price target on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus 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.