Canada Pension Plan Investment Board Invests $93,000 in Hilton Grand Vacations Inc. (NYSE:HGV)

Canada Pension Plan Investment Board purchased a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 2,300 shares of the company’s stock, valued at approximately $93,000.

Several other large investors also recently modified their holdings of HGV. Janney Montgomery Scott LLC grew its stake in Hilton Grand Vacations by 15.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,807 shares of the company’s stock valued at $474,000 after buying an additional 1,609 shares in the last quarter. Norges Bank purchased a new position in Hilton Grand Vacations in the 4th quarter valued at approximately $23,383,000. Armistice Capital LLC purchased a new position in Hilton Grand Vacations in the 4th quarter valued at approximately $1,051,000. Mudita Advisors LLP grew its stake in Hilton Grand Vacations by 15.0% in the 4th quarter. Mudita Advisors LLP now owns 534,665 shares of the company’s stock valued at $21,483,000 after buying an additional 69,734 shares in the last quarter. Finally, Gray Foundation purchased a new position in Hilton Grand Vacations in the 4th quarter valued at approximately $8,539,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $38.05 on Monday. The company has a quick ratio of 2.97, a current ratio of 4.36 and a debt-to-equity ratio of 3.18. The company has a market capitalization of $3.95 billion, a PE ratio of 17.95, a P/E/G ratio of 2.32 and a beta of 1.83. The firm has a fifty day simple moving average of $38.09 and a two-hundred day simple moving average of $41.08. Hilton Grand Vacations Inc. has a twelve month low of $33.13 and a twelve month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.27). The business had revenue of $1.24 billion during 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%. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. Research analysts expect that Hilton Grand Vacations Inc. will post 3.07 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their price target for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Mizuho reduced their price target on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Truist Financial reduced their price target on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. The Goldman Sachs Group began coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price target for the company. Finally, Barclays dropped 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Hilton Grand Vacations presently has a consensus 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.