Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 21.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,801 shares of the company’s stock after selling 3,860 shares during the quarter. ProShare Advisors LLC’s holdings in Hilton Grand Vacations were worth $558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC acquired a new stake in shares of Hilton Grand Vacations in the second quarter worth approximately $32,000. YHB Investment Advisors Inc. acquired a new position in Hilton Grand Vacations in the 1st quarter valued at $47,000. Canada Pension Plan Investment Board purchased a new position in Hilton Grand Vacations in the 2nd quarter valued at $93,000. Ashton Thomas Private Wealth LLC acquired a new stake in Hilton Grand Vacations during the 2nd quarter worth $120,000. Finally, Benjamin Edwards Inc. grew its holdings in shares of Hilton Grand Vacations by 46.0% during the first quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock worth $151,000 after buying an additional 1,006 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Down 4.5 %

Shares of NYSE:HGV opened at $36.32 on Tuesday. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 2.32 and a beta of 1.83. Hilton Grand Vacations Inc. has a 12-month low of $33.13 and a 12-month high of $49.02. The business has a 50-day moving average price of $38.09 and a 200 day moving average price of $41.04. The company has a current ratio of 4.36, a quick ratio of 2.97 and a debt-to-equity ratio of 3.18.

Hilton Grand Vacations (NYSE:HGV) last announced its 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). Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business earned $0.85 EPS. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. Sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.07 EPS for the current year.

Wall Street Analysts Forecast Growth

HGV has been the topic of several research reports. StockNews.com downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. The Goldman Sachs Group started coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price on the stock. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $55.00 to $36.00 in a research report on Friday, August 9th. Truist Financial reduced their price objective on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Barclays dropped their target price on 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 analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Hilton Grand Vacations presently 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.