Handelsbanken Fonder AB Acquires 8,600 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Handelsbanken Fonder AB raised its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 51.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,409 shares of the company’s stock after buying an additional 8,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in Hilton Grand Vacations were worth $923,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HGV. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 77,934 shares in the last quarter. Millennium Management LLC increased its position in shares of Hilton Grand Vacations by 44.5% during the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after buying an additional 698,664 shares during the period. Dimensional Fund Advisors LP raised its stake in Hilton Grand Vacations by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock worth $78,961,000 after buying an additional 162,459 shares in the last quarter. Long Pond Capital LP lifted its holdings in Hilton Grand Vacations by 218.0% in the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock worth $48,553,000 after buying an additional 823,228 shares during the period. Finally, Iridian Asset Management LLC CT lifted its holdings in Hilton Grand Vacations by 63.9% in the second quarter. Iridian Asset Management LLC CT now owns 287,620 shares of the company’s stock worth $11,628,000 after buying an additional 112,117 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HGV shares. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Mizuho lowered their price objective on 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. Barclays reduced their target price on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Truist Financial decreased 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 note on Thursday, September 5th. Finally, The Goldman Sachs Group began coverage on shares of Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to 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 Stock Up 2.0 %

Shares of Hilton Grand Vacations stock opened at $35.72 on Friday. Hilton Grand Vacations Inc. has a twelve month low of $33.13 and a twelve month high of $49.02. 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’s 50 day moving average is $36.80 and its 200 day moving average is $40.44. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 1.88 and a beta of 1.83.

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 the consensus estimate of $0.89 by ($0.27). The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.33 billion. Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. Hilton Grand Vacations’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. Research analysts anticipate that Hilton Grand Vacations Inc. will post 3.55 EPS for the current year.

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.