Homestead Advisers Corp Sells 32,100 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Homestead Advisers Corp cut its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,300 shares of the company’s stock after selling 32,100 shares during the period. Homestead Advisers Corp owned about 0.08% of Hilton Grand Vacations worth $3,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HGV. KBC Group NV grew its stake in Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after purchasing an additional 889 shares during the period. Aigen Investment Management LP bought a new stake in Hilton Grand Vacations in the fourth quarter worth about $200,000. Crossmark Global Holdings Inc. purchased a new position in Hilton Grand Vacations in the fourth quarter valued at about $204,000. FourThought Financial Partners LLC bought a new position in shares of Hilton Grand Vacations during the 4th quarter valued at approximately $232,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Hilton Grand Vacations during the 4th quarter worth approximately $261,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HGV has been the subject of several research reports. JMP Securities reduced their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their price objective on Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, March 4th. Truist Financial increased their target price on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Mizuho raised their price objective on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.25.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $38.38 on Thursday. The company’s 50 day simple moving average is $40.34 and its two-hundred day simple moving average is $39.38. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $47.81. The stock has a market capitalization of $3.63 billion, a PE ratio of 43.61, a P/E/G ratio of 2.20 and a beta of 1.84.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.28 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. Analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations Company 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.