Intech Investment Management LLC Cuts Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Intech Investment Management LLC decreased its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 46.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,974 shares of the company’s stock after selling 30,683 shares during the period. Intech Investment Management LLC’s holdings in Hilton Grand Vacations were worth $1,362,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. boosted its position in shares of Hilton Grand Vacations by 17.8% during the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after buying an additional 499,067 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Hilton Grand Vacations by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company’s stock valued at $34,746,000 after buying an additional 30,019 shares during the last quarter. AlphaQuest LLC boosted its position in shares of Hilton Grand Vacations by 186,169.2% during the fourth quarter. AlphaQuest LLC now owns 24,215 shares of the company’s stock valued at $943,000 after buying an additional 24,202 shares during the last quarter. Independent Family Office LLC purchased a new position in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $627,000. Finally, Barclays PLC boosted its position in shares of Hilton Grand Vacations by 330.8% during the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after buying an additional 188,997 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Down 0.2 %

Shares of NYSE HGV opened at $37.66 on Friday. Hilton Grand Vacations Inc. has a one year low of $33.21 and a one year high of $47.81. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The business’s fifty day moving average price is $40.34 and its 200-day moving average price is $39.34. The stock has a market capitalization of $3.59 billion, a PE ratio of 42.79, a P/E/G ratio of 2.20 and a beta of 1.84.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. On average, equities research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, March 4th. JMP Securities cut their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Wednesday, December 18th. Mizuho boosted their price objective on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Barclays boosted their price objective on Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Finally, StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.25.

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.