Bank of America Corp DE Sells 134,974 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Bank of America Corp DE decreased its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 34.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,247 shares of the company's stock after selling 134,974 shares during the period. Bank of America Corp DE owned approximately 0.26% of Hilton Grand Vacations worth $9,825,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Hilton Grand Vacations by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company's stock worth $34,746,000 after purchasing an additional 30,019 shares during the period. AlphaQuest LLC raised its stake in Hilton Grand Vacations by 186,169.2% during the 4th 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 in the 4th quarter worth $627,000. Bank of Montreal Can grew its holdings in shares of Hilton Grand Vacations by 5.1% in the fourth quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock worth $290,000 after acquiring an additional 361 shares during the period. Finally, Barclays PLC increased its position in 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 acquiring an additional 188,997 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Price Performance

Shares of HGV stock traded up $0.98 during mid-day trading on Tuesday, hitting $38.92. The company had a trading volume of 754,039 shares, compared to its average volume of 904,478. 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 stock's 50 day moving average price is $36.67 and its 200-day moving average price is $39.16. Hilton Grand Vacations Inc. has a 52-week low of $30.59 and a 52-week high of $44.99. The company has a market capitalization of $3.57 billion, a P/E ratio of 44.23, a P/E/G ratio of 2.20 and a beta of 1.60.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.40). The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.25 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 EPS. Equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HGV. Wall Street Zen upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Barclays reduced their target price on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group boosted their price objective on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the company a "sell" rating in a research report on Friday, May 2nd. JMP Securities reaffirmed a "market outperform" rating and issued a $50.00 target price on shares of Hilton Grand Vacations in a report on Monday, May 5th. Finally, Mizuho lifted their target price on Hilton Grand Vacations from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $46.00.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 51,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $38.78, for a total transaction of $1,977,780.00. Following the completion of the transaction, the insider now owns 60,270 shares in the company, valued at $2,337,270.60. This trade represents a 45.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is owned by company insiders.

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.