Bank of New York Mellon Corp Cuts Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Bank of New York Mellon Corp decreased its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 463,134 shares of the company's stock after selling 20,401 shares during the quarter. Bank of New York Mellon Corp owned 0.49% of Hilton Grand Vacations worth $17,326,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Nantahala Capital Management LLC increased its stake in Hilton Grand Vacations by 131.8% in the fourth quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company's stock valued at $67,422,000 after purchasing an additional 984,166 shares in the last quarter. Norges Bank bought a new position in Hilton Grand Vacations in the 4th quarter valued at about $33,047,000. GRS Advisors LLC bought a new stake in shares of Hilton Grand Vacations during the 4th quarter valued at approximately $24,414,000. Dimensional Fund Advisors LP boosted its holdings in shares of Hilton Grand Vacations by 21.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock valued at $114,329,000 after acquiring an additional 512,362 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Hilton Grand Vacations by 27.7% during the 4th quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock worth $79,664,000 after acquiring an additional 443,353 shares during the last quarter. Institutional investors own 97.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HGV shares. The Goldman Sachs Group upped their target price on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a research note on Friday, May 2nd. Morgan Stanley decreased their price target on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. JMP Securities restated a "market outperform" rating and issued a $50.00 target price on shares of Hilton Grand Vacations in a report on Monday, May 5th. Mizuho lifted their price target on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Barclays dropped their target price on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Hilton Grand Vacations presently has an average rating of "Hold" and a consensus target price of $46.00.

Insiders Place Their Bets

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the company's stock in a transaction 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 transaction, the insider owned 60,270 shares of the company's stock, valued at $2,337,270.60. This represents a 45.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is owned by company insiders.

Hilton Grand Vacations Stock Up 1.3%

Shares of HGV traded up $0.60 during mid-day trading on Friday, reaching $46.74. 1,317,223 shares of the stock traded hands, compared to its average volume of 952,266. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 146.06, a P/E/G ratio of 5.36 and a beta of 1.63. The stock has a fifty day simple moving average of $41.65 and a 200 day simple moving average of $39.44. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $49.25. The company has a quick ratio of 2.49, a current ratio of 3.95 and a debt-to-equity ratio of 4.01.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.40). Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Hilton Grand Vacations's revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

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.