Nuveen Asset Management LLC Boosts Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Nuveen Asset Management LLC lifted its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 36.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 288,599 shares of the company's stock after purchasing an additional 77,584 shares during the period. Nuveen Asset Management LLC owned 0.29% of Hilton Grand Vacations worth $11,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Covestor Ltd raised its position in Hilton Grand Vacations by 432.4% during the 4th quarter. Covestor Ltd now owns 1,283 shares of the company's stock valued at $50,000 after purchasing an additional 1,042 shares in the last quarter. KBC Group NV increased its stake in shares of Hilton Grand Vacations by 41.2% during the fourth quarter. KBC Group NV now owns 3,046 shares of the company's stock valued at $119,000 after buying an additional 889 shares during the period. Aigen Investment Management LP purchased a new position in shares of Hilton Grand Vacations during the fourth quarter valued at $200,000. Crossmark Global Holdings Inc. bought a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at about $204,000. Finally, FourThought Financial Partners LLC purchased a new stake in Hilton Grand Vacations in the fourth quarter worth about $232,000. Institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Price Performance

NYSE HGV remained flat at $38.19 on Friday. 1,325,123 shares of the company's stock traded hands, compared to its average volume of 907,211. The business has a 50-day moving average of $36.68 and a two-hundred day moving average of $39.12. The company has a market capitalization of $3.50 billion, a PE ratio of 43.40, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $44.99.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted 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 return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business earned $0.95 EPS. The firm's revenue for the quarter was down .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 51,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $38.78, for a total value of $1,977,780.00. Following the completion of the transaction, the insider now owns 60,270 shares of the company's stock, valued at approximately $2,337,270.60. This trade represents a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on HGV shares. JMP Securities reissued a "market outperform" rating and set a $50.00 target price on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Wall Street Zen raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Morgan Stanley reduced their price objective on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Barclays lowered their target price on 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. Finally, Truist Financial lifted their price target on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a report on Friday, March 7th. One 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $46.00.

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.