Homestead Advisers Corp Decreases Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Homestead Advisers Corp decreased its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 61.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the company's stock after selling 48,300 shares during the period. Homestead Advisers Corp's holdings in Hilton Grand Vacations were worth $1,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC raised its position in shares of Hilton Grand Vacations by 136.9% during the 1st quarter. Signaturefd LLC now owns 860 shares of the company's stock worth $32,000 after purchasing an additional 497 shares during the period. UMB Bank n.a. increased its position in shares of Hilton Grand Vacations by 106.8% during the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock valued at $40,000 after purchasing an additional 550 shares during the period. Covestor Ltd increased its position in shares of 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 during the period. FNY Investment Advisers LLC bought a new stake in shares of Hilton Grand Vacations during the 1st quarter worth $73,000. Finally, Fifth Third Bancorp boosted its stake in shares of Hilton Grand Vacations by 8.8% during the 1st quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock worth $168,000 after acquiring an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HGV shares. Barclays decreased their target price on Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. JMP Securities reiterated a "market outperform" rating and set a $50.00 price objective on shares of Hilton Grand Vacations in a report on Monday, May 5th. Mizuho raised their target price on Hilton Grand Vacations from $70.00 to $73.00 and gave the company an "outperform" rating in a report on Monday. Morgan Stanley cut their target price on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group raised their target price on Hilton Grand Vacations from $30.00 to $34.00 and gave the company a "sell" rating in a report on Friday, May 2nd. One 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $46.38.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV traded up $0.80 during trading on Tuesday, reaching $48.41. The stock had a trading volume of 149,995 shares, compared to its average volume of 996,969. Hilton Grand Vacations Inc. has a 52 week low of $30.59 and a 52 week high of $49.25. The business's 50-day moving average price is $41.77 and its 200 day moving average price is $39.52. The company has a debt-to-equity ratio of 4.01, a current ratio of 3.95 and a quick ratio of 2.49. The stock has a market capitalization of $4.44 billion, a PE ratio of 150.93, a P/E/G ratio of 5.36 and a beta of 1.63.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its 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 business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The business's revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. As a group, equities analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 60,270 shares in the company, valued at approximately $2,337,270.60. This trade represents a 45.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is currently owned by corporate 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.

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