Mackenzie Financial Corp Acquires New Shares in Hilton Grand Vacations Inc. (NYSE:HGV)

Mackenzie Financial Corp bought a new position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,842 shares of the company's stock, valued at approximately $480,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Nantahala Capital Management LLC boosted its position 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 worth $67,422,000 after purchasing an additional 984,166 shares during the last quarter. GRS Advisors LLC purchased a new position in shares of Hilton Grand Vacations in the fourth quarter worth approximately $24,414,000. Dimensional Fund Advisors LP boosted its holdings in shares of Hilton Grand Vacations by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock worth $114,329,000 after buying an additional 512,362 shares during the last quarter. Millennium Management LLC grew its position in Hilton Grand Vacations by 27.7% during the fourth quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock valued at $79,664,000 after buying an additional 443,353 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in Hilton Grand Vacations by 62.6% during the fourth quarter. Squarepoint Ops LLC now owns 493,474 shares of the company's stock valued at $19,221,000 after buying an additional 189,934 shares during the last quarter. Institutional investors own 97.23% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HGV. JMP Securities reissued a "market outperform" rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Morgan Stanley cut their price target on 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. Mizuho raised their price target on Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on Hilton Grand Vacations and gave the stock a "buy" rating in a research note on Monday. Finally, Barclays increased their target price on Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of "Hold" and an average target price of $49.44.

Hilton Grand Vacations Stock Down 1.0%

Shares of HGV opened at $43.93 on Friday. The firm has a fifty day moving average price of $43.83 and a 200-day moving average price of $40.31. The company has a current ratio of 4.43, a quick ratio of 2.77 and a debt-to-equity ratio of 4.31. The firm has a market capitalization of $3.92 billion, a P/E ratio of 79.87, a P/E/G ratio of 3.79 and a beta of 1.65. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $52.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.38 billion. Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. Equities research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

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.

Want to see what other hedge funds are holding HGV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Grand Vacations Inc. (NYSE:HGV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.