Quantbot Technologies LP Sells 35,978 Shares of Hilton Grand Vacations Inc. $HGV

Key Points

• Quantbot Technologies LP cut its stake in Hilton Grand Vacations by 84.2%, selling 35,978 shares and leaving it with 6,740 shares valued at about $282,000.
• Hilton Grand Vacations reported quarterly EPS of $0.88, missing the $1.05 consensus and posting revenue of $1.33 billion (below the $1.38 billion estimate), with revenue up 3.8% year-over-year.
• Analysts are mixed: the consensus rating is Hold with an average price target of $52.33, while several firms have trimmed targets recently and coverage spans buys, holds and sells.

Quantbot Technologies LP decreased its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 84.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,740 shares of the company's stock after selling 35,978 shares during the period. Quantbot Technologies LP's holdings in Hilton Grand Vacations were worth $282,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HGV. EverSource Wealth Advisors LLC lifted its holdings in Hilton Grand Vacations by 743.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company's stock worth $27,000 after purchasing an additional 565 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Hilton Grand Vacations by 136.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company's stock valued at $37,000 after purchasing an additional 520 shares during the last quarter. State of Wyoming bought a new position in shares of Hilton Grand Vacations in the third quarter valued at approximately $56,000. Raymond James Financial Inc. bought a new position in shares of Hilton Grand Vacations in the second quarter valued at approximately $190,000. Finally, Securian Asset Management Inc. lifted its stake in shares of Hilton Grand Vacations by 5.0% in the third quarter. Securian Asset Management Inc. now owns 4,619 shares of the company's stock worth $193,000 after buying an additional 222 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on HGV. Mizuho decreased their price objective on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an "outperform" rating for the company in a report on Friday, February 27th. Wells Fargo & Company began coverage on shares of Hilton Grand Vacations in a report on Tuesday, November 18th. They issued an "equal weight" rating and a $42.00 target price on the stock. Barclays cut their target price on shares of Hilton Grand Vacations from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Monday, March 2nd. Truist Financial decreased their price target on shares of Hilton Grand Vacations from $62.00 to $59.00 and set a "buy" rating for the company in a report on Friday, November 14th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $49.00 price target on shares of Hilton Grand Vacations in a research report on Friday, January 16th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $52.33.

Hilton Grand Vacations Stock Down 2.4%

HGV opened at $42.18 on Wednesday. The business has a 50 day moving average of $46.10 and a 200-day moving average of $44.34. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 46.35, a P/E/G ratio of 0.59 and a beta of 1.43. The company has a current ratio of 5.20, a quick ratio of 3.17 and a debt-to-equity ratio of 5.04. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $52.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.17). Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm posted $0.49 EPS. The company's revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.

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