Winslow Asset Management Inc. cut its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 8.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,727 shares of the company's stock after selling 7,877 shares during the quarter. Winslow Asset Management Inc. owned approximately 0.09% of Hilton Grand Vacations worth $3,170,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Hilton Grand Vacations by 136.9% in the first quarter. Signaturefd LLC now owns 860 shares of the company's stock worth $32,000 after purchasing an additional 497 shares in the last quarter. UMB Bank n.a. boosted its holdings in Hilton Grand Vacations by 106.8% in the first quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock worth $40,000 after purchasing an additional 550 shares in the last quarter. Covestor Ltd boosted its holdings in Hilton Grand Vacations by 432.4% in the fourth quarter. Covestor Ltd now owns 1,283 shares of the company's stock worth $50,000 after purchasing an additional 1,042 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Hilton Grand Vacations in the first quarter worth $73,000. Finally, Fifth Third Bancorp boosted its holdings in Hilton Grand Vacations by 8.8% in the first quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock worth $168,000 after purchasing an additional 364 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors.
Hilton Grand Vacations Stock Performance
HGV stock traded up $0.44 during mid-day trading on Friday, reaching $46.58. 902,833 shares of the stock traded hands, compared to its average volume of 947,903. 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 Inc. has a 52 week low of $30.59 and a 52 week high of $49.25. The business has a 50-day moving average of $41.35 and a two-hundred day moving average of $39.34. The firm has a market capitalization of $4.27 billion, a PE ratio of 145.66, a P/E/G ratio of 5.41 and a beta of 1.63.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) 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 firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company earned $0.95 earnings per share. The firm's revenue was down .7% on a year-over-year basis. As a group, equities analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.
Insider Buying and Selling at Hilton Grand Vacations
In related news, insider Charles R. Jr. Corbin sold 51,000 shares of the 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 owned 60,270 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Morgan Stanley decreased 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 report on Tuesday, April 22nd. JMP Securities reiterated a "market outperform" rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a report on Monday, May 5th. The Goldman Sachs Group upped their price objective on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a report on Friday, May 2nd. Mizuho upped their price objective on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Barclays decreased their price target on shares of 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. One equities 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $46.00.
View Our Latest Stock Analysis on Hilton Grand Vacations
About Hilton Grand Vacations
(
Free Report)
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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