First Trust Advisors LP Sells 8,416 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

First Trust Advisors LP cut its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,898 shares of the company's stock after selling 8,416 shares during the quarter. First Trust Advisors LP owned about 0.07% of Hilton Grand Vacations worth $2,839,000 at the end of the most recent reporting period.

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

Hilton Grand Vacations Stock Down 0.6 %

HGV stock traded down $0.22 during mid-day trading on Friday, reaching $38.94. 636,346 shares of the company traded hands, compared to its average volume of 903,320. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm's 50 day moving average price is $36.01 and its 200 day moving average price is $39.02. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 44.25, a P/E/G ratio of 2.20 and a beta of 1.60. 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 announced its quarterly earnings results on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.40). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 EPS. As a group, equities research analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Analyst Ratings Changes

HGV has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a research report on Friday, May 2nd. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. 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 $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hilton Grand Vacations currently 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.